The benefits of discussing money in a relationship

The foundations of a relationship are built on trust, so having conversations about how you manage your finances can be vital� By being open with a partner about money, there are a great number of benefits that can help to support stronger financial planning for the future�

Here’s why:

• In a tough economy, every little helps. If you and your partner share a household, knowing just how much is being saved – and spent –can help you budget smarter and soften increased costs�

• Agree your long-term goals. Having a shared objective for saving is a great start to forming a financial plan� Whether it’s a dream home – or feeling financially secure in retirement�

• Better understanding. We all have our own experiences with finance – so being transparent and open about money is often the best way to get on the same page� It’s ok if you don’t have all the answers!

• Building trust. Being able to openly discuss money with a partner can help make frank and difficult discussions easier, whilst building trust� These could include planning a Will, consolidating outstanding debt or discussing savings�

Will writing involves the referral to a service that is separate and distinct to those offered by St� James’s Place� Wills are not regulated by the Financial Conduct Authority�