FINANCES

It’s not uncommon to feel anxious when thinking about ‘the finances’, concerned over how you might cope financially if you were to separate, and worried about what you don’t know, especially if you’ve not really been responsible for or involved in them during your relationship.  But having a clear idea about your finances is a healthy thing, whether you’re thinking about leaving your relationship or not.

It can be useful to look at it from two different angles: assets and liabilities, which might include things like savings, investments, pensions, houses, loans, mortgages, etc.; and income and expenditure, which would include your income and the outgoings or day-to-day expenses—how much it costs to live your life.

Obviously, whether or not you are currently married will likely affect any financial arrangements if you were to separate. This is something you can clarify by seeking legal advice, as discussed in the previous topic.

Having clarity over your financial situation can help inform the choices you make, and make you feel more in control. Seeking the help of a financial specialist can help you identify your financial priorities and understand your options.

Use the worksheet to help you gain clarity over your finances.