Is your relationship financially sorted?


Mummy says …’Relationships can be tough. ( I should know!) and  we all have to admit that any relationship comes with its ups and downs.

To ensure that your relationship remains in the best possible place, it’s crucial that you communicate and discuss all the important things, however daunting that may seem.

Did you know that money is one of the main causes of breakups within relationships? It might seem surprising but, when you think about it, dealing with our own individual finances can be stressful enough, so when you bring someone else into the equation, it’s easy to see how tensions can flare.

This is why it’s so important that you ensure that your relationship is financially sorted, and that it stays that way. Luckily, Mrs Moneypenny from Channel 4’s Superscrimpers has shared her expert advice on money and relationships

(for more information click here).

Here are some of Mrs Moneypenny’s tips that are really useful when ensuring that your relationship is financially sorted…

1.Establish your attitudes to money

As with anything, it’s only natural that you and your partner will have slightly (or significantly!) different attitudes to money. And, as with anything, to avoid this becoming a major issue, it’s important to figure out where you agree and disagree, and how you can both take each other’s attitudes into account in order to form a united approach.

2.Be honest and open

So you’ve had a few financial issues in the past? You’re certainly not alone. The most important thing is that you are open and honest about your financial situation so that you are able to tackle any problems head on, together. It might sound scary, but it really is essential.

3.Credit Report

If one, or both, of you does have any areas of concern, you should be aware that, if you enter into any financial commitments, such as joint bank accounts, they will impact on both of your credit reports.

For this reason, Mrs Moneypenny suggests that it’s a good idea to actually take the time to sit down together and go through each of your credit scores. As well as providing the perfect opportunity to identify any issues or potential problems, it will also give you an idea of how likely you are to secure joint credit when it comes to applying for mortgages, loans, etc.

4.Establish ground rules

It might sound extreme, but when you have joint financial responsibilities, it’s no longer acceptable to splurge on a new designer bag, or a last minute holiday, whenever the mood strikes. Now you’ve made a financial commitment to one another, your actions have an impact upon each other, and so you must consider each other’s feelings and opinions.

Something that is a good idea to introduce, as suggested by Mrs Moneypenny – money advice, is to agree a spending limit. Anything that comes under this figure, whatever it may be, can be bought by you or your partner, without needing to consult the other one. If, however, you are tempted to buy something over that limit, it has to be discussed and a joint decision has to be made.

As well as spending, your ground rules also need to outline responsibilities in terms of bills. Which bills will be split? And which will remain one person’s responsibility? It may seem straightforward, but when you really start to think about it, it’s not that clear cut.

Do you have any other tips to add?





  1. USeful advice and doesn’t surprise me that money is such a cause of stress. After year’s of living with a financiaol car crash, Mrs Adams and I are just beginning to get our finances sorted out. It’s so important. Interesting post. #PoCoLo
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  2. Thanks for sharing on #PoCoLo. So important to be honest about finances x
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  3. This is a useful post. I’ve really had to think about my attitude to money, else me and my husband would have divorced a long time ago. It’s been a good thing for me to evaluate, it’s just a shame it took me until I had a partner to think about it 🙁
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  4. This has been interesting, it’s not something I’ve ever really thought about! Might be some handy tips for the future 🙂
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  5. I leave all the money side of things to my other half, as long as I have a bit in my purse I’m fine 😉
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  6. It’s important to be on the same page as your partner when it comes to money. An honest talk is sometimes hard but best I think!
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  7. Some really useful advice. I often wonder what it must be like to be really well off and wonder what to do with yourself everyday… I wonder if it ever gets boring!
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  8. This is important advice – all of it. I especially think it’s vital to be honest and open as you say and to know who is responsible for what.
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  9. I think when you become parents its probably one of the biggest tests on your relationship. We learnt a lot about each other during those sleep deprived months (years!) x
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  10. Thanks for sharing this post some very good information.And its so important to be honest with each other.

  11. I have a top tip – seperate bank accounts 😉 Seriously great advice here.
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  12. Interesting and useful. Thanks for sharing
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  13. This really interesting, I imagine money can cause a lot of stress. My husband and I, luckily, have fairly similar attitude towards money. Some really interesting points to consider and all very sensible!
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  14. Fantastic advice….Money is probably the only thing my fella and I ever argue about. It is rare though….
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  15. The only thing we need to sort is our wills – must get round to doing it
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  16. Thankfully me and the husbeast are on the same page when it comes to finances. I am not sure how I would manage it we weren’t

  17. Myself and my husband are sorting our phonics and it is such a relief to be open
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  18. Some really really good advice here x
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  19. This is really good advice. I’ve been married for 20 years and my husband and I have similar attitudes to money – most of the time – so we rarely disagree over finances. The main thing is to be honest and open about it, I think.
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  20. having the same approach is so important i think.
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  21. These are such great tips and such useful advice. Money almost broke our relationship until we sat down and actually spoke about things and laid things out. We’re both working on saving for a house at the moment and building our credit scores. But my OH is finding it really hard to get into a habit of spending sensibly because he lived financially independently for 23 years! But we’re getting ther and he’s actually enjoying saving. 🙂 x
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  22. I think you’re right it’s about being open and honest and I think it’s trickier if one of you decides to be a stay at home parent too. We pool all money into one pot and do budgets for everything from groceries to children’s activities. We also have a small ‘pocket money’ budget each that we can get things for ourselves without asking the other’s permission that is nice too if you want to save for that handbag etc.
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  23. Excellent tips. Rev T and I have occasionally done marriage prep with couples in our church and it’s amazing how few of them have discussed money. (Or other biggies like children etc). Even the ones who’ve been together ages! #thelist
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  24. I am not at all surprised that financial matters cause stress with in relationships. Particularly, as a lot of relationships are now beginning later in life, when we’ve all got a bit too used to our own way!
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  25. Such a useful post and I totally agree.
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  26. This is a great post – money is something we all need and it can cause such issues.
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  27. Some good advice – the credit reports is a good one as it will mean you both have a clear idea of the other’s attitude to debt.
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  28. Some great advice here, always good to have the same attitude towards money and debt. Doesn’t always happen but at least we try!
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  29. Some great advice good to be thinking on the same page in regards to money.
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