15 Money Questions You Need to Ask Before You Become a Parent

Money might be the last topic you would want to bring up, as you would much rather prefer to discuss the latest episode of your favourite series, or a funny video you might have watched. However, like it or not, finances are important as they are a huge part of our lives. Which means that they’re also part of your relationship.

Money decisions need to be made and these go way beyond who will pay for the next dinner delivery. If you’re stumped about where to start, we’re here to help!

Try to make money a subject you talk about early in your relationship, as challenges will surface when you least expect them. Asking important money questions will help you to avoid any problems you may come across down the road.

Here’s a list of 15 money questions to ask your partner before taking the next step. So: Pour yourselves a drink, cosy up on the sofa and kickstart that long awaited conversation!

The 15 money questions to ask your other half:
  1. Do you have a concept of saving?
  2. Do you have any money saved up already?
  3. What do you like to splurge on?
  4. What splurge would you never give up?
  5. Who will be in charge of paying the bills?
  6. Do you have any debt?
  7. Would we have a joint bank account, or would we keep everything separate?
  8. Do you agree on having an equal say on how you use our money as a couple? Consider yourselves buying a house, making investments, paying for childcare, holidays, etc… Will this be equal no matter who earns more?
  9. How much do you want to put aside for emergencies?
  10. How did your parents handle money? Did they ever discuss it with you?
  11. What do you think is worth spending money on in a home? Consider rent, groceries, home décor, home essentials.
  12. What happens if you want children, but cannot conceive? How much would you be willing to spend on fertility treatment or adoption?
  13. If we have kids, do you have a preference for public, church or private schools?
  14. Will we both work fulltime if we have a baby? If one of us stays home, who will it be?
  15. Will we have help once any future children come, or will we need to pay for it?

These questions will help you determine whether both of your futures align. They will also make other significant conversations like moving in together, buying your first home, marriage and children way easier to discuss.

Good luck! We know you’ve got this!

For more expert advice and guidance on a range of subjects, visit our Island Experts section.

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