Wednesday, December 27, 2017

Tips in Doing Financial Planning with Your Spouse

Couples who do financial planning together stay together. When you are more open about your financial matters with your spouse, you strengthen your relationship. So many couples end up breaking up because of lack of communication in the financial aspect of their relationship. 

When doing financial planning with your spouse, here are some tips to keep in mind:
1. Get the help of a third party.
A Financial Planner in Vancouver such as Chalten Fee-Only Advisors can help you in making agreements on what to do with your finances. By having a third party such as a financial planner in Vancouver, you can both see eye to eye on what to do with your finances.
2. Make a written agreement. 
Whatever you agree on, write it down. If you make agreements on your spending limits, it’s better to have it written down so that it becomes more valid and both parties become more inclined to follow it.
3. Determine your priorities. 
List down your priorities. By knowing your priorities, you can set down goals that you will want to achieve. If you plan on getting a house, that should be included in your priorities and should be planned for so you can save up for your down payment.
The role of a financial planner in Vancouver when it comes to helping couples understand their financial standing and their financial responsibilities can’t be replaced. So if you want to improve your financial status as a couple, get the help of a financial planner and start sorting out this aspect of your life.
To know more About Financial Planning in Vancouver Please visit our website: chaltenadvisors.com