Strange as it sounds we all have a relationship with money. Think about it, it does make sense. The world is about relationships and money is no exception.
In fact, your relationship with money is the longest relationship you will have in your life!
Money is everywhere, we really can’t ‘opt out’ and say we want nothing to do with it. Unless you want to be a hermit in deepest darkest Kazakstan and be self-sufficient. Not my idea of fun. Continue reading
In a TV documentary the other week, a new survey in the UK revealed that 34% of newly married couples had separate bank accounts. Was this the secret to a long and happy marriage?
The other stats that came out of the survey; 80% of those that have been married over 30 years have joint accounts.
So what’s the secret? Is there one? We have covered this before, most recently in a video from our series, Couples and Money so let’s take a look at the fundamentals. Continue reading
A happy money marriage is a key ingredient to a happy marriage. We all want a live happily ever after with the person of our dreams. The intention is to spend the rest of our lives together. But the sad reality is that 70% – 80% of relationships that break up, blame money.
So, if you want a happy money marriage you need to talk about money and deal with money as a couple.
Here are a few tips for a happy money marriage.
Communicate about money
All our decisions are governed by emotions. Food is a classic example, when we see that sandwich or the chocolate cake or the donuts, we can taste it. Our emotions have told us.
Money is another classic example. If we are happy, sad, stressed or angry, it is very easy to take the credit card for an outing to make ourselves feel better. If you use money in this way, that is what your children will also learn.
Seth Godin said, “we have a conflicted emotional connection to money.” Continue reading
Conspicuous spending or Keeping up with the Joneses and using money as a status symbol, used to be thought of as the prerogative of the rich and famous. Well not anymore.
Why do we feel the need to be keeping up with the Joneses? We see it frequently with clients, “We couldn’t possibly cancel the holiday, it simply wouldn’t look good.”
So what! What is more important looking good or staying afloat financially? Well, it seems for many people, it is looking good in the eyes of others. Continue reading
Lynda was presenting at a women’s conference recently about Money and Mindset. At the end of the presentation she was asked this question, “my daughter is in a new relationship, when she should talk to the new boyfriend about money?”
“As soon as possible!!” she said.
Just let me clarify. You certainly wouldn’t talk about your financial situation or expectations on a first or maybe even your sixth date! But once the toothbrush starts moving and you are planning further ahead than just the movies or dinner next week, the relationship is looking a little more serious. Continue reading
I want to talk about and plan our money, but my partner doesn’t!
Are you feeling nagged or hounded by your partner about money? It can be very frustrating for you both when one of you wants to talk about money and the other one doesn’t.
Here are a few reasons that this can happen and what you can do about it. Continue reading