Always a firm believer in not messing with a good thing, this month's Newsletter for Couples has a few something old, something new, a few borrowed, and I think we've had enough of the past year of blue. We are not too far away from starting a New Year to look at new spending habits or ways to readjust budgets. For may, tax time is beginning, so before you spend those returns, take a pulse on your long-term financial goals. Let us help you navigate a path using all you have at your disposal, from reexamining your credit card debts to saving for that future home or paying medical bills. We are available to assist you in creating a plan. Cheers and Elbow Bumps, Leslie Boden - Director |
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6 Keys to Mastering Money as a CoupleBy By TIPIWA If you are reading this, then you are probably thinking and strategizing about how you and your honey handle money. Congratulations! In strategizing about how you manage money as a couple, you are well and truly ahead of the curve! If you work as a team, you will go much further. As the African proverb says; “If you want to go quickly go alone. If you want to go far go together.” If you want to go quickly go alone. If you want to go far go together. I won’t bore or depress you with statistics about money and marriage, or rather divorce. Instead, here are six keys to thriving in the money aspect of your relationship and/or marriage. | | |
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Watch what happens when couples exchange phones and look at each other's bank statements. Would you ever do this with your significant other? |
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An Ameriprise study on Couples and Money
Discussions about money have the potential to make or break a long-term relationship, depending on how couples address their differences. A new study explores common characteristics of healthy financial relationships, how couples work together — or separately — to manage their assets, and challenges that could get in the way of their success.
We asked more than 1,500 couples (those married
or living together for at least six months) about
their money conversations and how they make
financial decisions.
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Money is one of the biggest reasons couples fight and break up. Therefore, make sure you talk about it! Couples discuss their partner's worst spending habits. |
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Tips for Talking With Your Partner About Finances By Deborah Fowles Psychologists say that many people will talk about anything, even sex before they talk about their finances. Why is it so difficult for us to talk about money? Perhaps because money symbolizes different things to different people: power, control, security, or love, for instance. It's been estimated that money issues are the driving force in 90% of divorces, but you CAN live happily ever after, financially speaking, if you work at not letting financial issues come between you and your partner. In her book "Talking Money," Jean Chatzky, columnist for Money magazine and a regular contributor to the Today show, offers practical advice for talking to your spouse or life partner about this emotionally charged issue, including these tips for twosomes: | | |
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Don't lie! Who's better with money? Cheddar's couples debate who's the bigger spender, who's better at saving money, and buyer's remorse. |
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Personal Money Motivations Self-Test
From “Couples and Money” by Victoria Collins Look at your primary money drives to get important info about your (and your partner’s) behavior. What DOES money mean to each of you? What sparks your urge to make it or spend it? | | |
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