Finance$ with a Female Focu$ "it’s NEVER just about money!” Brought to You by money management Counselors/FI$C a non-profit Serving door & Kewaunee counties since 1994 |
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Greetings to some awesome women! Welcome to “Finances with a Female Focus” Newsletter #9 Happy autumn to everyone and hold on to your hats! The autumn and winter holidays are coming up fast! In this issue, we have loads of useful information, tools to make your holidays easier step by step and some food for thought about finances and fidelity. What does money have to do with faithfulness and trust in a relationship? Well, it turns out that it has a LOT to do with building trust and transparency in relationships. Honest. It is a concrete avenue with which to openly discuss your values about spending, saving, debt and money management tools. And, we will also look at the “other side” – how to recoup financially after divorce or the death of a spouse or partner; how to prepare for the loss of a spouse or partner. At Money Management Counselors we help couples get on the same page about money issues, plan for combining finances and discuss end of life financial issues as well. It is never just about money and the choices are always yours to make. Call us if you are interested in an appointment. And remember, happy holiday seasons are built on healthy financial decisions! And remember, call us to set an appointment if you’d like 1-1 confidential, non-judgmental assistance moving through any financial transition. The choices are always yours to make! |
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In This Issue How to talk about money in a relationship? A Complete Money Guide for All Types of Couples Financial Resources for Unmarried, Married, and Divorced Couples, A quiz to review how your financial relationship is with your partner, A Great App that will assist you with managing your monies and reaching your financial goals, A Great Book for women-which will help you learn how to have a better emotional relationship with money, A Free 2018 Spending Less Holiday Planner which will help you focus your priorities, set your holiday budget, organize your schedule, prepare your gift list, and plan all your holiday menus. , and many more great tips and articles for women to take control of their money. |
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How Combining Finances Actually Made My Marriage Better by: Rachel Cautero "Another reason why the first year of marriage can be bumpier? Sharing finances for the first time. In fact, studies have shown that couples fight about money twice as much as they fight about sex, and money issues are the source of 22 percent of all divorces. And it’s no wonder. Two people entering into a marriage undoubtedly have various ideals and attitudes about money. One may be a diligent budgeter, the other might not understand how to balance a checkbook. One may feel justified buying a new phone every year, the other may insist on keeping a car until it falls apart sometime after 200,000 miles. But when my husband and I got married, we’d already been sharing finances for two years. It has helped our marriage like nothing else we’ve ever done. Here’s why." Excerpt from Article | | |
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Financial Shades of Grey: What Are You Hiding From Your Partner? Take our (anonymous!) survey to see if you’ve crossed the line. By Jean Chatzky Updated February 09, 2018 | | |
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Suggested Book All the Money in the World: What the Happiest People Know About Wealth By: Laura Vanderkam The universal lament about money is that there is never enough. We spend endless hours trying to figure out ways to stretch every dollar and kicking ourselves whenever we spend too much or save too little. For all the stress and effort we put into every choice, why are most of us unhappy about our finances? According to Laura Vanderkam, the key is to change your perspective. Instead of looking at money as a scarce resource, consider it a tool that you can use creatively to build a better life for yourself and the people you care about. Drawing on the latest happiness research as well as the stories of dozens of real people, Vanderkam offers a contrarian approach that forces us to examine our own beliefs, goals, and values. (Amazon) “If you have been awake for the last five years, then you know money is emotional. Most of the time we make these massively important decisions about how to earn it, spend it, and save it without pausing to think about how these decisions affect our lives. Laura Vanderkam brings a fresh dose of common sense to this madness by urging us to step back and reexamine the role money plays in our lives. Unlike most personal finance books, which leave you feeling stressed, All the Money in the World will empower you to live a truly richer life.”—Carl Richards | | |
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How to Talk About Money in a Relationship By Farnoosh Torabi | September 9, 2018 "In a serious relationship or thinking of getting married? Here are seven money moves to make to get your relationship and finances in order.As my friend and financial author Beverly Harzog says, “You don’t want to wait until you’re madly in love and committed before finding out your future husband has a terrible credit score and $30,000 in credit card debt.” After all, arguments about money are a leading predictor of divorce. If you’re in a serious relationship or planning to tie the knot, here are seven things you should talk to your partner about now. (Already married? It’s not too late.) "-Excerpt from Article | | |
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| | Suggested App PocketGuard (Android, iOS: Free) PocketGuard (Android, iOS) is an all-in-one bank account tracking and budget management app that shows you how much you've got in your accounts, as well as how much you can afford to spend for the day. The app connects to your bank and card accounts through an encrypted, read-only connection, allowing you to quickly view the status of your accounts and transactions while remaining secure. The app automatically sorts your purchases, subscriptions, and bill payments, and factors in your previous spending factors to provide you an estimate as to how much you can safely spend from your accounts without going into the red. Money management in one place● Manage your bank accounts, credit and debit cards in one place — even if you are using different banks | | |
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● Sync your loans, savings, and investment data — get an actual, transparent picture of your finances ● Connect all of your financial accounts in one place and see what’s really going on with your money Spending tracker with a clear picture of your finances ● Track your income and expenses ● See exactly how much is in your pocket● Compare your spending habits month by month ● Create spending limits and get timely notifications when the balance is low ● Establish saving goals and reach them with the spending tracker ●Stay on top of your spending habits — see exactly how much money is spent and where exactly it goesLower your billsCertain you’re getting the best deal with all of your monthly payments? Cut your regular bills for Comcast, AT&T and many other providers by up to 25% without leaving the app.Timely notifications and alerts● Receive timely reminders about credit card bills and loan payments ● Get alerted when a bank fee or any unwanted charge hits your accountSecurity and data protection ● 256-bit SSL encoding protects all of your sensitive data ● Additional 4-digit PIN ensures no one can access your financial data if the phone is lost or stolen ● Read-only connection with your bank makes it impossible for anyone (you included) to move money from your bank account via PocketGuard; for all of the bank transactions, you will have to use a dedicated online banking app. | | |
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The Complete Money Guide for All Types of Couples Financial Resources for Unmarried, Married, and Divorced Couples By Deborah Fowles "This money guide for couples contains three sections of dedicated financial and money-related resources to cater to all types of couples. You'll find here articles to suit the money needs of unmarried couples, resources with financial advice for married couples, and even sections dedicated to money advice for divorced or divorcing couples." A quote from the article | | |
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How to Curb Financial Anxiety By Nancy Mann Jackson "If you're stressed out about money, you're not alone. Here are seven strategies to employ that could help curb that anxiety. Regardless of your income level, you’re probably affected by financial stress. Whether you’re trying to get out of debt, protect your investments or save up enough to retire or send your kids to college, money often causes anxiety. In fact, nearly 23 percent of millennials say financial anxiety makes them physically ill weekly or monthly, according to research from Northwestern Mutual. More than half say they experience high to moderate anxiety about losing their jobs, and another 24 percent say financial anxiety affects their relationship with a spouse or partner hourly, daily, or weekly." Excerpt from article. | | |
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FREE Annual Living Well Spending Less Holiday Planner will help you focus your priorities, set your holiday budget, organize your schedule, prepare your gift list, and plan all your holiday menus. "It’s a little hard to believe, but the holiday season is right around the corner and will be here faster than you can say Trick-or-Treat! So the big question is this—are you ready? If you are anything like me, this is about the time of year, before all the craziness has started, where you swear to yourself that THIS year will be different. Sound familiar? Believe me, I get it! The planner is intended to help you create more joy and less stress around the holidays. It will help you prioritize your time, set a budget, plan your meals, create a gift list, and make the most of your holiday season. In fact, this year’ s version includes shopping plans for Black Friday and Cyber Monday, multiple grocery lists for your different occasions, and even a party planning worksheet. In other words, it is a total lifesaver–one that might just make all the difference for your sanity this year!" A quote from the article | | |
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7 Common Money Lies Couples Tell By Molly Triffin "One in three adults who have combined their money in a relationship admit to committing financial infidelity against their partner. These breaches of trust are surprisingly common: According to a survey by the National Endowment for Financial Education, one in three adults who have combined their money in a relationship admit to committing financial infidelity against their partner. And 76 percent of those people concede that their deception has affected the relationship. Why all the fibs about your finances? We dug into the reasons behind some of the biggest fiscal lies couples tell, and the steps you can take to get back on track." Excerpt from article. | | |
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