Best – 13 August 2019

best for CASH ADVICE

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5 ways to talk to

your partner about money

1

JUST START

There’s never a

right time to talk

about money, so if

there’s someone

you want to talk to – whether

it’s a partner or a friend,

colleague or family member

• just grab them and start. If
  something is worrying you,
  have a think about what you
  will say in advance.

3

BE HONEST

Not being honest

about how much

something costs

or hiding receipts

from your partner may seem

innocent, but it’s important

to be transparent with each

other. It’s your money, so

you shouldn’t have to feel

guilty about spending it

or have to hide that from

anyone. It can also help open

up the conversation, stop

arguments, and help address

any problems so that you can

tackle them together.

4

CREATE SHARED GOALS

Goals are important, so know what

you want to achieve together and

what your individual objectives

are, too. You may choose to save

together for some things and keep other savings

separate. This can help you both understand

what’s important to each other. To help couples

open up the conversation about money, Lloyds

bank has teamed up with actor, comedian and

illustrator, Jessie Cave, to create a series of

animations showcasing tips to get started.

See lloydsbank.com/mword for more.

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The days of joint finances

may be dwindling (Netwealth

found 29 per cent of women

prefer to manage their

wealth independently),

but however you feel about

sharing financial assets,

communicating well about

money is crucial in a

long-term relationship...

2

MAKE A DATE

It’s important you make talking about money

with your partner a regular thing. Schedule

dates in your diary to discuss everything

from bills to spending. Talking about money

gives you the opportunity to address any concerns and

even help work out your shared living goals.

YOURS,

MINE, OURS

Just because you’re in a

long-term relationship, it

doesn’t mean your money

has to be tied together. It’s vital to

remain independent, but also consider

an account for joint spending such as

purchases for the home. Make sure to

check they have a good credit score; if

one of you has a low score, then it

will impact the other. Check for

free at Experian, Equifax

or TransUnion.

Join our campaign and

get your finances sorted

at hearstmagazines.co.uk/

ffbest for money-saving

tips and brilliant advice

on being financially

savvy.

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