Splitting the Check: How Couples Manage Their Financial Wellbeing

Wellbeing and Your Wallet

Affinity Federal Credit Union presents the Wellbeing and Your Wallet podcast! In the seventh episode, expert hosts Jacqui Kearns, Shawn Lubitz, and Grant Gallagher are joined by their colleague Jessica Hennelly to discuss her experience managing finances with her fiancé.

Jess kicks off the discussion with her top two recommendations for maintaining a good sense of financial wellbeing as a couple. She shares insight on goal-setting, budgeting, and what has worked in her relationship. The team weighs in on how they navigated their finances during wedding planning and the early years of their relationships.

Jacqui and the team then dive into family finances, what everyone does well and where they can improve. The discussion shifts to lifestyle purchases and how to budget for large expenses like vacations, home improvement projects and unexpected costs. They cover how financial personalities can affect spending and saving as a couple and what works in their families. Everyone weighs in on how they divide or merge finances as partners during different life stages and manage financial hurdles as partners.

Following the main discussion, Grant pulls a question from the Member Mailbag and the team answers the member-submitted question: My significant other and I are planning to move in together, but we have different incomes. Do you think that we should split the rent 50/50, or the person with the higher income pays more? In response, the team discusses the differences between couples and their own approaches.

To wrap up this week’s episode, Grant highlights Affinity’s mortgage options, which offer solutions designed for your financial goals with no lender fees!

Just a reminder if you have a question or comment for a future Member Mailbag segment, please send it to @affinityfcu on Facebook or Twitter with #MemberMailbag.

Rate, like, and subscribe for more from the Wellbeing and Your Wallet podcast. Visit www.affinityfcu.com for additional information about financial wellbeing and Affinity products.

Thanks for listening and be well.