13. Does Every Relationship Need a CFO & How Do You Combine Finances with Someone Part One

Hello! In today's episode we are answering the question of...

DOES EVERY RELATIONSHIP NEED A CFO AND HOW DO YOU MERGE FINANCES WITH YOUR PARTNER?

On today's show we are joined by two guests....drum roll please! Meet Ollie and Luke. The long-suffering partners of your two hosts who kindly agreed to share their experiences in this roundtable discussion about money and relationships.

This conversation is a little more casual than our usual episodes, as we share each persons perspective on their journey of combing their money with someone else. 

This is super important to start a conversation on because 1 in 5 people report relationship problems due to financial concerns, with the 18-34 age group reporting the highest degree of relationship strain due to money! 

So join in this roundtable discussion where we unpack...

In this episode we cover: 

• Whether your relationship needs a CFO
• How to decide who the best person for the CFO job is (without breaking up)
• When you need both people on board with a financial plan or budget and how to make that happen
• Getting your money values aligned and the problems you'll encounter if you don't
• Christine & Ollie share their decision and discussion around combining finances for the first time
• How to know whether you need a prenup and what even is being defacto?!
• How to not forgo your personal freedom whilst finding balance in managing your money together 
• Whether having security over your finances is the key to relationship calm

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Disclaimer:
Investing involves risk including the possible loss of principal and there is no assurance that the investment will provide positive performance over any period of time.

The information provided should not be relied upon as investment advice or recommendations and should not be considered specific legal, investment or tax advice.

Any information we provide is general only and current at the time of writing.

Kernel Wealth Limited is the manager and issuer of the Kernel KiwiSaver Plan and Kernel Funds scheme. The Product Disclosure Statements are available at www.kernelwealth.co.nz