A Money Coach in Canada

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In my early adulthood, my dad pointed out that in addition to love, marriage is also about becoming an economic unit. Having spoken to numerous couples about their finances, I have to agree. I asked my friends over at DivineMatchmaking about their experience setting couples up –where did the financial aspects come into play? Check out their response, and if you have had experience either starting a relationship (like Krystal) or well into the relationship and sifting through how to work cooperatively on finances, I’d love to hear, so leave a comment below.

492860503_8302fe054f_m.jpgEveryone knows that money can be a deal breaker. Most relationships end in divorce due to money matters or infidelity, and it is because of this that couples need to be aware of and focused on their financial situations before taking it to the next level; and they must also know how to manage the green situation once they’re in.

Here are a few basic tips for sorting out the small stuff, before it becomes big:

1. Openly discuss your finances with your partner, and develop a plan. Do you want joint bank accounts or separate? One car or two, etc.

2. Understand each other’s credit history so it’s no surprise when you go to buy that house together.

3. Give yourselves time to save up to buy that new house

4. Get debt under control before making the plunge.

5. And most importantly, stay focused- don’t let money problems get in the way of your love for one another. Life is too short.

Money is one of the last things you want to talk about when you’re falling in love, but the first thing you should talk about when things get serious. No longer do we live in a society where the husband is the sole breadwinner and the woman is the homemaker. Today more than ever, people entering into relationships share equal weight of financial responsibility, and most likely bring something to the relationship whether it is a little security or a lot of debt.

Especially in today’s economic and cultural situation (i.e. the bigger the better), it is important if not essential to know how, when, and to what extent you and your partner have to manage your money. Money matters have become both a blessing and burden; couples are more likely to discuss their sex lives than the state of their bank account.

Bottom line: money does matter; managing money in an economical, functional, and appropriate way can make or break a relationship.

Divine Intervention. Matchmaking of the Highest Order.

Readers – what do you think?  Are relationships as much about being an economic unit as love? 

About the Author


Imagine if Canadians were known for being all over their money. Engaged. Proactive. Getting out of debt. Savvy. Saving. Generous. Nancy wants to help. Nancy started her own journey with money over 15 years ago, and formed her company “Your Money by Design” in 2004 to help others along the same path. It’s not the usual financial advising/investment stuff. It’s about taking control of day-to-day finances –managing monthly cashflow effectively, spending appropriately, getting out of debt, saving. If you're ready to take control over your finances, pop by her business site, YourMoneybyDesign.com

Thursday Guest Post: a professional matchmaker talks about money and love Comment

  1. anonymous

    I have been thinking about your blog item on marriage and finances – actually, you keep making me consider lots of aspects of our marriage. And why we are so happy. And what on earth makes it tick.

    As you know N and i have not handled our finances in a way that has gotten us ahead much. And it has been a source of some tension over the years. But I think there is a bigger picture to consider than just “financial fidelity” We heard the term”financial infedelity” on the news last night and that caused a bit of a discussion between us.

    I think a big thing is that we know everything there is to know about each other and have always had that in our marriage. At times I have secretly “saved’ some extra money for a special reason – such as a gift or something i want to save for but not for long. And I always have had a slight sense that it wasn’t right to be doing that. When we married, after 3 years of being engaged and seeing each other almost every night (just a bit obsessive!!) we knew each other well and there weren’t any secrets between us. That doesn’t mean we agree or even think the other person’s idea is best but at some point we decide to go one of the two ways and then that is it. N is better at that than I am – he seems to just get on with life while i have to have a bit of time to pout and be the emotional one of the mix!

    I also pray about our decisions and actions a lot – especially if I think they aren’t the best. I have the belief that God is big enough to take care of that too – and often his way is to just get me to relax – and things work out fine – so much for having the better idea!.
    I don’t know if any of this makes sense or is helpful. Feel free to ask questions – I don’t mind answering and we both are finding examining our marriage really interesting. I think our modern culture has it so really wrong – in many ways – but that statement makes me sound so old……… I think I am really blessed to be married to N and I think he would say the same.

    [Reply]

    Feb 24, 2008

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