Posts Tagged ‘financial communication’
Tuesday, October 11th, 2011
Credit cards are one of the major issues of tension and fighting in relationships. Couples that have a
Spender or a
Risk Taker Money Personality have to be especially careful. But never fear, couples and cards can mix, here’s how:
- Become strategic and intentional as a couple! – In your next Money Huddle talk about how you [more...]
- On-line shopping protection – Credit cards can give you a level of protection that you have to have! In case of [more...]
- Rental Car – Many cards protect the driver while renting a car. This is a great benefit and you should [more...]
- Organizes your expenses at the end of the year – Many cards will give you a consolidated report, itemizing your [more...]
- Airline miles! – If used properly, you can build miles for upcoming work trips and vacations. Using miles is [more...]
[Read the Complete Money Couple Minute HERE]
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The Money Couple
Scott & Bethany Palmer
Tags: Christmas spending, Credit cards, Debit Cards, debt, financial communication, financial infidelity, flyer, gift spending, holiday giving ideas, love and money, money communication, money fights, money huddle, money personalities, risk taker, saver, security seeker, spender
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Tuesday, September 27th, 2011
As you look to the months ahead, consider these statistics:
- National Retail Federation reports that consumers are expected to spend $4.75 billion dollars on Halloween this year.
- According to mymoneyblog.com the average family spends $302 during Thanksgiving weekend.
- According to wikianswers.com the average family spends $1000 during the Christmas holiday season.
Remember, just about every holiday discussion has a money component. So how do you approach this “battlefield” and fall forward together? Here are some Money Huddle conversation starters. Use them – or your own ideas – to get the discussion going. And be ready to compromise with your spouse as you work together to find new ways to approach this season of traditions:
Halloween
Thanksgiving
Christmas
[Read the Complete Money Couple Minute HERE]
Make it Happen!
The Money Couple
Scott & Bethany Palmer
Tags: Christmas spending, financial communication, financial relationship, flyer, gift spending, holiday giving ideas, love and money, money communication, money huddle, money personalities, overspending at holidays, risk taker, saver, security seeker, spender
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Tuesday, August 30th, 2011
Teens know a lot about money. At least, they know a lot about spending money. But few people know how to help their teenagers manage their finances, particularly when it comes to spending.
Last year young shoppers spent over $170 billion – double the amount just 10 years earlier on clothing, food, music, and technology (reported by 20/20). If that sounds outrageous to you, consider these facts:
- According to the JumpStart Coalition for Personal Financial Literacy, nearly a third of high school seniors reported having a credit card of their own or one co-signed by a parent.
- In 2010 alone, more than 110,000 Americans under age 25 filed for personal bankruptcy. (Elizabeth Warren, Professor of Law at Harvard Law School).
- 78% of college students have credit cards, according to student loan maker Nellie Mae. The typical student carries a balance of $3,200. One out of ten college students carries a balance of more than $7,800.
Here are three ways to control your teenager’s spending:
[Read the Complete Money Couple Minute HERE]
Make it Happen!
The Money Couple
Scott & Bethany Palmer
Tags: communicating with kids about money, financial communication, flyer, helping children financially, kids and money, kids and spending, love and money, money communication, money fights, money huddle, money personalities, risk taker, saver, security seeker, spender
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Tuesday, August 16th, 2011
One of the biggest mistakes couples make when it comes to money is to worry and obsess about finances to the point where it becomes all consuming. After all doesn’t every decision we make as a couple always come back to money? Why don’t we be intentional, talk about it, and get it out in the open so we can stop the fights, stop the questions and become closer as a couple. That’s why we advise you, as a couple, to plan regular conversations about your finances. We call them Money Huddles because they’re an opportunity to talk through your money relationship.
Before we dive into the details of the “Money Huddle” it is imperative to understand what a money relationship is. When you hear the words “money relationship” what comes to mind? If you’re like most couples, you might think about your budget, your retirement savings, or even the fights you have about money. But when we talk about a money relationship, we’re talking about something that goes far beyond your checkbook or bank balance. We’re talking about the way each of you think about and deal with money. Your views on money impact every decision you make as a couple from the big stuff like houses and cars to the mundane details like the kind of coffee you drink and the brand of shoes you wear.
[Read the Complete Money Couple Minute HERE]
Make it Happen!
The Money Couple
Scott & Bethany Palmer
Tags: financial communication, financial relationship, flyer, love and money, money communication, money huddle, money personalities, money relationship, money secrets, risk taker, saver, security seeker, spender
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Tuesday, August 2nd, 2011
According to our research, back-to-school expenditures are second only to Christmas so the school shopping is a “biggie”. In addition to the tips below, be sure to read a recent article we were interviewed for – click here. Enjoy this time of year, keep your money relationship intact, teach your kids a thing or two and get your school year off to a great start:
- Decide who will do the school shopping.Clear communication will prevent doubling up on items, or worse, spending more than you need to! [more...]
- Involve your kids.The Money Couple is the first to admit that shopping for school supplies with the kids in tow can be less fun than a root canal. [more...]
- Start early.You don’t have to wait until the last week in August to gather school supplies. [more...]
- Talk about it.The Money Couple finds very few couples who ever talk about back-to-school spending. [more...]
[Read the Complete Money Couple Minute HERE]
Make it Happen!
The Money Couple
Scott & Bethany Palmer
Tags: back-to-school spending, communicating with kids about money, financial communication, financial relationship, generous kids, helping children financially, kids and money, kids and spending, love and money, money communication, the money couple
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Wednesday, July 20th, 2011
One of the biggest mistakes couples make when it comes to money is to worry and obsess about finances to the point where it becomes all consuming. After all doesn’t every decision we make as a couple always come back to money? Why don’t we be intentional, talk about it, get it out on in the open so we can stop the fights, stop the questions and become closer as a couple. That’s why we advise you, as a couple, to plan regular conversations about your finances. We call them Money Huddles because they’re an opportunity to talk through your money relationship.
Set aside some time each month to look over your budget, pay bills, and dream about the future. Regular Money Huddles give couples a place to talk through your financial concerns and find ways to work through them together. And that means a lot less worry.
Couples often ask us how often should we have a “Money Huddle”? We say at least once a month.
Here are 4 steps to get you started to the perfect Money Huddle:
[Read the Complete Money Couple Minute HERE]
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The Money Couple
Scott & Bethany Palmer
Tags: financial communication, financial relationship, love and money, money communication, money fights, money huddle, money personalities
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Tuesday, June 21st, 2011
Okay, this might not be how you pictured your future. You thought you’d graduate from college and head off to your money-making job, your great apartment, your new life in the “real world.” Instead, that job hasn’t shown up just yet and you’re heading back to Mom and Dad’s house.
Whatever your reason for heading back home after college, you are not alone – not by a long shot. It’s estimated that nearly 85% of college grads move in with their parents after they finish school.
For most graduates, this is a temporary situation. But no matter how long you plan to stay with your parents, it can be a tricky arrangement for all of you, especially when it comes to money. Believe it or not, your relationship with your parents includes what we call a “money relationship” – how you think about and deal with money as individuals and as a family. And if you’ve ever argued with your parents about money, you know that can create some stress.
But with a little effort, you can make this time with your family a smooth transition between college and the next stage of your life.
Here are five ways to make it work:
[Read the Complete Money Couple Minute HERE]
Make it Happen!
The Money Couple
Scott & Bethany Palmer
Tags: financial communication, financial relationship, helping children financially, kids and money, love and money, money communication, money personalities, post-college living with folks
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Tuesday, June 7th, 2011
Researchers have found that 70% of divorces are due to financial conflict. We are finding that it isn’t the broken financial plan that is tearing relationships apart. It is the bickering, the fighting and the grating on each other’s nerves that is. How can you stop the fights, learn to understand each other in a whole new way and actually want to have discussions where money is involved?.
After all, doesn’t money affect every decision you make as a couple?
Doesn’t money affect where you go on vacation?
Doesn’t money affect the kind of wedding you give your daughter?
Doesn’t money affect where you work?
Doesn’t money affect where you buy your groceries?
Doesn’t money affect where you get your coffee?
Doesn’t money affect what grade of gasoline you put in your car?
In other words, how can you have a “Financial Relationship” (not a financial plan) that will bring back the passion in your relationship and will allow you to both feel heard?
[Read the Complete Money Couple Minute HERE]
Make it Happen!
The Money Couple
Scott & Bethany Palmer
Tags: Craving your spouse, financial communication, financial infidelity, financial relationship, flyer, love and money, money communication, money fights, money huddle, money personalities, risk taker, saver, security seeker, spender
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Tuesday, May 24th, 2011
Every person has a distinct way of thinking about and dealing with money. And in a relationship, those distinctions can be the difference between being on the same page about financial issues and having money be a constant source of conflict. After all isn’t there a money component to just about every decision we make as a couple? That’s why when couples ask us how they can stop fighting about money, the first things we tell them is to figure out their Money Personalities.
We’re using the next few Money Couple Minutes to dig in to each of the five Money Personalities we identify in our book, First Comes Love, Then Comes Money: the Saver, the Spender, the Risk Taker, the Security Seeker, and the Flyer. We have learned that each person has two of the five Money Personalities, a Primary and a Secondary. So keep that in mind as you identify what you and your partner are.
As you learn more about your Money Personalities, you’ll gain invaluable insight into the ways you and your spouse handle finances and find ways to stop fighting and start working together.
This week, we focus on the Risk Taker.
[Read the Complete Money Couple Minute HERE]
Make it Happen!
The Money Couple
Scott & Bethany Palmer
Tags: financial communication, financial relationship, five categories financial infidelity, love and money, money communication, money huddle, money personalities, risk taker, saver, spender
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Tuesday, May 10th, 2011
Every person has a distinct way of thinking about and dealing with money. And in a relationship, those distinctions can be the difference between being on the same page about financial issues and having money be a constant source of conflict. After all isn’t there a money component to just about every decision we make as a couple? That’s why when couples ask us how they can stop fighting about money, the first things we tell them is to figure out their Money Personalities.
We’re using the next few Money Couple Minutes to dig in to each of the five Money Personalities we identify in our book, First Comes Love, Then Comes Money: The Saver, the Spender, The Risk Taker, the Security Seeker, and the Flyer. We have learned that each person has two of the five Money Personalities, a Primary and a Secondary. So keep that in mind as you identify what you and your partner are.
As you learn more about your Money Personalities, you’ll gain invaluable insight into the ways you and your spouse handle finances and find ways to stop fighting and start working together.
This week, we focus on the Spender.
[Read the Complete Money Couple Minute HERE]
Make it Happen!
The Money Couple
Scott & Bethany Palmer
Tags: financial communication, financial relationship, love and money, money communication, money fights, money personalities, saver, spender
Posted in The Money Couple Posts | Comments Off
