Fiducia Wealth Management
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There is little financial “training” around money in the UK. This absence promotes a lack of planning. Poor behaviour around money can seriously impact current financial stability and future wealth.  

We are not relationship counsellors. Instead, we like to think of ourselves as “money coaches” because we focus on having a positive financial relationship with money. Here are some examples of both good and bad money behaviour.  


Lack of Openness About Finances 

Unsecured debt, such as credit cards and loans, can be hidden by one partner from another because they do not want to appear to be “bad” with money.  

Instead, a joint approach to both assets and liabilities is likely to make for a stronger financial plan.  


Unwillingness to Adapt 

Individual finances will likely change significantly when a couple moves in together, especially if they are planning to have a family.  

Agreeing a joint budget that accommodates differences in say, monthly discretionary spend, is more likely to stand the test of time.

Overspending and Irresponsible Habits 

There can be deep seated reasons for overspending, such as a financially challenging childhood.  

A partner who refuses to stick to a budget or exhibits other irresponsible money habits could benefit from financial counselling.  


Unshared Financial Goals 

Clashing priorities may be left unspoken. One partner may wish for a larger house whilst the other wants more holidays.

Instead, a discussion over personal goals and a desire to find solutions will be helpful.  


Who Manages the Household Finances? 

There are two key aspects to this; saving and investing. Often one partner will undertake the burden of both. However, that makes the other partner vulnerable if the “financial administrator” of the couple dies. 

Instead, regular discussions around saving can be helpful when there are goals to achieve. Financial advice when investing is better when both parties attend.  



Communication is key when discussing money. However, it can be an emotive subject, as the above examples show.  

If you would like to discuss your financial planning with a trusted professional, contact our multi award winning team at Fiducia Wealth Management.