Kim Potgieter, qualified financial planner, specialising in retirement explains the findings that cash-related issues are now the number one cause for divorce.
It's not actually the money they fighting about, it's the power that goes with it.— Kim Potgieter, qualified financial planner, specialising in retirement
Potgieter says money should ideally be discussed prior to getting married. She says communication is key between couples when laying our their financial plans.
Some of the questions Potgieter encourages couples to ask themselves are:
What does money mean to me?
What does money represent?
What are the money messages you learned as a child?
Potgieter adds that she also advises clients to make their financial goals and expectations explicitly clear, plan for their expenses (no matter how big or small) and refrain from hiding their money from one another.
Listen to more of Kim Potgieter explaining how money can ruin a marriage in the audio below: