Colette Sexton on why it is important for couples to have honest discussions about their money situation.
20th Apr 2023Mamma Mia
A few years ago, a PWC Employee Financial Wellness Survey found that financial matters was the top stressor across all generations. Some 42 per cent of millennials, 46 per cent of Gen X, and 28 per cent of baby boomers said finances were their biggest cause of stress. Now imagine the impact that stress has on someone’s personal life, and particularly their relationship.
Bringing up the money talk can seem really intimidating, but if you are in a serious, committed relationship then it is very important . The key is to be honest. Start the dialogue by both of you laying out your full financial situations. I’m talking everything – income, spending habits, savings and loans, including everything from student loans and car loans to credit card bills.
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