What are some of the MAJOR challenges that couples face when it comes to money?
In this episode with money coach and former financial adviser Karen Eley, we dive into financial intimacy, money challenges, being curious about how our partner makes money decisions, understanding each other’s money stories and much more!
Plus, Karen challenges us to reflect on whether our values align with our actions.
Have you listened to Part 1 with Karen Eley? Tune into our chat about our relationship with money here.
Here are some of the things we discussed in this conversation:
- What is financial intimacy?
- What are some of the common challenges couples have around money
- argue over how money is spent/saved (the challenge in balancing enjoying today and securing the future)
- differences in risk-taking levels, one a spender – the other a saver
- one carries all of the financial responsibilities, and the other is dependent
- one partner dominating or controlling family finances
- financial infidelity (keeping money secrets)
- What are my values → distinction lived vs aspirational
- Unpack the following essential elements to creating financial harmony in a relationship
- Uncover What Money Means to You – as an individual
- Explore each other’s Money Story
- Healthy Communication Framework for Talking about Money
- Set Joint Financial Goals
- Appoint Roles in Managing your Finances.
- Regular Money Check-ins/ Money Dates
- Discuss the 8 Money Types (kind of like the Myers Briggs test for your money) and work with your partner’s money type
