Money Conversations Every Couple Should Have
FCAC's new "Life Event" helps couples plan and manage their finances together as they talk about living together, plan their wedding or look at saving for a home.
FCAC adds new financial resource aimed at couples to its online life event series
OTTAWA, March 21, 2012 /CNW/ - The Financial Consumer Agency of Canada (FCAC) has added to its online "Life Event" series and is now offering financial information geared towards couples. The tips, resources and tools in this new Living as a Couple Life Event help couples plan and manage their finances together as they talk about living together, plan their wedding or look at saving for a home. This new FCAC resource covers topics such as financial priorities, financial roles, and individual and combined cash flow. It guides couples through some of the most challenging financial topics that come up as their relationship evolves.
"Living as a couple has its financial advantages, but can also bring about its set of challenges," says FCAC Commissioner Ursula Menke. "Understanding and communicating openly about individual and combined finances in any relationship is key to defining financial goals, reaching them and ultimately reaping the full benefits of living as a couple."
The new Life Event highlights money conversations every couple should have with topics ranging from each partner's credit history to sorting financial roles. Easy-to-use budget calculators and worksheets help couples organize their household finances or financially plan for their wedding. Other sections provide easy-to-understand explanations of the choices available to couples when managing their finances, as well as information for couples on paying taxes, buying insurance and even signing prenuptial agreements or writing their wills.
Couples will find tips on:
- Planning your Finances as a Couple
- Couples and Money: Seven Financial Conversations Every Couple Should Have
- Defining your Financial Goals Together
- Planning your Wedding Budget
- Managing your Finances as a Couple
- Making your Household Budget
- How Couples Arrange their Finances
- Couples and Taxes
- Couples and Insurance
- Couples' Finances and the Law
- How Prenuptial and Cohabitation Agreements Affect your Finances
- Wills and Estate Planning for Couples.
With educational materials and interactive tools, the Financial Consumer Agency of Canada (FCAC) provides objective information about financial products and services to help Canadians increase their financial knowledge and confidence in managing their personal finances. FCAC informs consumers about their rights and responsibilities when dealing with banks and federally regulated trust, loan and insurance companies. FCAC also makes sure that federally regulated financial institutions, payment card network operators and external complaints bodies comply with legislation and industry commitments intended to protect consumers.
You can reach us through the FCAC Consumer Services Centre by calling toll-free 1-866-461-3222 (TTY: 613-947-7771 or 1-866-914-6097) or by visiting our website: itpaystoknow.gc.ca.
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Video with caption: "FCAC's new "Life Event" helps couples plan and manage their finances together as they talk about living together, plan their wedding or look at saving for a home. ". Video available at: http://stream1.newswire.ca/cgi-bin/playback.cgi?file=20120321_C5678_VIDEO_EN_11282.mp4&posterurl=http://photos.newswire.ca/images/20120321_C5678_PHOTO_EN_11282.jpg&clientName=Financial%20Consumer%20Agency%20of%20Canada&caption=FCAC%27s%20new%20%22Life%20Event%22%20helps%20couples%20plan%20and%20manage%20their%20finances%20together%20as%20they%20talk%20about%20living%20together%2C%20plan%20their%20wedding%20or%20look%20at%20saving%20for%20a%20home%2E%20&title=FCAC%20%2D%20Money%20Conversations%20Every%20Couple%20Should%20Have&headline=Money%20Conversations%20Every%20Couple%20Should%20Have
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