Handout 27
Financial questions
TABLE OF CONTENTS | MAP | CSA HOME
1. What does money mean for us in our relationship?
- How have I been influenced by my past experiences with money?
- Am I aware of the influence that our peer group has on our spending?
- Am I accustomed to buying expensive gifts? How much is expensive?
2. What do we intend to do about savings and investments?
- While saving, what sacrifices am I prepared to make?
3. Are we going to budget? Who will be involved - one or both of us?
- Who will pay the bills and when?
- Will we use credit cards or charge accounts?
- Will we have one or two cheque accounts? If only one, who writes the cheques?
4. What is our understanding and feeling about assuming each other's outstanding debts and ongoing commitments incurred before this relationship, for example, car loans, education loans, and child support?
5. What is our financial planning regarding a reduction from two incomes to one income, if children are living in the household or we have children of our own?
- How would I feel if I became unemployed?
- How would I feel if my partner became unemployed?
- How would you feel if your partner's income was higher than yours?
- How would you feel if your children and your partner's children had unequal financial support (for example, schools, holidays, clothes).
- How would you feel if commitments to existing children resulted in less financial resources being available to start a new family?
6. Do we have to be accountable for everything we spend?
- Will we both have some money that we can spend independently?
- How much can we spend without talking it over first?