Finances and Philosophy: Questions to Ask Your Partner Part 2

Romancipation

S5 Episode 1: Finances and Philosophy: Questions to Ask Your Partner Part 2

Episode Summary

Engaging in conversations with your partner about your family’s financial health are necessary and important. You are entitled to know what is going on, and choosing to stay ignorant or clueless is unacceptable and dangerous. Having a clear picture of what is realistic in terms of spending, saving, investing, debt and earning power is an important part of being a Romancipated person.
Openly discussing fiscal matters with your partner is healthy and productive. It allows you to make thoughtful and informed decisions. Speaking with your partner about money should happen at every stage of the relationship. As people evolve, so do their monetary habits and philosophies. As circumstances change like the birth of a child, an illness or job change, new fiscal realities will emerge.
Asking questions is a great way to gain valuable insight into how your partner ticks, what motivates them and how they view you and your relationship. By taking personal responsibility for your financial wellbeing, you can avoid many unnecessary and costly mistakes. Work within your means and be thoughtful and fair about what economic decisions you make.
At the end of each episode, Marlee and Lis vent about commonly experienced issues in romantic relationships. In this episode, the ladies discuss how it feels when your partner expects you to be the one in charge of purchasing gifts for everyone.

Show Notes

In this episode we’re continuing the conversation about finances and philosophies. Knowing whether or not you’re on the same page in terms of your financial habits and values starts with a conversation—and it’s a conversation you should have early on in your relationship.
In the beginning stages of your relationship, it’s important to ask your partner if they plan to have children, and if so, how many. With each child, household costs rise exponentially. You may need to invest in a larger home, a larger vehicle, education, and more.
How much money can each of you spend without having to consult one another? What’s a fair cost of a vacation? Are you okay with bringing your own lunch to work to save money? These are all important questions to ask. If you’re both on the same account and one person is comfortable spending into overdraft, the other person should know.
Money management is an important topic too. Each person has their own way of managing their money, from budgeting to prioritizing certain expenditures. Does your partner outsource their money management? Are they a spender or a saver, and what do they consider a necessity? You may not agree with your partner as much as you might think, and that’s why it’s so important to ask these questions in the initial stages of your relationship.
In this episode, the vent session topic is: When your partner expects you to purchase gifts for everyone for every occasion. Women tend to be the default gift buyers, and there’s a lot of stress that goes along with it. It’s laziness on your partner’s part. Expecting your partner to always take on this task is unfair and oversteps boundaries.
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