Uncovered… Money

Money can cause a lot of stress in a relationship; one of you might enjoy spending spontaneously on whatever you fancy, happy to use cards to pay for things; whereas the other might prefer to be more cautious, saving every penny.  

It’s likely that a couple’s different approaches will cause friction and arguments at some point.  

But it is possible to manage your finances with confidence together, so you can make money work for you and both enjoy spending it on the things you want.  

 Honest open communication grows understanding  

It’s really important to talk openly and honestly about money, even if it feels slightly awkward.  Having a conversation early is likely to head off problems further down the line. It will also help build understanding and set shared goals.  

It’s good to start by finding some shared goals; a dream holiday, being debt free, buying a home/moving to a bigger place… 

Other important things to talk about might include: debt and savings; how you feel about combining your finances and what you think about sharing income / expenses. It’s also worth talking about what money means to you and your experiences growing up because these shape our behaviour.  

Don’t hide anything, if there are any problems eg a poor credit history or a debt then you’ll build trust by bringing it into the open.  

There is lots more about talking with your partner in our blog: 10 tips to make talking about money with your partner a little bit easier. 

Agree how you want to manage finances to build trust 

There are lots of ways of managing money as a couple: joint accounts with everything shared; , separate accounts with shared bills; main earner gives the partner an ‘allowance’; separate finances with some things shared…  

There is no right or wrong way, all have pros and cons but can be risky for couples who are just getting together so you might want to start with one idea and see how it goes, you can always change the way you do things later as you grow in trust.  

Make a plan together to make money work for you 

It’s not rocket science, couples who make joint decisions around finances have fewer problems and more likely to experience harmony at home.  

Drawing up a budget together is the best way of managing money because: 

  • If done properly you’ll know what money is coming in and going out so you don’t spend more than you earn, possibly ending up with debt problems. 
  • You’ll know what you can afford to spend and you’ll see where you can make savings.  
  • You will also be able to work out what you want to save and ‘give’. 
  • You can plan for the future, for your long term goals.


Often budgets don’t work because people use figures for a ‘typical’ month, which doesn’t allow for emergencies, holidays, saving for the long term and more. Toucan Together’s Money Module gives you a comprehensive free budgeting tool, practical guidance for completing it and money saving tips.  

Track your spending and enjoy it! 

If you’ve spent time drawing up a detailed plan you’ll be able to enjoy spending what you’ve planned!  

 Track your plan against spending and review it regularly, which might be monthly at first and then only once a quarter or annually as things settle.  

 Make your review times enjoyable, perhaps over favourite coffee takeaways or other treats. Spot red flags and take action. Adapt to changes in your relationship, eg buying a home, having a baby… 

Learn new skills to get the most from your money 

Managing money well can bring freedom, peace in the home and greater security. It can also help you become, or stay, debt free; save; give generously and achieve financial goals. It’s worth learning new skills to plan and manage money even better.  

Toucan Together’s  Money Module will frame positive conversations around important areas: what money means for you, what you experienced about money growing up and spending priorities. The module also gives practical insights and tools to help you with savings, handling debt, building budgets and managing change.  There are helpful tips and videos where couples honestly share their stories. GET STARTED | LOG IN 


Check out this short social media video produced by Premier Radio for the Uncovered series:

Christine and Mark Daniel from Toucan Together speak to to Premier Radio’s Maria Rodrigues about the need for good communication when it comes to managing money together.

This content is supplied by

Toucan Together

The app for couples | strengthen and grow your relationship. Develop life-long relationship skills: discover deeper ways to communicate ● find positive approaches for resolving arguments ● learn to speak each other’s Love Languages®️ ● build friendship, intimacy and a great sex-life ● develop constructive ways to manage money together ● grow through relationship challenges ● strengthen commitment and trust. Enjoy interactive content plus loads of great features, including video clips of real couples sharing honestly and openly. Start by taking the ‘Pulse’ of your relationship with our short research based quiz and see the health of your relationship across 7 key indicators.

This Uncovered by

Christine Daniel, Project Manager at Toucan Together

Short tips

  1. Set aside time to talk about money: debt, savings, what money means for each of you – be gentle when you talk, focus on listening to understand.  
  2. Agree HOW you want to manage finances: what’s joint, separate and what’s shared – then do what you agree to do, to build trust. 
  3. Make a plan together on what to spend, save, give, to make money work for you – draw up a comprehensive budget of income / expenditure. 
  4. Track your spending and enjoy it! Review your budget regularly; annually, quarterly or monthly depending on circumstances.  
  5. Learn new skills to get the most from your money by using Toucan Together’s Money Module. It will help you talk constructively AND gives you money management tools. Best of all it’s FREE! 

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