Posts Tagged ‘financial communication’
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]
Make it Happen!
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
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Tuesday, April 26th, 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.
Over the next few Money Couple Minutes, we’ll 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.
First up, the Saver…
[Read the Complete Money Couple Minute HERE]
Make it Happen!
The Money Couple
Scott & Bethany Palmer
Tags: financial communication, financial infidelity, financial relationship, love and money, money personalities, saver
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Monday, April 11th, 2011
This Money Couple Minute we are going to give you excerpts from a featured US News and World Report article. Many points (2-6) were written by Karen Palmer (no relation) and highlight steps to improving your money compatibility from yours truly…The Money Couple! We are excited to be getting an incredible amount of National TV, Radio and Web coverage as we educate couples around the world about the importance of “Love and Money” or in other words, having a good financial relationship.
Remember… we have “ask The Money Couple” available for you. If you have any financial relationship questions, just click here and we will personally answer them for you.
[Read the Complete Money Couple Minute HERE]
Make it Happen!
The Money Couple
Scott & Bethany Palmer
Tags: financial communication, financial infidelity, love and money, money communication, money fights, money huddle, money personalities, money secrets, US News and World Report
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Tuesday, March 29th, 2011
Quick: When you hear the words “financial 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 financial 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.
If you and your partner are struggling with money issues, if you’re constantly fighting about your finances, if you just can’t seem to get on the same page financially, the problem isn’t your budget. The problem is that your financial relationship is broken. And the best financial plan won’t change a thing.
[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 fights, money huddle, money personalities, money secrets
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Tuesday, March 15th, 2011
Your engagement brings with it a truly special time in your relationship. You are filled with hope and excitement as you plan your wedding and think about your future together. This is also the time when you start dreaming about the life you’re going to build — where you’ll live, what kind of family you might have, what kind of adventures you’ll have, and how you’ll handle your money as a couple.
If one of those things doesn’t seem to fit with the others, well, you’re not alone. We find that in all the fun and emotion of being engaged, money conversations often get left out. And we get that — talking about finances doesn’t seem very romantic and if you’re not used to it, it might not be a lot of fun. But talking about the way you look at money differently is as essential to your life together as talking about kids or sex or houses.
[Read the Complete Money Couple Minute HERE]
Make it Happen!
The Money Couple
Scott & Bethany Palmer
Tags: engaged, financial communication, love and money, money communication, money fights, money personalities, pre-marital, prenutial agreements, the money couple
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