Honey, let's talk money with Betsy Westcott

We’ve all felt how awkward it can be to talk about money in relationships but it’s such an important conversation to have early and often in order to avoid any issues or misunderstandings down the line.

In today’s conversation, I’m chatting with Betsy Westcock, a superb financial wellness coach in Sydney, who explains why it’s never too early to have that uncomfortable conversation. We need to discuss everything from how to pay for a date night or a weekend escape to all of our dreams, big money goals and spending priorities.

Now I know how people tend to avoid talking about those dreaded numbers, in fact, the Ladies Finance Club conducted a poll that showed one in five people didn’t even know how much their partners earned so Betsy’s advice can not come any sooner! 

Betsy covers the importance of discussing how money will be managed on a day-to-day basis, what each partner brings to the relationship, what goals the couple has and what would happen if one of you loses your job, stays home with children, or gets sick.

We all have different financial backgrounds and mindsets so by chatting about how bills will be split, how to manage unexpected costs, and how to put money towards long-term and short-term goals, you’ll always stay on the same page and not start to resent your partner. 

Life can be so unpredictable so we have to prepare for any unforeseen circumstances by maintaining our financial autonomy, even when we’re in a relationship. Betsy is here to help you out with many useful apps and strategies to establish your financial independence and help manage any shared expenses.

Listen in for all of Betsy’s tips to structure your regular money conversations as a couple to stay on track, grow together and achieve your financial goals with joy!

 

Resources mentioned:

App: Beem It

App: Splitwise

 

CONNECT WITH BETSY WESTCOTT

Website: https://www.betsywestcott.com/

Instagram: @betsywestcott 

LinkedIn: https://www.linkedin.com/in/betsywestcott/ 

 

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