Posts Tagged ‘money secrets’

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

6 Tips to Confirm Your Spouse is a Good Money Match

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

The Code has Been Cracked – How to Bring Love and Money Together

Tuesday, March 29th, 2011

Quick: When you hear the words “financial 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 financial 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.

If you and your partner are struggling with money issues, if you’re constantly fighting about your finances, if you just can’t seem to get on the same page financially, the problem isn’t your budget. The problem is that your financial relationship is broken.  And the best financial plan won’t change a thing.

[Read the Complete Money Couple Minute HERE]

Make it Happen!

The Money Couple
Scott & Bethany Palmer

Five Money Relationship Mistakes and Solutions: Part 2

Tuesday, February 1st, 2011

Agreeing on Giving

In our last Money Couple Minute, we talked about the money relationship mistakes couples make. There is a financial component to almost every decision we make as a couple – let’s learn how to make the financial communication the best so your financial relationship will be the best. This week, we’ll talk you through the solutions that can get your financial relationship back on track.

Mistake #1: Letting curiosity die out
Solution: Get to know each other all over again

Mistake #2: Worrying
Solution: Commit to a Money Huddle

Mistake #3: Giving up
Solution: Learn to fight FAIR

Mistake #4: Keeping money secrets
Solution: Put an end to financial infidelity

Mistake #5: Letting go of hope
Solution: Hold on to hope

[Read the Complete Money Couple Minute HERE]

Five Money Mistakes That Ruin Relationships: Part 1

Tuesday, January 18th, 2011

How to Have a Great Money Relationship in 2011

When we talk about your financial relationship, we’re not just talking about those moments when you and your partner sit down to pay bills or balance the checkbook or tally up receipts. We’re talking about the ways money decisions filter in to every part of your lives. That means that the way each of you thinks about money, talks about money, and deals with money will have an impact on everything from your grocery bill to your sex life.

That’s why it’s essential for couples to develop healthy financial communication skills. Part of doing that is knowing how to avoid some common pitfalls when in comes to money. This week is Part I of a two part series. We’re going to cover some of the financial mistakes couples make and ask you to think about how they might be affecting your relationship. Part II will give you solutions to these five money mistakes.

Mistake #1: Letting curiosity die out

Mistake #2: Worrying

Mistake #3: Giving up

Mistake #4: Keeping money secrets

Mistake #5: Letting go of hope

[Read the Complete Money Couple Minute HERE]

Make it Happen!

The Money Couple
Scott & Bethany Palmer

4 Ways to Agree on Tipping and How Much to Spend on Gifts

Tuesday, January 4th, 2011

The 5 Resolutions You Don't Want To Make

When we first got married, Scott had been working as a waiter. He lived off of his tips and knew other waiters depended on them, too. I, on the other hand, had never worked in the food industry and didn’t think much about tips beyond adding a standard 15% to my bill. The first time I watched Scott give our server an incredibly generous tip, I was stunned. That was “our” money he was handing out!

Scott is still a generous tipper but now we know we need to talk about money, not just assume the other person feels the same way about it we do. We have noticed that gift giving throughout the year can bring real tension to a relationship especially if one person is a Spender and the other a Saver. That’s why financial communication is so important in a relationship.

[Read the Complete Money Couple Minute HERE]

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.

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].

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.

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.