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

702 logo702 2018-09-14 Kabous le Roux
a man standing in front of a building © Provided by KFM Radio a Division of Primedia Pty Ltd

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.

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

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

  • 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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