Episode 47: How To Manage Money In Your Relationship
From discussing salaries and the cost of homes, to splitting the bill and vacation-planning, it’s NEVER easy to talk about money. But it’s super important to get comfortable doing it—in a 2018 Fidelity Couples & Money survey, 46% of couples admitted that money was the biggest challenge in their relationship.
The key is figuring out how you want to structure your finances *together*, so you can contribute and save towards important goals, and still have your own financial independence—which we’re all about!
So we called in Alyssa Davies, the mastermind behind award-winning Canadian personal finance website and YouTube channel, Mixed Up Money, where she dishes out financial content for women who care about their money.
Alyssa published Her first book, The 100 Day Financial Goal Journal, in 2020, and launched a personal finance podcast with her husband, Learn From Us, where they make talking about money feel less awkward and more relatable by sharing their own tough lessons.
Listen in as we chat about:
How to start talking about money with your partner
Different ways to structure your accounts together
How to protect your assets if your partner moves in
How Cailyn navigated money with her husband
Alyssa’s advice for couples who have moved in together
What to do if you have different spending/saving habits
How Alyssa manages money with her husband
Key money goals couples should have
Why prenups don’t need to be a “scary” thing
Alyssa’s tools for successful budgeting with your partner
We hope this episode inspires you to have those important money chats with your partner!
Follow Alyssa:
Budgeting Downloadables: mixedupmoney.com/shop
