Merging finances with your partner means planning together
Talk to me
Knowing each other’s priorities is the first step towards sharing goals. You won’t get to the same place if you aren’t on the same path. If one of you wants a baby more than a holiday, it makes sense to talk about that now.
So take your time. Perhaps one of you is more of a saver than a spender. That’s OK. There’s room for compromise before you settle on what’s right for both of you. Maybe you plan for a trip to Disney Land in a few years, with the kids. There are more interesting things to fall out over than effective salary packaging.
Stronger together
You may already share some things, like joint bank accounts. This might be the right time to take it to the next level, including an achievable household budget, financial paperwork and making sure you get the most from being a couple, including everything from insurance to spouse super contributions, if it’s right for you.