Joint financial planning: Conversations couples should be having

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[ADVISOR VIEW] Sharing a common financial value system is an important part of a couple’s financialplanning journey, so be sure to understand how your budget and lifestyle will reflect the principles you live by as a couple: EricJordaan - crueinvest.

Money in the context of marriage can be notoriously difficult to navigate especially where couples find themselves with widely disparate views regarding personal financial management.

Do you both want children? Will you both continue working? If so, who will care for your child? Does one partner want to be a stay-at-home parent? How will this affect the family’s financial position? How does the stay-at-home parent build wealth in their own name? What financial value system do you want to impart to your child? What type of schooling do you envisage for your child? These may seem like innocuous questions but, if you and your partner have widely differing views on raising...

 

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