Feb 12, 2021
We like to do an annual talk about money and couples and how to have good communication. Money is one of the most common reasons that couples fight, and it is one of the top causes of divorce.
Here are some ways you can manage money with your mate. First, ask yourself these questions:
Experts say talking about finances with your loved one is really important, even though it might be awkward. You need to talk about your debt, income, investments, financial obligations, etc.
“Talking about money is never talking about money. I have learned that money is the most emotional subject,” said Nancy. “Even in the best of times, money can be a little bit of trap. Sometimes it can be a time bomb in a relationship.”
In today’s episode, Nancy also shares:
Check out the full episode or use the timestamps below to hear a specific segment.
1:22 – Abraham Lincoln
2:50 – Managing money with your mate
4:42 – What are the three best purchases you have made as a couple?
5:28 – Talking finances is important
7:03 – How does your partner feel about money?
8:56 – Do you know your greatest fear with finances?
10:10 – Align your goals
12:44 – Why “budget” is a negative word
15:46 – Don’t keep secrets
17:09 – Set ground rules for talking about money
Read more and get additional financial resources here: https://www.flemingfinancialservices.com/podcast