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Worried about money? How to have a courageous chat with your spouse about it

pixabay.com, 2018

(Also read: Living together, but not married? Tips on arranging your finances…)

It’s time to have a heart-to-heart with ourselves and our partners about the role of money in our relationships. As the saying goes: You live, and you learn – and luckily for us, we are never too old to learn.

Kim Potgieter

People talk about sex more easily than they talk about money.

Kim Potgieter

There is a complex and dynamic relationship between money and marriage, says personal finance expert Kim Potgieter.

Ray White (in for Bruce Whitfield on The Money Show) asked Potgieter to compile a list of tips she has learnt during her many years of “life planning”:

  • It’s never too late or too early to have courageous money conversations.

  • Share your money beliefs with your partner.

  • Plan your goals and dreams together.

  • Money is a combined responsibility.

  • Don’t manipulate or control with money.

For more detail; listen to the interview in the audio below (and/or scroll down for more quotes from it).

Often they’ve never spoken about money…

Kim Potgieter

It’s totally dependent on the couple [whether they should have a joint bank account]… But I encourage clients to talk about what suits them in their relationship.

Kim Potgieter

Not often do we understand where our beliefs come from. We think they are reality…

Kim Potgieter

It’s a wonderful exercise to do together with your financial planner… It’s unfair to give all the responsibility to one partner…

Kim Potgieter

I see a lot of women who are still looking to their husbands… We need to be teaching her to be able to stand alone… I encourage fathers and men to encourage their wives to be involved in this conversation…

Kim Potgieter

Don’t just rely on the one partner to get it right for you.

Kim Potgieter

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This article first appeared on 702 : Worried about money? How to have a courageous chat with your spouse about it


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