Do you struggle to talk to your partner about money? A good way to begin this dialogue, especially after past dishonesty, is to build a financial plan together. The plan itself isn’t as important as the process of planning; sitting down with your partner and discussing your hopes and dreams, your goals and your financial fears. Consider involving a professional financial planner to guide this process, ideally one who charges explicit fees. I wrote a blog post about it, if you want some guidance: sambeckbessinger.com/how-to-find-a-financial-adviser-who-doesnt-suck
Also keep in mind that this conversation needs regular revisiting. Although it’s dorky, I highly recommend scheduling a monthly or quarterly ‘money check-in’ with your partner where you reassess goals and spending.
There’s no one best way to share financial information in a relationship, because…
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Fairlady South Africa (Digital) - 1 Issue, Mar/Apr 2024