Posts Tagged ‘money personalities’
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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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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Tuesday, February 14th, 2012
We recently had a young lady who is engaged tell us that last Valentine’s Day her fiancé spent $200 dollars on Valentine’s gifts and she baked him a plate of cookies… Awkward! The truth of the matter is that this type of situation happens all the time. They say, “money can’t buy love”, but it seems that’s exactly what we try to do each year when Valentine’s Day comes around. We’re not talking about a few greeting cards or chocolates here and there, either. Valentine’s Day has grown into a multi-billion dollar industry. That’s right, billion. Valentine’s Day can be a Spender’s dream or a Saver’s nightmare.
Here are three tips on how to have a great Valentine’s Day and keep the romantic day intact:
- Make Valentine’s Day a team effort. – Money surprises are the worst surprises of all – especially when it comes to gift giving. Each of you, come up with an amount [more...]
- Remember to think of your spouse’s Money Personality. – For the Savers out there, a plate of cookies is [more...]
- Be creative. – There are a lot of couples for whom finances are tight. Work on your creativity and do something romantic that will [more...]
We are getting ready to launch brand new content on Facebook and Twitter. Be sure to “like” and “follow” us today. Happy Valentine’s Day to all!
Make it Happen!
The Money Couple
Scott & Bethany Palmer
Click here for a Valentine’s Day Money Relationship Tip!
Tags: flyer, gift spending, gift-giving, love and money, money personalities, money relationship, risk taker, saver, security seeker, spender, Valentine's Day
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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, 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, November 8th, 2011
| Don’t miss the “Love & Money Conference” – November 11 & 12!
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Click here to read an article about the conference.
Click here to get more information. |
Money affects just about every decision you make together. Helping your Money Relationship by improving your credit score is what we want to focus on in this Money Couple Minute. Your credit score is an important part of your financial picture and having a bad one can cause a lot of tension in your Money Relationship. So here are 5 tips to get your credit score back on track:
- Start as a united front. – You have to be on the same page as a couple to make this score go up. [more...]
- See what is real! – What is your score and how bad is it. This is not a time to point fingers or blame. [more...]
- Pay your bills on time!!! – You have to show consistency to bring the score up. Working on this as a couple will jump start the improvement. [more...]
- Pay them down as much as you can. – The more credit available the better your score. Pay your credit cards off but keep the credit lines open. [more...]
- Don’t cancel them as soon as you pay them off. – Often the Security Seeker in the relationship will want to [more...]
[Read the Complete Money Couple Minute HERE]
Make it Happen!
The Money Couple
Scott & Bethany Palmer
Tags: credit score, financial communication, financial relationship, flyer, love and money, money communication, money personalities, money relationship, risk taker, saver, security seeker, spender
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