Posts Tagged ‘money huddle’
Monday, May 7th, 2012
Statistics show that the average family spends $369 per day on lodging, gas, food and fun on a vacation. Do we go simple or extravagant, kick back or active??? And let’s face it, each option has a price tag associated with it. Deciding what kind of vacation to go on can be confusing, frustrating and sometimes cause an argument between you and your loved one. Keep your Money Relationship headed in the right direction and follow these points to decide what kind of get-away will be best for your family this year:
- Each of the 5 Money Personalities looks at vacations differently – Be sure to know what Money Personalities are inside of your family and treat yourself to… [more...]
- Try a “stay-cation” – You could always be a “tourist in your own town”. Turn off the ringer, don’t worry about… [more...]
- Start planning now – Get your vacation on the calendar, make a reservation, arrange to take the time off… [more...]
Read the complete Money Couple Minute here.
Make it Happen!
The Money Couple
Scott & Bethany Palmer
Tags: financial communication, flyer, money huddle, money personalities, money relationship, risk taker, saver, security seeker, spender, summer vacation plans, vacation
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Monday, April 23rd, 2012
We all know the importance of a good spring clean of your home – you know… take everything out of your closets, clean, reorganize and put it back together all neat and tidy. But many of us don’t ever consider a “spring cleaning” of our finances. Whether you are a Saver, Spender, Risk Taker, Security Seeker, or Flyer, we all like the smell of a nice clean house – we suggest cleaning your “financial house” together, here’s how:
- Dedicate a day: Your house takes a day to spring clean, so does your finances. Put the date on the calendar and if you’re married do it together! [more...]
- Decide which rooms are going to get cleaned: Receipts, Debts, Insurance, Taxes, Investments… [more...]
- Empty the closets: Get all of your statements and documents pulled together. Get all of your receipts, insurance statements, tax returns, investment statements… [more...]
- Put everything back in to place:
Receipts – clear the clutter
Debts – shop for lower interest rates
Insurance – coverage is what you want [more...]
Read the complete Money Couple Minute here.
Make it Happen!
The Money Couple
Scott & Bethany Palmer
Tags: financial communication, flyer, money huddle, money personalities, money relationship, risk taker, saver, security seeker, spender, spring cleaning
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Tuesday, March 13th, 2012
The word retirement conjures up a lot of different feelings – some spouses are scared and some have a true sense of excitement when they talk about it. Your money 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 money communication skills, the two of you can tackle the retirement decisions where money is involved (which is in most, we might add)!! We want you to think “happy thoughts” when you and your spouse talk about retirement. Here are three tips to make your retirement all you want it to be, we use the acronym FUN:
- F: Find your number – Find the number or amount of money you need to save to reach your retirement goal. Grab your retirement plan statements and [more...]
- U: Understand each other’s needs and dreams – Many couples struggle with where to start so they don’t do anything. The topics you choose to talk about [more...]
- N: No excuses!!! – Consider each other’s Money Personalities as you go in to your retirement discussions!! We all have expectations of what retirement will look like. [more...]
Read the Complete Money Couple Minute here.
Make it Happen!
The Money Couple
Scott & Bethany Palmer
Click here to get your Money Relationship Retirement Checklist!
Tags: flyer, money huddle, money relationship, retirement, retirement planning, retirement saving, risk taker, saver, security seeker, spender
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Monday, February 27th, 2012
How much do we tip? Why should we tip when they are just “doing their job”? Why does it feel like we are tipping every time we go out?
These and many other questions come up when we are talking about the gratuities’ tip. Here are 4 ideas that will give “tipping together” a whole new meaning:
- Define tipping – Tips are given to people in the service industry. Often times tips are the employees [more...]
- Go in to your service with a plan – After a service is complete, whether it is getting our dog groomed [more...]
- Identify your approach – Decide how much you want to tip to each category of service. If they do a stellar job [more...]
- “Tip Together” – As we have discovered, not everyone has the same philosophy when it comes to tipping. Make [more...]
[Read the Complete Money Couple Minute HERE]
Make it Happen!
The Money Couple
Scott & Bethany Palmer
Click here for a Convenient “Tipping Together” List!
Tags: financial communication, flyer, gift spending, money communication, money fights, money huddle, money personalities, risk taker, saver, security seeker, spender, Tipping for services
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Monday, January 30th, 2012
The party is over and now the bills are rolling in. A recent poll cites that Americans spent 548 billion dollars during the holidays (Answers.com). How do you recover and get 2012 off to a great start? Here are three tips to get you and your budget back on track:
- Add it up! – This is no time to wimp out or stick your head in the sand. Pull all of your statements together [more...]
- Get Strategic. – Figure out what you need to start paying off first. It is tempting to pay the lowest balance first. [more...]
- Work as a team! – If you are married, be sure to agree on your approach. Couples that agree on how to approach and tackle holiday debt together get their debt paid off [more...]
[Read the Complete Money Couple Minute HERE]
Scott & Bethany Palmer
Make it Happen!
The Money Couple
Tags: Christmas spending, dealing with debt, financial communication, financial relationship, flyer, holiday spending, love and money, money communication, money huddle, money relationship, 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, December 5th, 2011
The holiday season brings with it beloved traditions, joyous memories, and happy moments with friends and family. And plenty of good old-fashioned financial stress!
For so 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 stressors of the holiday season, it’s more important than ever that your money 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. Here’s what you need to cover:
- Money Personalities: The holidays bring out the strengths and challenges of every Money Personality. [more...]
- The Gift List: Work together to figure out who you need to buy for. If money is tight this year, consider [more...]
- Spending limits: Before you set foot in a store or do any online shopping, know what you can spend [more...]
- Timing: Last-minute shopping usually leads to overspending. If you haven’t already, start [more...]
- Check-ins: Plan on weekly Money Huddles to make sure you’re staying on track. [more...]
[Read the Complete Money Couple Minute HERE]
Make it Happen!
The Money Couple
Scott & Bethany Palmer
Tags: Christmas spending, financial communication, flyer, gift spending, holiday giving ideas, holiday spending, love and money, money communication, money huddle, money personalities, money relationship, overspending at holidays, 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 25th, 2011
More money does not equal more happiness in your relationship as stated in a recent
study. It is important to look at the bigger picture when it comes to your relationship and
money. Most of us assume that our budget, retirement plan, and cash flow work sheet will give us a happy relationship when in order and plenty. However, we have found this is clearly not the case.
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 communicate about these decisions well, you have a good “Money Relationship”. If you argue and bicker about these decisions, you have a bad “Money 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. 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. That’s why when couples ask us how to build a strong “Money Relationship”, the first thing we tell them is to figure out their Money Personalities.
[Read the Complete Money Couple Minute HERE]
Make it Happen!
The Money Couple
Scott & Bethany Palmer
Tags: financial communication, financial relationship, flyer, love and money, money communication, money huddle, money personalities, money relationship, risk taker, saver, security seeker, spender
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