Posts Tagged ‘money fights’
Tuesday, January 17th, 2012
You have been dating and are starting to be filled with hope and excitement as you think about your future together. Where would you live, what kind of family would you have, what kind of adventures would you experience, and how would you 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 dating, money conversations often get left out. And we get that – talking about money doesn’t seem very romantic.
According to a recent survey by Country Financial, 49% of couples do not talk about money before they are married. Since money affects every aspect of your relationship, learn your money compatibility early on.
Here is how to have your first Money talk:
- Discover and reveal your Money Personality. – Money affects every aspect of a relationship. Early in your relationship, you need to understand your… [more...]
- Identify their response. – If the response is negative – red flag, red flag, red flag. For example: [more...]
- Discover their Money Personality. – Ask yourself, “Is this a Money Personality I can live with for… [more...]
Discovering more about the person you are dating will help you decide if you want to pursue this relationship or not. As you talk about your Money Personalities, you might find this money conversation can be a little more romantic than you thought.
[Read the Complete Money Couple Minute HERE]
Make it Happen!
The Money Couple
Scott & Bethany Palmer
Tags: dating, financial communication, flyer, love and money, money communication, money fights, money personalities, money relationship, money talk, risk taker, saver, security seeker, spender
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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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Tuesday, December 20th, 2011
Seriously? The Money Couple says, “Take a Financial Holiday”? That doesn’t mean throw all reason out the window but we know this time of year can be stressful… let’s face it , ALL of the 5 Money Personalities™ find stress around this time of year:
Savers stress because the savings are dwindling,
Spenders are going crazy with the gift giving,
Risk Takers are “going for it”,
Security Seekers are holding on to their lists; and
Flyers, well, the gift giving isn’t on the radar quite yet
So together take a financial holiday, kick your feet up and enjoy the reason for the season!! That’s right, the Money Couple just told you not to think about money. We recognize that it’s not easy to stop thinking about your finances during what is often the most expensive season of the year. But spending energy talking about money right now will only take away from what should be a peaceful, joyful time filled with family and friends. Here’s how to let go of the stress and enjoy your holidays:
[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 spending, love and money, money communication, money fights, money huddle, money personalities, money relationship, 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, 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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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 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 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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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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