#114 Bryce and Lisa | How to combine your finances as a couple

07/31/24 • 57 min

Bryce and Lisa got together after knowing each other for years. After moving in, they realised they didn't want to live like housemates anymore. But they weren't sure how they could combine their finances.
Lisa was conservative and generally liked to keep her money saved. Bryce has run into debt on several occasions, and admits he always saw his money as his own.
After seeking guidance, they learned how to work together with their money, and how to set up their money life to achieve their goals.
In this episode, they reflect on their journey and share the big lessons they've learned in the process. This episode highlights how being deliberate and intentional with finances can strengthen relationships and help couples achieve their shared ambitions.
00:00 Introduction to Bryce and Lisa's Financial Journey
00:39 The Importance of Combining Finances
04:10 Early Relationship and Financial Challenges
06:09 Traveling and Managing Finances
10:55 Joining the money mentorship and Initial Impressions
13:09 Setting Up Financial Structures
19:25 The Benefits of Joint Accounts
25:08 Mapping and Forecasting Finances
26:53 Planning for Future Expenses
27:18 Intentional Decision Making
28:56 Reflecting on Financial Achievements
30:36 Refinancing and Financial Strategies
41:17 Career Flexibility and Creative Outlets
45:16 Future Plans and Personal Goals
50:54 Advice for Couples on Financial Unity
54:19 Conclusion and Final Thoughts

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Previous Episode

#113 The 6 Step Sequence for Funding ANY goal

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Mastering Financial Goals: Terry Condon's Six-Step Sequence
In this episode, Terry shares his six-step sequence for funding any financial goal. This framework provides clear direction and an actionable plan for achieving financial objectives. Terry emphasizes the importance of setting clear targets, breaking goals into manageable milestones, celebrating progress, cutting out unproductive behaviors and relationships, strategically finding and raising money, and anticipating potential failures. He also shares personal examples and success stories, and directs listeners to a downloadable worksheet to apply the sequence to their own goals.
00:00 Introduction and Purpose
01:45 The Six-Step Sequence Overview
02:34 Step 1: Set Your Sights
03:16 Step 2: Make the Mountain Smaller
07:12 Step 3: Lose the Deadwood
10:01 Step 4: Plot Your Path
19:18 Step 5: Travel in Tribes
21:44 Step 6: Foreshadow Failure
24:55 Conclusion and Next Steps
>>> Access the worksheet <<<<

Next Episode

#115 Britt Fox | How to get unstuck and use money to make life happen

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Britt and Luke have always supported each other to go after their goals. But they'd gotten caught up living life on defence. Lurching from one spot fire to the next and never looking up to define their own direction.
In this episode, Britt candidly takes us behind the curtain to show us how they pushed forward and created their own momentum.
And how they forged a financial foundation they could build on to make Britt’s business dream a reality.
If you’re feeling stuck in a reactive stance, and sick of living life on the back foot, this episode is for you.

Money Minded - #114 Bryce and Lisa | How to combine your finances as a couple

Transcript

lisa---bryce_1_01-23-2024_15420600:00:30.480

Bryce had his own home. He'd already bought that. I'd been saving this big nest saving towards buying my first place, but then it was like, well, if I'm moving in with you, what do we do for this money? It is a pretty confronting conversation or can be, I guess, a little bit nerve wracking to start that conversation. like we would try and sit down and talk about it. We're pretty open, but at the same time I felt a little bi