Separate accounts give you the ability to create a clear, easily accessible savings plan that will motivate you to keep saving! Some couples put all of one partner’s income into a savings account. This not only helps them build a nest egg for future investments, it also trains them to live on one income so they can survive a job loss or other changes. For more in-depth details on the benefits of separate savings accounts, read the complete Money Couple Minute HERE.
Posts Tagged ‘financial infidelity’
Can Separate Savings Accounts Help You Save?
Friday, September 11th, 2009Are Separate Accounts a Good Idea?
Friday, September 4th, 2009Separate accounts can be very helpful. They make it easy to see who’s spending what. But they can also open the door to hidden spending and other secrets that are the core of financial infidelity. Remember, strong financial communication is based in partnership. If you’re going to have separate accounts make sure you keep each other up-to-date as to where that money’s going.
Read the entire Money Couple Minute on separate accounts. Discover the simple tools you can use to help keep your financial relationship on track whether you decide to use separate accounts or not.
Dealing with Debt
Friday, August 28th, 2009Debt doesn’t go away, so talk about it…Now.
Once you discover that one of you has serious debt, get over the anger and shame and start working on paying down the debt. Your bank can help you work out a payment plan that fits your budget, so be honest with them, too.
Get more practical insight about dealing with debt in the Money Couple MINUTE, Dealing with Debt. In this MINUTE you will learn more about being honest about the past, making a plan, and how to stick to it.
Hiding Money…is it ok?
Friday, August 7th, 2009It’s one thing for couples to have separate accounts—his and hers checking or separate cash reserves. But secret accounts are a whole ‘nother ballgame. They mean that someone in the relationship doesn’t trust the other person with financial decisions. And since money touches every part of our lives, that financial mistrust usually points to a deeper level of mistrust that will infect the whole relationship. That’s why hiding has to stop if the relationship is going to survive. Read the complete article explaining the dangers of hiding money in the Money Couple Minute, Hiding Money.
Welcome to the Money Couple Blog!
Saturday, November 22nd, 2008Welcome to the Money Couple blog. We will be adding all types of helpful information for you regarding financial infidelity and other money related issues for couples. Visit our site at www.themoneycouple.com for more information. Thanks for visiting and come back often.
Scott and Bethany Palmer are financial communication experts specializing in helping couples work through financial infidelity. Scott and Bethany are also the authors of the highly successful book Cents and Sensibility and First Comes Love, Then Comes Money.