Who’s the “CFO” in your household? And is it working?
In almost every couple I meet, there’s always one person who has become the Household CFO (Chief Financial Officer).
Not officially hired.
Not formally trained.
Just… the one who somehow ended up in charge of the money.
Sometimes it’s because they’re the “numbers person”.
Sometimes it’s because the other partner’s eyes glaze over the moment money is mentioned.
Sometimes it’s simply default — someone had to do it, so one person stepped in.
But here’s the problem.
When only one person manages the money, it creates a silent imbalance.
And over time, that imbalance can turn into stress, resentment or worse — complete disconnection around your financial life.
And the data absolutely backs this up.
In Australia, money remains one of the leading causes of relationship breakdown, with research showing it consistently ranks in the top three drivers of divorce.
When you think about it, it makes sense.
If money is stressful…
If one partner feels like they’re carrying the load…
If the other feels left out, disconnected or unaware…
Tension builds, even in great relationships.
I’ve seen it many times over the last decade: couples who deeply love each other but feel like they’re on different planets financially.
The good news?
Most of it comes down to structure, not personality.
Here’s the simple framework we encourage couples (and even singles) to use: GCCSR
Goals
Get clear on what you’re both working toward.
Holidays, paying off debt, renovations, retirement…
Shared goals reduce conflict and increase motivation.
Clarity
Know the numbers.
Both partners should understand the accounts, loans, income, spending and investment plans—no secrets, no surprises.
Communication
Have a monthly money meeting.
Same as you would at work — agenda, reports, notes, decisions.
If you don’t talk about money, it becomes the elephant in the room.
Support
Money isn’t about who’s “better” at it.
It’s about supporting each other’s strengths…
and backing each other’s blind spots.
Responsibility (shared, not dumped)
One person can drive the system, but both need to sit in the front seat.
There’s a quote I often share with clients:
“Money doesn’t make a relationship work. But hiding it can make one fall apart.”
Whether you’re the CFO or the partner who prefers not to be, this week is a chance to reset.
Have the conversation.
Share the load.
Create a simple rhythm that works for both of you.
If you’d like us to help you set up a money structure that reduces stress and keeps both partners on the same page, SMS “CFO” to 0483 937 777 and we’ll walk you through it.
Because the best relationships aren’t built on perfect money habits.
They’re built on teamwork.
Talk soon.
7Wealth Pty Ltd ABN 44609210246 is a Corporate Authorised Representatives and is authorised throughCobalt AdvisersPty Ltd ABN 64 628 654 099 who is an Australian Financial Services Licensee 512550. 7Wealth Pty Ltd is a Credit Representative ofAustralian Finance GroupLtd ABN 11 066 385 822 (AFG) Australian Credit Licence 389087.
This blog contains information that is general in nature. It does not constitute financial or taxation advice. The information does not take into account your objectives, needs and circumstances. We recommend that you obtain investment and taxation advice specific to your investment objectives, financial situation and particular needs before making any investment decision or acting on any of the information contained in this document. Subject to law, Cobalt Advisers Pty Ltd nor their directors, employees or authorised representatives, do not give any representation or warranty as to the reliability, accuracy or completeness of the information; or accepts any responsibility for any person acting, or refraining from acting, on the basis of the information contained in this document.
