Wed, 5 February 2020
Getting on the same page with finances can be tricky. Learn how you can communicate better with your spouse about money and more!
Why We Fight About Money
No one wants to have money be this source of stress in their lives, not in a strictly financial sense where you’re worried about the bills and definitely not in your marriage.
And yet, it is usually listed as one of the top reasons spouses have fights.
And if you have debt? It’s even more of an issue. In one study, with couples who carried debt, they found that 48% of those with over $50,000 of debt listed money as stress point compared to 23% of those with less than $10,000.
It makes sense, right – if you have the more debt you have, the more your current income is tied up to pay it.
So then couples usually want to come up with some plan to pay off their debt, but they hit a wall when it comes to making and executing that plan. There’s too much tension and blame to get things rolling.
But if you’ve listened to this for a while, you’ve heard stories of couples who have overcome some huge issues like massive amounts of debt, being hit with financial infidelity, or being on the brink of bankruptcy yet they managed to come out stronger paying off massive amounts of debt.
How do you get there though?
Through better conversations about money and more. It’s not easy to get started so today Traci Philips is going to share how we can better communicate.
As a Leadership & Performance Strategist, Traci assists her clients in identifying core challenges with her unique strengths in translating both verbal and non-verbal language.
Into this episode, we get into:
Let’s get started!
Resources on Marriage Fights & Finances
Want to learn more and become more productive with your money dates? Here are some resources to check out:
Thank You to Our Sponsor Coastal!
Support for this podcast comes from Coastal Credit Union. If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today!
We’ve been Coastal members for a few years have been happy with their services.
They also have competitive rates on their checking and savings accounts!
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Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere.
Direct download: S10E6_How_to_Diffuse_Money_Fights.mp3
Category:personal finance -- posted at: 10:09am EDT