Posts Tagged ‘money secrets’

Should You Go Into Business Together? 5 Secrets to Making It Work…

Monday, June 21st, 2010

For many couples, the idea of working together sounds heavenly. But we’ve seen so many life partners try to be business partners only to find that their finances - and their relationships - can’t survive the shift.

There are, however, couples who can make a business work–we work together and love it. So if the two of you are considering starting a business together, here’s what you need to know:

1. You Must Be Equals
2. Know What’s Really Involved
3. Capitalize On Each Other’s Strengths
4. This Is a Financial Decision, Not an Emotional One
5. Have Regular Business Meetings

Read the entire Money Couple Minute including the full details under each point mentioned at “Should You Go Into Business Together?” You can view all the past Money Couple Minutes HERE.

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4 Steps to Confront the Financial Cheater

Monday, May 24th, 2010

Shelley was putting away her husband’s laundry when she discovered a stash of bills for a credit card she didn’t recognize. It’s a story that plays out over and over with couples we talk to. Everything seems to be fine and then Bam! One of them discovers the other has been keeping money secrets.

If you’ve just discovered your partner has been hiding money from you, using a secret credit card, or lying about spending, what we call “Financial Infidelity”, you have a choice to make…[Read the entire Money Couple Minute HERE].

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Are Separate Accounts a Good Idea?

Friday, September 4th, 2009

Separate 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.

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The Five Categories of Financial Infidelity

Tuesday, August 18th, 2009

The five categories of financial infidelity are affecting relationships all over world. These categories include: overspending and debt, financial separation, lack of planning, control, and money secrets. Get detailed descriptions on the five categories in the Money Couple Minute, “The Five Categories of Financial Infidelity”. Also, you can watch the Money Couple on ABC’s News Now program on the segment, “Good Money,” as they go into more detail and answer viewer questions relating to the five categories of financial infidelity.

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