His Money, My Money, Our Money- Tips For Young People Building a Life Together

Money can be a sensitive topic at the best of times, and it can be awkward to initially approach as a couple, especially in the early days. However, finance is a fact of life and as a couple, your finances will inevitably be intertwined.

Here are some foundational tips for you.

1. Discuss Your Finances Early.

It is important to make sure that you and your partner have similar values and priorities, including your finances.

Discussing what is important to you both financially in the short, medium and long term can help you plan how you can approach your finances together.

Have open conversations, explore the possibilities and from there you can start planning your future.

2. List your Goals

Once you’ve understood each other’s wants, you can start setting some goals so you can reach them. They may be short term, they may be long term...but if you don’t set a goal, you’re not going to get there.

3. Life Insurance & Disability Insurance

We never want to need to make use of our insurance, but when it is needed, you’ll be thankful that it is there. The last thing we want to do is burden our loved ones, and insurances can help to remove the financial burden in the case of severe injury or even death.

There are many options available when it comes to insurance, and it is hard to navigate everything that is available in Singapore. That’s why people like me exist, to help you find the best option that is most suitable to your needs.

4. Save & Invest

You’re in this for the long haul, and when you plan to reach your goals together, they become amazingly achievable.

Moreover, when you start to plan together earlier, time becomes your asset and the power of compound interest supercharges your savings and investments...meaning you can look forward to life’s milestones such as; upgrading your home, children, your children’s education, retirement years...all with peace of mind that you are on track together.

Grow With Belle and I’ll help you make a roadmap of your financial future together as a couple and a future family.