Valuing other contributions in a relationship, such as childcare, is often overlooked or forgotten. It can create tension as both people try to gain a level of equality and work out the different responsibilities in their partnership.
It’s unusual for both partners to earn exactly the same income.
In male-female relationships, the person who brings home less money is often the woman due to the gender pay gap.
The cost of paying a service provider to manage the household chores and care for children per year
$
0
This inequity between partners becomes even more visible when couples decide to have a family – and it is still commonly women who reduce their working hours or leave their job to raise the children.
These essential but unpaid responsibilities are valuable e.g. household chores, managing accounts, caring for children/family members.
Nigel Latta’s series ‘Mind over money’ on TVNZ estimates that the financial equivalent of being a stay at home parent comes to the value of $2,735 a week or $142,000 a year.
Save your progress
Get a reminder so you can continue at a convenient time
“It is great to have the strategies and challenges come together so that you are learning together, sharing together and discovering together”
– Toolkit user
Disclaimer
The information, content and materials provided in our Healthy Financial Relationships Toolkit is for general informational purposes only and does not take into account the financial situation and/or particular needs of any person. Before making important financial decisions, you should seek professional advice if possible. This Toolkit contains links to other third-party websites. Such links are only for the convenience of the reader, user or browser. Good Shepherd NZ and AUT do not endorse the contents of third-party sites.
Did you find this useful?
We are a not-for-profit organisation working to improve the financial and social wellbeing of New Zealanders.
The resources on this website are provided free of charge to make sure they are available for people who need them.
If your organisation found these resources helpful, please consider making a donation to ensure we can continue supporting those people who need our help.
You can also make a donation, or set up a recurring donation, by contacting us directly
Facebook
Instagram
LinkedIn
YouTube