Posts Tagged ‘financial infidelity’
Tuesday, January 3rd, 2012
Pop open the champagne and toast to a New Year, and a new Money Relationship! In the past year, you might have skipped out on a few Money Huddles, argued about everyday money issues, or hesitated to reveal certain impulse purchases to your partner. As a couple you might have spent too much on date night, or cut back on vacation time with your family because of a tighter budget. You might even be suffering from a holiday-spending hangover, but none of that matters now! January 1 is a clean slate, and it’s yours for the taking! Reclaim and revamp your Money Relationship with your partner, and do the following:
- Celebrate the Victories – It wasn’t all bad. Sure, you might have had some Money Relationship slip-ups, but focus on the things that you did right. [more...]
- Discover something NEW – It’s time to do some digging. Take some time to reflect on the state of your relationship over the past year. Think about times that you [more...]
- Recommit to your Love & Money Vows – Get out your pen and paper and write down your Love & Money Vows. The top two items should be “no money fights” and “no financial infidelity.” [more...]
- Dream the dream – Set aside some time with your partner to dream up one goal [more...]
[Read the Complete Money Couple Minute HERE]
Here’s to a great Money Relationship in 2012!
Make it Happen!
The Money Couple
Scott & Bethany Palmer
Tags: financial infidelity, flyer, love and money, money communication, money fights, money huddle, money personalities, money relationship, new you in 2012, risk taker, saver, security seeker, spender
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Monday, November 21st, 2011
We hear this all the time. As we travel and speak around the country, this is a source of pain and panic for many couples. We have found that 75% of all couples marry their opposite money personality! No surprise that 70% of all divorces cite money as the reason for their split. But being married to your money opposite does not have to ruin your relationship. It can even make it stronger! Here are four tips to surviving your money opposite:
- Know and OWN your Money Personality – What is your Primary and Secondary Money Personality? Are you a: Spender, Saver, Risk Taker, Security Seeker, or a Flyer? [more...]
- Understand your spouse’s Money Personality. – Once you understand how your spouse views and deals with money, [more...]
- Understand the Opposite Dynamic. – On one side of the spectrum there are Savers and Security Seekers, on the other side we have Spenders, Risk Takers and Flyers. [more...]
- Have some fun! – Enjoy your new found knowledge about yourself and your spouse. [more...]
[Read the Complete Money Couple Minute HERE]
Make it Happen!
The Money Couple
Scott & Bethany Palmer
Tags: financial infidelity, flyer, love and money, money communication, money fights, money huddle, money personalities, money relationship, risk taker, saver, security seeker, spender
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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]
Make it Happen!
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, 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, 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 1st, 2011
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…)
[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 communication, money personalities
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Tuesday, February 15th, 2011
Whether you’re 25 or 55, it’s not too early – or too late – to think about your retirement. If you want a retirement filled with fun, travel, or just some peace and quite, you need to start planning. Now. Planning for retirement demands healthy financial communication. Financial communication is at the core of your financial relationship – Your financial relationship is the way you, as a couple, make decisions where money is involved. Your financial relationship touches every part of your life together and that’s especially true when it comes to planning for retirement.* Your plans will likely involve some changes in how you save and spend money, as well as some solid conversations about what you want your future to look like. By developing stronger financial communication skills, the two of you can tackle those changes and conversations as true partners. Here are three keys to talking about retirement as a couple:
Essential #1:What you choose to talk about TODAY directly impacts your future together.
Essential #2:Remember that we all view retirement through a different lens.
Essential #3: Think of retirement as a moving target.
[Read the Complete Money Couple Minute HERE]
Tags: financial communication, financial infidelity, financial planning, money communication, money huddle, money personalities, retirement planning, the money couple
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Tuesday, February 1st, 2011
Tags: financial communication, financial debt, financial infidelity, money communication, money huddle, money personalities, money secrets, overspending, the money couple
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Tuesday, January 18th, 2011
When we talk about your financial relationship, we’re not just talking about those moments when you and your partner sit down to pay bills or balance the checkbook or tally up receipts. We’re talking about the ways money decisions filter in to every part of your lives. That means that the way each of you thinks about money, talks about money, and deals with money will have an impact on everything from your grocery bill to your sex life.
That’s why it’s essential for couples to develop healthy financial communication skills. Part of doing that is knowing how to avoid some common pitfalls when in comes to money. This week is Part I of a two part series. We’re going to cover some of the financial mistakes couples make and ask you to think about how they might be affecting your relationship. Part II will give you solutions to these five money mistakes.
Mistake #1: Letting curiosity die out
Mistake #2: Worrying
Mistake #3: Giving up
Mistake #4: Keeping money secrets
Mistake #5: Letting go of hope
[Read the Complete Money Couple Minute HERE]
Make it Happen!
The Money Couple
Scott & Bethany Palmer
Tags: financial communication, financial infidelity, money communication, money fights, money huddle, money personalities, money secrets, the money couple
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