How couples' money habits may make or break house hunting

Buying a home is one of the biggest financial decisions anyone will ever make in the course of their lives, but many couples quickly discover that they don't see eye to eye on money.

- By Boitumelo Kgobotlo

René Roux, general manager for client and intermediary engagement at Sanlam, said they have developed a money personalities artificial intelligence tool to help people understand how their upbringing, habits and character influence the way they handle money.

The tool identifies seven financial personalities, from the cautious prepared protector who values savings and security to the ambitious high-stakes achiever who thrives on calculated risk.

"Buying a house is one of the most expensive investments you will ever make, so being on the same page as your partner, or co-investor, is very important," said Roux.

"We found navigating the process challenging... Those couples who have different personalities will definitely come up against some challenges."