Key roles in the money game
Money Magazine Australia|August 2021
Within a relationship, we tend to slip into doing tasks that may not match our skills
Phil Slade

On family holidays we love to play games. Recently, while at the beach for a few nights, someone announced that we should play a card game. As soon as it was suggested there was instant agreement and everyone automatically went into action.

I started to draw up the complicated score sheet, someone else went to make drinks and nibbles, another found the cards and started shuffling, and another cleared the table and set the room ready to play. It was as if we had choreographed the whole thing, but we simply slid into roles as a matter of routine and learned history.

This automatic “slipping into roles” also happens in relationships, where partners create a sense of ownership over certain jobs over time – from who cleans the kitchen, to who mows the lawn, to who takes out the rubbish, to who has the tough conversations with the kids. Couples tend to settle into a routine of who-does-what without necessarily considering who might be more effective at what – it just kind of happens.

Interestingly, this is also what we can happen when it comes to financial tasks.

The four most common roles are:

• Chooses the long-term investments

• Directs the day-to-day budgeting and spending

• Sorts out the tax

• Instigates and plans holidays and “life” spending.

Continue reading your story on the app

Continue reading your story in the magazine

MORE STORIES FROM MONEY MAGAZINE AUSTRALIAView All

The Reserve Bank lifts interest rates earlier than expected

Property has boomed, thanks to cheap money, but rising inflation in the US means that may change sooner rather than later

5 mins read
Money Magazine Australia
September 2021

Take the bite out of vet bills

Buying cover for your furry friend can cut the cost of pet care and avoid heartache

8 mins read
Money Magazine Australia
September 2021

Staying aware of hidden threats

MONEY TALKS

3 mins read
Money Magazine Australia
September 2021

Spread the love

For a nation hooked on real estate, investment trusts provide valuable diversification and liquidity

7 mins read
Money Magazine Australia
September 2021

Retail's rollercoaster ride

As lockdowns change the way we shop, some surprising winners are emerging from the battle for the consumer dollar

5 mins read
Money Magazine Australia
September 2021

It's a big stretch to get on the housing ladder

Many young adults are living at home for longer or getting parental help so they can buy their first home

6 mins read
Money Magazine Australia
September 2021

7 Steps To Building A $100k Income

The commercial sector is seen as too intimidating by many investors, but you can start a portoflio with $100,000 in cash savings

7 mins read
Money Magazine Australia
September 2021

Prepare For A Green Future

It’s not just the big polluters that will have to change their ways. The carbon-conscious movement is catching up with investors too

8 mins read
Money Magazine Australia
September 2021

9 Tips For Buying And Selling Property

1.The Buyers Agent 2.The Budget 3.Lenders Mortgage Insurance 4.Recurring Payments 5.Joint Ownership 6.Valuations 7.Bridging Loans 8.The Real Estate Agent 9.Auctions

10+ mins read
Money Magazine Australia
September 2021

Key roles in the money game

Within a relationship, we tend to slip into doing tasks that may not match our skills

3 mins read
Money Magazine Australia
August 2021
RELATED STORIES

Artistic EVOLUTION

Daniel Bilmes’ first New York solo exhibition opens September 18 at Arcadia Contemporary with new work that shows his growth and development.

4 mins read
American Art Collector
September 2021

How Was Your Visit Today?

High marks on online ratings can benefit urgent care and E.R. doctors, but don't let their concern about those scores influence the care you receive. Here's how

9 mins read
Newsweek
September 24, 2021

RON BOSS EVERLINE

In today’s hustle culture, hungry entrepreneurs are encouraged to do as much as humanly possible. Having a job just isn’t enough.

4 mins read
Inked
November 2021

Hit the JACKPOT

Rapper Latto on breaking into hip-hop, representing Atlanta and making her next big move.

7 mins read
Inked
November 2021

BIOSHOCK 2

Revisiting BioShock’s bold, brilliant sequel.

7 mins read
PC Gamer US Edition
November 2021

2 Alaska Towns Allow Texts to 911 When Calling Not an Option

Residents in Wrangell and Petersburg now have the ability to text 911 for help when calling isn’t an option.

1 min read
AppleMagazine
September 10, 2021

FASTEST MOBILE NETWORKS 2021

It’s T-Mobile’s year at last. T-Mobile’s new mid-band 5G network is the only nationwide 5G that’s markedly faster than 4G, earning the carrier its first-ever PCMag award for America’s fastest mobile network.

10+ mins read
PC Magazine
September 2021

THE SECRET TO A HAPPY LIFE? Prioritize Fun

This is a summer like no other, with life returning to normal after a year and a half of lockdowns and restrictions. If you’re feeling conflicted about stepping back into the “business as usual” rat race, you’re not alone. The stress and isolation of a global pandemic and social upheaval have led us to rethink our values and consider a reset. What do we do now? If you ask me, it’s time to dedicate ourselves to a very important pursuit –– having fun.

4 mins read
Natural Solutions
August 2021

DO WE REALLY NEED NEW ANTI-ASIAN HATE CRIME LAWS?

A HOLISTIC LOOK AT THE DATA SHATTERS THE NARRATIVE ABOUT BIAS-BASED VIOLENCE.

10+ mins read
Reason magazine
October 2021

CHRIS CUOMO SEX SCANDAL OUTRAGE!

Calls for CNN anchor’s head after governor brother quits

2 mins read
Globe
August 30, 2021