News Release Article from  Financial Consumer Agency of Canada

Money Conversations Every Couple Should Have

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3/21/2012

FCAC adds new financial resource aimed at couples to its online life event series

Ottawa, March 21, 2012 – 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:

FCAC's full Living as a Couple life event is available online at itpaystoknow.gc.ca.

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Media relations:

Julie Hauser
Media Relations Officer
613-941-4168
julie.hauser@fcac-acfc.gc.ca

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