Do you fight about money with your partner? Here's avoid future disagreements

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Illustration photo by Getty Images
Illustration photo by Getty Images
  • One of the first measures couples may take on their route to long-term financial harmony is to lay a sound financial foundation.
  • Partners will not always agree on everything, but finances should never become a problem.
  • Liberty Senior Specialist for Business Development, Sindi Mondi, gives tips on how couples can avoid financial pitfalls.


Couples can have a smoother path to relationship bliss if they talk about their finances and avoid disagreements around finances. 

The worst is when couples do not operate as one unit. If one person makes his/her plans independently, this is no different from a "tug of war" game, says Liberty Senior Specialist for Business Development, Sindi Mondi.

“There is one who will fall and one who is likely to come out victorious. Coupling is all about synchronising your lives, your plans, and seeking common goals. If one then does not contribute to building the oneness, there could be no common interest from the inception of the union. If there was once, then that needs to be revisited," she says.

She adds that to her, the fact that couples hold hands symbolises how life needs to be dealt with in unison.

READ MORE | Financial infidelity: Not talking about money in your relationship can ruin it

To avoid financial pitfalls, Sindi recommends:

  • Transparency is key. First communicate each other's dreams, needs, desires, ambitions, goals, finances, etc. Then from that, we find commonalities, negotiate where there's more significant differences, compromise where necessary.  For married couples, there is that line that is commonly used, "You two are now one.” That should pull through to every aspect of a couple's lives, particularly money objectives. Money is finite, and life needs and wants are infinite thus ought to be treated with due care and diligence and should somewhat serve both parties. 
  • Each party should disclose their earnings. The couple should jointly draw up a budget. It is easier to see red flags, at least when you have a budget. It's the same as seeing opportunities for other things when there is a surplus.
  • Finances should not be left to one to plan. The couple can also seek assistance for other financial matters beyond the budget - issues like life financial plans, retirement planning, estate planning, investment planning, etc.

READ MORE | Are you sabotaging your love-life?

However, Sindi does not recommend seeking advice only when you are in ‘trouble.’ 

“Seek advice when times are still good. There is ample assistance available from financial experts like Financial Advisers. In the event that you find yourself as a couple in trouble, there is also help out there from debt counselling experts," she says.

"It is, however, important not to let challenges stew for too long. Seek help. Accept that you may not the be the expert in the field of money management, therefore seek assistance as a couple."


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