Posts Tagged ‘financial infidelity’
Tuesday, December 21st, 2010
‘‘Nobody can go back and start a new beginning, but anyone can start today and make a new ending.’’ – Maria Robinson
We don’t always think about the ways our financial situation impacts our lives. Sure, it makes a difference in the house we live in or the car we drive, but it really trickles into even the most mundane decisions – the kind of cereal we eat, the kind of shoes we wear, the kind of coffee we drink.
That’s why a lack of financial communication skills can be so devastating to a relationship – when money affects everything, not knowing how to talk about money affects everything, too.
The New Year is the perfect time to bring new life into your financial relationship. [Read the Complete Money Couple Minute HERE]
Tags: financial communication, financial infidelity, money communication, money huddle, New Year's Resolution, overspending, the money couple
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Monday, May 24th, 2010
Shelley was putting away her husband’s laundry when she discovered a stash of bills for a credit card she didn’t recognize. It’s a story that plays out over and over with couples we talk to. Everything seems to be fine and then Bam! One of them discovers the other has been keeping money secrets.
If you’ve just discovered your partner has been hiding money from you, using a secret credit card, or lying about spending, what we call “Financial Infidelity”, you have a choice to make…[Read the entire Money Couple Minute HERE].
Tags: breaking the budget, financial cheater, financial communication, financial infidelity, money communication, money fights, money secrets
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Monday, February 15th, 2010
We aren’t going to be subtle on this one: Our answer is, “Absolutely not.” Don’t marry your money until you are legally married. We have seen too many engagements end, leaving couples who have combined their money with the painful task of sorting it all out during an already difficult time.
Naturally, if you are heading toward marriage, you probably share your money with each other, but we’re talking about things like joint savings accounts, shared credit cards, retirement funds, and checkbooks. Combining these finances before you’ve created a legal union can create headaches you simply don’t need.
But just because you’re not sharing all your money doesn’t mean you shouldn’t be talking about it. We believe that strong financial communication has to start before you get married-hopefully before you even get engaged. If you are engaged or seriously dating someone and thinking about co-mingling your money along with your lives, plan a Money Huddle and talk about the six topics that will save your marriage before it has begun.
View this week’s Money Couple Minute to get all 6 answers HERE.
Tags: Add new tag, before you get married, financial communication, financial infidelity, marry your money, money communication, things to do before I do
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Monday, January 4th, 2010
Getting out of debt is one of the most common New Year’s resolutions—it’s right up there with losing weight. And like losing weight, it’s a resolution that, more often than not, is broken before January comes to an end.
Everyone should set financial goals for their families. In setting these goals, it is important to be smart about the kind of goals you set and your plans for meeting those goals.
Briefly, here are the 5 financial resolutions you shouldn’t make for 2010. Read the entire Money Couple Minute HERE to get all the details for each one.
1. We Will Spend Less
2. We Will Not Fight About Money
3. We Will Have Our Finances Under Control By April
4. We Will Have a Perfect Budget
5. This is the Year We Get Out of Debt
Again, there are full descriptions of each of these resolutions not to make. You can find them in this week’s Money Couple Minute.
Tags: 5 financial resolutions you shouldn't make, breaking the budget, financial communication, financial infidelity, individual investments, money communication, the money couple
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Tuesday, November 3rd, 2009
For many couples, the holidays are a minefield of difficult money decisions. How do we stick to a budget and still give meaningful gifts? Do we really need to buy a gift for Great Aunt Martha? Where are we going to get the money to pay for all of this stuff?
With so many money-based decisions coming in the midst of all the other stressful events of the holiday season, it’s more important than ever that your financial communication stays strong.
Start this holiday season with a Money Huddle to check in on expectations and create a spending plan that won’t leave you broke come January. The Money Huddle will help you get on track and prioritize your spending. It will also keep you from out of control spending because you will be able to determine goals and limits ahead of time.
Discover the strategies to create your gift list, set spending limits, plan your time to shop, learn how weekly check-ins help, and how your Money Personalities will affect how you and your spouse handle your holiday spending in this weeks Money Couple Minute: How to Handle Holiday Spending.
Tags: Add new tag, Christmas spending, financial budget, financial communication, financial infidelity, gift spending, holiday spending, money communication, money huddle, overspending, overspending at holidays, the money couple
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Friday, October 9th, 2009
We find that the primary breadwinner can sometimes feel like he or she should have more say so about money issues simply because that individual makes more. Couples that know how to communicate about money recognize that they have to think like partners, not individuals. Money touches every part of life, so if one partner is trying to control the money, the resulting bad mojo is going to infect the whole relationship.
Learn the necessary steps to ensure solid financial communication and how to avoid the income resentment trap in this weeks’ Money Couple Minute Avoiding Income Resentment.
Tags: financial communication, financial infidelity, financial mistrust, income resentment, money communication, separate accounts
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Thursday, September 24th, 2009
Money touches each and every aspect of our relationship. Money discussions can easily turn into “money fights.” If we are going to fight about money, we better learn how to fight fair. Here is a tool you can apply to each “money struggle”. Use our acronym F.A.I.R. It stands for Forgive, Assess, Input, and Respect. Read the entire Money Couple Minute on Fighting Fair About Money and learn how to implement F.A.I.R. into your money discussions.
Tags: financial communication, financial infidelity, money communication, money fights, money huddle
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