“Is mixing finances with love a smart idea? Am I asking for trouble?”
Alright, so you and your other half are taking that big step. You have made the decision to combine your finances. Striking a harmonious balance between practicality and the nitty gritty of money can easily give anyone the sweats.
The list starts from personal spending, the essentials, bills, living expenses, debt repayments and saving towards your goals. Depending on your situation, the list can keep going! Money management is already so very multi-faceted, this goes up several pegs when we consider finance within a relationship. Suddenly, it isn’t just about you and your goals.
Combining finances can often be a daunting time for couples, this new chapter is certainly a leap. Here are some things to consider when combining finances with your other half:
We get it, it is a lot. That is exactly why you should be navigating this new territory with a trusted financial adviser. With a proper plan and process in place, you can keep both your relationship and finances happy and healthy.
We here at Visia Financial Services are pros at helping you smoothly settle into this transitional period. We create a full-proof plan and make sure that both parties are accountable. We are realistic and tailor our services to suit your goals as a couple. So, what are you waiting for? Contact us today!
Kora Drage is an Authorised Representative of Financial Wisdom Limited ABN 70 006 646 108, AFSL 231138. The information contained in this article may contain general advice. It does not take into account your financial circumstances and objectives. You should consider talking to a financial adviser and read the relevant Product Disclosure Statement (PDS) before making a financial decision. Any views and opinions provided in this article may not reflect the views and opinions of Financial Wisdom Limited.