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:

• What are the three best purchases you have made as a couple? That will bring up some happy memories.
• How does your partner feel about money? How you were raised plays a major role in how you feel about money. Focus on understanding each other’s mindset.
• Do you know your greatest fear with finances? All of these feelings will play into your marriage.

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:

• How to align your financial goals with your spouse
• Why she doesn’t like the word “budget”
• Why keeping money secrets from your spouse is a terrible idea

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