Whether we like it or not, money can make or break a relationship. So it’s important for couples to be on the front foot when it comes to getting their finances in the best of shape. A Pronup is a detailed financial plan for a better future together and here’s why you can benefit from getting together with a Financial Planner to work on yours.
According to Relationships Australia, money is
a ? Pronup
How does it differ from a prenup?
A prenup is generally a legally binding agreement
Who needs a pronup?
What to expect from a pronup
It starts with a conversation about:
- What money is to each of you
- How you can join up your finances in a way that makes sense.
- What you have and what you owe
- What’s working and what isn’t with how you save and spend
- What money could help you do, together and as individuals
- Getting your finances organised
that soul searching and number crunching, you can breathe a sigh of
relief as you get back to the business of living. In the meantime, the serious
work is just getting started for your Financial Planner. They’ll be
sifting through everything you’ve shared to come up with recommended
steps for bringing you financial harmony and wellbeing through
developing financial goals, for now and the future.
Checking in as life takes over
As you get further down the path of commitment as a couple, life is only going to get more complicated. A key aspect of a Pronup is having a Financial Planner checking in with you and keeping track of your progress towards goals. You can get on with the exciting stuff while the money side of things is all taken care of. And as things change, your next conversation with your planner is the perfect opportunity to hit refresh on that list of goals.
By putting your heads together on your finances, you could bring benefits to your whole relationship and give both of you a chance to be clear about where you stand. Talking about your current money situation and future goals with a Financial Planner can be a great way to get you both on the same page and working together towards a better financial future.
Source: FPA Money & Life, 18 April 2019