Recently, I was quoted in the Australian Financial Review discussing the rise of Binding Financial Agreements as parents increasingly help adult children financially.
In clinical practice, I’ve noticed the same trend. More couples are navigating financial decisions that involve not just two people, but sometimes three generations.
Why money is one of the biggest relationship stressors
Money represents more than numbers. It represents:
Partners often enter relationships with very different money narratives. Without discussion, conflict often arises from what money symbolises rather than the money itself.
The rise of the “Bank of Mum and Dad”
Across Australia, parents are increasingly helping their children financially. While generous, this creates complex dynamics.
- Expectations
- Asset protection
- Perceived fairness between partners
This is where conversations about financial agreements and boundaries begin.
The 5 essential financial conversations couples should have
Financial intimacy
Closing thoughts
Financial agreements can protect assets. But the strongest protection for a relationship is the ability to talk openly and respectfully about money.
The goal is not perfect agreement — it’s shared understanding and teamwork.
