Five money mistakes couples make

Love and money don’t always go together. The problem is that money matters are often the last thing on starry-eyed lovers’ minds. It seems clear to them that their future is going to be perfect – they are the ideal couple after all…


The truth is that differences about your finances can dim those stars in no time. In fact, money trouble is one of the foremost reasons for divorce! Keep your relationship safe by avoiding these five money mistakes:

  1. Not discussing money matters before you tie the knot

    People differ in their views about money. While you may be an ardent saver or investor, your partner may see nothing wrong with spending more money than you on entertainment or luxury items. Decide how you will manage your finances before making your relationship permanent.

  2. Sharing bank accounts, unless it is for household expenses.

    You can share an account to pay your municipal accounts, your domestic worker or groceries. Make sure you have your own current, savings or investment account.

  3. Not having your own financial plan

    “Till death do us part” is not a realistic premise.  Discuss your personal money plan with your partner regularly, planning your financial future together, while always ensuring that you can continue on your chosen path should your ways part. 

  4. Hiding your finances from your partner

    This shows a lack of trust and respect in your relationship. Be honest about your earnings and expenses, but have some money allocated for personal spending. 

  5. Not budgeting together

    If you do budget together, it will become clear how exactly you can share your financial responsibilities and what your priorities should be.