Don't let newlywed bliss prevent you from having thoughtful discussions about money with your partner.
Wedding season is on the way, and lovebirds are getting ready for married life. What they aren’t prepping for, though, is money misery—despite research showing that finances cause relationship stress for one in four Canadian couples.
What can newlyweds do to cross the threshold on the right financial foot? Avoid five of the biggest marital money mistakes.
1. Not discussing goals
If one partner is saving for a family, and the other is on a spending spree thinking parenthood is a long way off, that creates a lot of friction, says Shannon Lee Simmons, a certified financial planner, chartered investment manager and founder of the New School of Finance in Toronto. “Couples need to make sure they’re on the same page about their goals—and the time horizons for achieving them.” Once those “pillow-talk plans” are agreed upon, couples can look at their earnings and spending to make sure they can save enough money to make their goals happen.
2. Ignoring income
Partners often neglect to tell each other exactly how much they earn, and then simply split household expenses down the middle. But if one has a ton of discretionary income while the other earns less and goes into debt trying to keep up, both of them are hurt. “Couples need a financial arrangement that is equitable—for example, contributing to expenses based on a percentage of their income—instead of equal,” says Simmons. “These are the things that breed the most guilt, stress and fights.”
3. Becoming house poor
When couples overspend on a home, it leaves little funding for other priorities. “One of my clients cries every time it rains because she can’t afford to fix the leak in her house,” says Simmons. Similarly, couples who buy a house based on two incomes can dig themselves into a financial hole if they immediately have a family. “If you can barely afford your home and then you decide to have a couple of kids, there’s a seven-year period where it’s a financial nightmare between the mat leave and huge daycare bill,” she says. “A baby doesn’t care if you rent until you save more.”
4. Judging your partner’s spending
If you’ve been characterized as being bad with money, it can lead to shame and “secret” spending, says Simmons. So, for example, a yoga enthusiast might hide a Lululemon outfit, and a garage-band musician may have a hidden stash of instruments or equipment. “You don’t want to let your partner down, so you lie,” she says. “But what’s the bigger issue here—that you hid your spending or that your partner doesn’t care about your hobby? Couples need to consider the emotional return on investment.”
5. Not being a part of the financial team
Every couple has its own division of labour, so it’s fine for one partner to be the household’s “quarterback” on money matters. But the other still has to be on the team and in on the play, says Simmons. Say one partner is the AV guru and the other doesn’t know anything about the home-entertainment system. If the tech-master isn’t around, there will be no binge-watching. “Now imagine that feeling of uselessness if you didn’t know what to do with your finances? These are big stakes, so keeping yourself involved is super important.”
Wondering how to start the conversation? Here are Gail Vaz-Oxlade's tips for talking about money with your partner.
This beauty trend will have your face looking like a paint-by-numbers. Here's why you should try it anyway.
Masking is not the newest beauty trend, but it's one that's here to stay. Adding an extra dose of skin-care to your routine, masking can help with hydration, exfoliation, radiance and acne to make sure your skin is in tip-top shape. We asked Mara Vezeau, Vichy integrated communications and medical relations leader, to help us up the ante on our skin-care game by digging in to multi-masking—a way to get the most out of the masking experience.
What is multi-masking? Multi-masking is when you apply more than one mask of different areas of your face. “Multi-masking is the best way to answer all of your skin-care concerns at the same time,” says Vezeau. Just like contouring (and the even sillier clown contouring), multi-masking is makes you look slightly ridiculous before and totally radiant after.
Take stock of what your skin needs to determine what masks to are right for you. Most people have oilier t-zones (the forehead, nose and chin), but need hydration around the eyes and cheeks. Pick masks with clay and charcoal for oily or congested skin, usually found in the t-zone area. For areas lacking radiance, try masks that also have gentle exfoliating properties—think alpha hydroxyl acids (AHAs) or citrus. For dehydrated or dry skin, pick masks that pack a heavy moisture punch with ingredients like hyaluronic acid, argan and jojoba oil, and honey.
Vezeau recommends to “make sure that you use masks that require the same amount of setting time on the face and to opt for masks that require the same removal methods.”
If you experience the same skin issues everywhere on your face (instead of having specific issues in certain areas), multi-masking might not be the beauty trend for you. But if you notice dry patches, tightness, congestion, breakouts or signs of aging only in particular parts of your face, it’s time to give multi-masking a try.
Here are our targeted mask picks so you can get multi-masking.
Vichy Quenching Mineral Mask, $34, shoppersdrugmart.ca.
Biotherm Aquasource Non Stop Emergency Hydration Mask, $39, Sephora.com.
Peter Thomas Roth Blue Marine Algae Intense Hydrating Mask, $64, Sephora.com.
Vichy Double Glow Peel Mask, $34, shoppersdrugmart.ca.
Kiehl’s Tumeric and Cranberry Seed Energizing Masque, $20, thebay.com.
Ole Henriksen Truth Sugar Glow Polishing Mask, $55, Sephora.com.
Vichy Pore Purifying Clay Mask, $34, shoppersdrugmart.ca.
Clinique Acne Solutions Oil-Control Cleansing Mask, $28, thebay.com.
Boscia Luminizing Black Mask, $42, Sephora.com.
Since hitting the spotlight, Sophie Grégoire Trudeau—along with her stylist Jessica Mulroney—has championed Canadian designers and brands. Take a look at her vibrant fashion choices.
For her second outfit during the Royal Canada Tour, Sophie wore a flattering dress by Tanya Taylor.
To greet Will and Kate on their Royal Canada tour, Sophie wore a dress by Éditions de Robes and a hat by The Saucy Milliner.
Sophie wore a Tracy Moore designed by Freda dress to greet the Chinese premiere.
Trudeau paired a Pink Tartan blazer with an UNTITTD gold dress and a statement necklace from Katherine Karambelas Jewelry.
While walking the blue carpet for the Global Citizen fesitval, Sophie wore this classic leather jacket from Canadian brand Mackage.
After walking the blue carpet, Trudeau ditched her Mackage jacket to reveal this black dress from Madame Moje.
Trudeau wore the same red jumpsuit by Lucian Matis that she donned for Canada Day. We love that she shops her own closet!
Sophie wore a dress by Jason Wu from The Room at Hudson's Bay on her husband's trip to China.
Trudeau wore a turquoise jumpsuit by designer Aleks Susak to celebrate Pride in Vancouver. Bracelets from Anzie, sunnies from Claudia Alan and Susie Wall and wedges from Browns complete the look.
Trudeau looked absolutely perfect on her first Canada Day as the nation's first lady, sporting a white hat and red one-piece by Canadian designer Lucian Matis.
Sophie wore American colours and Canadian designer Muriel Dombret to meet with President Obama in June, 2016.
Accessorizing with dangling earrings and pulled back hair, Sophie looked like a prize in a gold ballgown at the Ottawa State Dinner.
At the Press Gallery Dinner Trudeau wore this UNTTLD white dress—looking classy while having some fun.
Trudeau is wearing a custom Aleks Susak two-piece during a private ceremony in Ottawa in early June, 2016.
Sophie wore Lucian Matis to round out her Japan wardrobe.
Posing with other spouses of the G7 leaders, Sophie looks comfortable and elegant in a jumpsuit created by Toronto-born Tanya Taylor.
On May 26, 2016, the first lady of Canada sported a custom design by Canadian designer Wayne Clark during a cocktail event at the G7 summit in Japan.
Sophie Gregoire Trudeau wore a pale pink dress by Jay Godfrey to meet Empress Michiko of Japan during a trip to the Imperial Palace on May 24, 2016.
On May 24, 2016, Gregoire Trudeau wore a floral dress by Erdem to visit the Meiji Shrine in Tokyo.
For her arrival at the airport in Tokyo, Gregoire Trudeau wore a suit by Montreal designer Marie Saint Pierre.
Gregoire Trudeau in a lovely Greta Constantine dress accessorized with a simple string of pearls.
Sophie was dressed head-to-toe in Canadian designs for the 2016 Canadian Arts and Fashion Awards. She wore a tailored jumpsuit by Mikael D. with a deep V in front and a beautiful flowing cape with embellished shoulders.
We're used to seeing Sophie in feminine, colourful pieces, but this woman can rock a suit as well. She wore Canadian favourite Pink Tartan at the Catalyst Awards Dinner in March 2016, where her husband was honoured.
For the state dinner in March 2016, Trudeau chose a fuschia gown by Lucian Matis, and accessorized with a handbag by Ela, Zvelle shoes, John de Jong earrings and a Dean Davidson ring. The gown was classic in its design, but a vibrant and youthful choice for Trudeau, who isn't afraid of colour. Michelle Obama also chose Canadian (wearing custom Jason Wu) to the state dinner.
Wearing a red and pink dress from Lucian Matis, Trudeau accessorized with heels by Zvelle and a red clutch from Aldo.
Trudeau wore a custom DUY suit for her arrival with her family in Washington.
Sophie Gregoire Trudeau wore this dazzling Greta Constantine dress for the International Women's Empowerment Leadership Conference in Toronto in early 2016.
For the Remembrance Day ceremony in Ottawa in 2015, Sophie Grégoire Trudeau chose a grey coat by the Toronto-based company Sentaler, and a cloche (hat) by Chapeaux de Madeleine in Ottawa.
Sporting a two-tone, floral dress by Erdem for Justin Trudeau's swearing in as Prime Minister, Sophie Trudeau looked regal. Her only accessory? A simple poppy for Remembrance Day.
Trudeau wore something a little more traditional as she arrived for the opening ceremony of the Commonwealth Heads of Government meeting in November of 2015, wearing a pale pink lace dress with a matching fascinator.
Sophie Grégoire Trudeau helped design her own wedding dress, with a little help from Les Noces Couture in Montreal.
Photography by Annabelle Waugh Credits: Photography by Annabelle Waugh