Couple Debt
Couple Debt
Is arguing about money upsetting your otherwise great relationship?
Don’t let it turn into a lingering conflict. Divorced Canadians point to money issues as a top reason marriages end.
I’m Derek Cooper, Senior Investment Advisor with TD Wealth Private Investment Advice here in Kingston.
As with every part of a relationship, good communication is the key to building trust and respect over joint finances.
Here are four tips to help you broach money issues with your life partner:
1. Be open about what money means to you. Do you value security over risk? Long-term savings over short term-goals?
2. Work together to create a budget. Come up with agreed-upon amounts that reflect each other’s interests.
3. Talk about your financial line in the sand. Set an agreed-upon spending level that requires discussion before a purchase can be made.
4. Consider working with an advisor to help clarify financial issues and chart a course of action that works for both of you.
Learning to approach money management as a team starts with an open and honest conversation. After all, money talks. And so can we. Call me at 613-549-9008.
Is arguing about money upsetting your otherwise great relationship?
Don’t let it turn into a lingering conflict. Divorced Canadians point to money issues as a top reason marriages end.
I’m Derek Cooper, Senior Investment Advisor with TD Wealth Private Investment Advice here in Kingston.
As with every part of a relationship, good communication is the key to building trust and respect over joint finances.
Here are four tips to help you broach money issues with your life partner:
1. Be open about what money means to you. Do you value security over risk? Long-term savings over short term-goals?
2. Work together to create a budget. Come up with agreed-upon amounts that reflect each other’s interests.
3. Talk about your financial line in the sand. Set an agreed-upon spending level that requires discussion before a purchase can be made.
4. Consider working with an advisor to help clarify financial issues and chart a course of action that works for both of you.
Learning to approach money management as a team starts with an open and honest conversation. After all, money talks. And so can we. Call me at 613-549-9008.