You might not realize it, but nearly every decision you make on a given day involves money. You decide if you’re going to make your morning coffee or grab something at the local coffee shop. You drive to work or take public transportation, pack a lunch or order out. The way you and your partner communicate about those little decisions – and the big ones too! – is called your financial relationship. And if you’re like most couples, your financial relationship can always use some help.
There are three main reasons a spouse won’t talk about money and therefore hurting the financial relationship: one person may have always been the “financial manager” in the relationship, one may be disinterested in the finances or one may have made a mistake with the finances in the past. Here’s how to overcome these hurdles:
- “Because I am the financial manager in the relationship”:In most relationships, there’s one person who is either better at dealing with money…
Solution: If you’re the money manager in your relationship, it’s time to share the load. (more…)
- “Because my spouse is disinterested in the finances”:Everyone has what we call a Money Personality. One of those Money Personalities is called the Flyer…
Solution: Flyers often disengage from money talk because it overwhelms them. They tend to be… (more…)
- “Because my spouse made mistakes with money in the past”:When one person in a relationship has had bad luck with money…
Solution: Whether you’re the one who’s made financial mistakes or your spouse is, the way to get past it… (more…)
Make it Happen!
The Money Couple
Scott & Bethany Palmer