Posts Tagged ‘money personalities’

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More Money or More Love?

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

 

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5 Ways to Use your Credit/Debit Cards Together

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:
  1. Become strategic and intentional as a couple! – In your next Money Huddle talk about how you [more...]
  2. On-line shopping protection – Credit cards can give you a level of protection that you have to have! In case of [more...]
  3. Rental Car – Many cards protect the driver while renting a car. This is a great benefit and you should [more...]
  4. Organizes your expenses at the end of the year – Many cards will give you a consolidated report, itemizing your [more...]
  5. 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

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Fall Forward Together

Tuesday, September 27th, 2011

As you look to the months ahead, consider these statistics:

  • National Retail Federation reports that consumers are expected to spend $4.75 billion dollars on Halloween this year.
  • According to mymoneyblog.com the average family spends $302 during Thanksgiving weekend.
  • According to wikianswers.com the average family spends $1000 during the Christmas holiday season.

Remember, just about every holiday discussion has a money component. So how do you approach this “battlefield” and fall forward together? Here are some Money Huddle conversation starters. Use them – or your own ideas – to get the discussion going. And be ready to compromise with your spouse as you work together to find new ways to approach this season of traditions:

Halloween
Thanksgiving
Christmas

[Read the Complete Money Couple Minute HERE]

Make it Happen!

The Money Couple
Scott & Bethany Palmer

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The Love and Money Lifestyle Series Coming Together

Tuesday, September 13th, 2011
We are thankful for the support from so many people as we diligently work to bring to you the new Love and Money Lifestyle Series in January 2012 – a kit that is going to change the way couples think and deal with Love and Money. Below is the “Welcome Letter” that gives you a taste of what’s to come. Be sure to click on the top left corner of this Money Couple Minute and you can get a glimpse into the production… stay tuned, give us your feedback – we’ll be giving you more details over the next couple of months. Make it Happen! The Money Couple

The Welcome Letter to the New Love and Money Lifestyle Series coming January 2012

Tired of arguing about money? Sick of feeling like you have to lie about your spending? Ready to put an end to money disagreements once and for all?

Then you’ve opened the right box! We’re Scott and Bethany Palmer, the Money Couple. We’ve developed a whole new way for couples to think about and talk about their love and their money, and we can’t wait to share it with you.

For so many couples, love and money just don’t seem to gel. But we know that with the right tools, every couple can learn to stop fighting about money and start building a better future, one filled with closeness, connection, and all those dreams that drew you together in the first place.

Think of this box as your love and money toolkit. Use the 12 fun, energetic, and engaging sessions to rethink your approach to money – as individuals and as a couple. Over the next 90 days, you’ll learn more about yourselves, find ways to communicate about money without arguing, and develop a stronger, more committed relationship.

Starting your new Love and Money Lifestyle is as easy as 1-2-3:

Step 1: Grab your Love and Money Guidebook and a pen.
Step 2: Start with the Introduction and Session 1 DVD, then listen to a new session once a week for the next 12 weeks.
Step 3: Follow up each session with a few of our relationship building exercises and watch your lives change!

Along with the DVD series, you’ll find fun reminders of all that you’re learning – the Love and Money Game, Money Personality magnets, the book, CDs and two bonus DVDs to watch together or pass on to friends.

We’re so glad you’re starting this adventure with us!

Make it Happen!

The Money Couple
Scott & Bethany Palmer

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Slash the Cash – Three Ways to Control Your Teenager’s Spending

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

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Begin With the E.N.D. In Mind

Tuesday, August 16th, 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, and get it out 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.

Before we dive into the details of the “Money Huddle” it is imperative to understand what a money relationship is. When you hear the words “money relationship” what comes to mind? If you’re like most couples, you might think about your budget, your retirement savings, or even the fights you have about money. But when we talk about a 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. 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.

[Read the Complete Money Couple Minute HERE]

Make it Happen!

The Money Couple
Scott & Bethany Palmer

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4 Tips To Get Your Money Huddle Started

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

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5 Tips to Moving Back with Mom and Dad

Tuesday, June 21st, 2011

Okay, this might not be how you pictured your future. You thought you’d graduate from college and head off to your money-making job, your great apartment, your new life in the “real world.” Instead, that job hasn’t shown up just yet and you’re heading back to Mom and Dad’s house.

Whatever your reason for heading back home after college, you are not alone – not by a long shot. It’s estimated that nearly 85% of college grads move in with their parents after they finish school.

For most graduates, this is a temporary situation. But no matter how long you plan to stay with your parents, it can be a tricky arrangement for all of you, especially when it comes to money. Believe it or not, your relationship with your parents includes what we call a “money relationship” – how you think about and deal with money as individuals and as a family. And if you’ve ever argued with your parents about money, you know that can create some stress.

But with a little effort, you can make this time with your family a smooth transition between college and the next stage of your life.

Here are five ways to make it work:

[Read the Complete Money Couple Minute HERE]

Make it Happen!

The Money Couple
Scott & Bethany Palmer

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The Key To Craving Your Spouse

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

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Your Money Personality: The Risk Taker

Tuesday, May 24th, 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 Risk Taker.

[Read the Complete Money Couple Minute HERE]

Make it Happen!

The Money Couple
Scott & Bethany Palmer

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