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!
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!
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Budgeting Downloadables: mixedupmoney.com/shop
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Related Episodes:
Episode 37: How To Start Investing My Money
Sure, #selfcaresundays are good for the soul, but do you know what else feels good? Financial empowerment. So today we’re talking all things investing with millennial money expert, Jessica Moorehouse.
This is one of our most-requested topics and it’s no surprise why. In our recent Instagram poll, 80% of you said that you find investing intimidating — and we totally get that. A lot of us might believe that investing is only for super rich, middle-aged people, but we promise you that is not the case. It is SO key to start investing even the smallest amount while you’re young, so you can reap the benefits of those early investments later on in life. Hello early retirement!
This episode is brought to you by Dove
Sure, #selfcaresundays are good for the soul, but do you know what else feels good? Financial empowerment. So today we’re talking all things investing with millennial money expert, Jessica Moorehouse. This is one of our most-requested topics and it’s no surprise why. In our recent Instagram poll, 80% of you said that you find investing intimidating — and we totally get that. A lot of us might believe that investing is only for super rich, middle-aged people, but we promise you that is not the case. It is SO key to start investing even the smallest amount while you’re young, so you can reap the benefits of those early investments later on in life. Hello early retirement!
And as we learned in this episode, investing isn’t actually *that* complicated, so those who try to make it sound more difficult than it is have some sort of M.O. But we are ready to flip the script on that narrative to start building our financial skillset and investing with confidence!
Jessica is a millennial money expert, speaker, Accredited Financial Counsellor Canada®, award-winning blogger, host of the More Money Podcast and founder of the Millennial Money Meetup, a series of empowering personal finance events. Her mission is to teach others how to take control of their lives by taking control of their money and we are here for that!
Tune in to hear more about:
The basic investing terminology you should know
How to tell when you’re ready to invest
The different types of investments people can buy
Types of investing accounts you should open
How to invest if you don’t have a ton of money
Understanding your risk tolerance and creating a balanced portfolio
The benefits of investing in increments VS going all in
The top 3 things people should look for when investing in a company
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