PREPARE/ENRICH Australia Blog

Discuss the practical aspect of money – income vs. expenses

Conflict tends to grow out of a lack of understanding and communication around money and how it relates to a couples relationship.

Financial management is often a source of conflict for couples, causing tension when there isn’t enough, when it isn’t allocated correctly, and when there are different ideas surrounding its purpose.

If each partner is 'actively' listening to each other, they will be primed to acknowledge each others feelings when making financial decisions in the future and vice versa.

Another step towards understanding how money impacts a couples relationship is to discuss the practical aspect of money – income vs. expenses – and the responsibilities that come with it.

The balance that works for a couples relationship may not be completely equal, but that’s OK. The key is finding a balanced distribution that each will agree.

If couples need assistance getting out of debt, practical budgeting advice for today, or saving for the future – there are many resources available specifically to help them improve their financial management skills. A counsellor who specialises in financial matters or financial planner is a good place to start. The following website is a great local reference for tools, tips and guidance: www.moneysmart.gov.au

PREPARE/ENRICH has several resources to help you unpack and mine the assessment results. For more details on this exercise, refer to the PREPARE/ENRICH Couples Workbook.

Do you need help or assistance with using PREPARE/ENRICH or working with couples online, call us any time: (02) 9520 4049 or email: info@prepare-enrich.com.au.

#PREPARE/ENRICH is a customised online assessment tool that identifies each couples unique strength and growth areas. Based on their assessment results, a facilitator provides feedback sessions, helping couples to discuss and understand their results while teaching them proven relationship skills.

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