Should you split finances in marriage? In today's episode, hosts Chad Willardson and Scott Donnell discuss the benefits of being honest and transparent about finances in a marriage. They go through practical ways to talk about money with your spouse and how financial dishonesty destroys intimacy.
- Scott starts the conversation by explaining how raising smart money children requires input from both parents.
- How transparent should you be about money with your partner? Chad and Scott believe the more open you are, the more stable your relationship will be.
- According to Chad, people often marry polar opposites when it comes to finances - there is always a spender and a saver.
- Although there is no one-size-fits-all answer to finances, Chad and Scott agree that if you plan to stay married, you must be honest about your finances.
- If you want alignment in your marriage, you have to work together as a team.
- Scott describes how transparency builds confidence and intimacy in a marriage.
- For Chad, there is no point in hiding your finances because you'll have to face the truth at some point.
- Scott reveals the role finances play in building physical and emotional intimacy.
- Chad and Scott agree that secrets, especially financial secrets, ruin beautiful relationships.
- Chad shares why it's impossible to agree on finances 100% of the time.
- Scott and Chad break down financial infidelity - Do your marriage a favor and stop keeping money secrets from your spouse.
- Chad highlights the benefits of sharing your financial goals with your partner.
- According to Scott, great things happen when a couple becomes financially aligned.
- For Chad, the non-financially inclined spouse will appreciate you more when you're open and transparent about your finances.
Mentioned in This Episode:
gravystack.com/smart
smartmoneyparenting.com
Smart, Not Spoiled: The 7 Money Skills Kids Must Master Before Leaving the Nest by Chad Willardson
Value Creation Kid: The Healthy Struggles Your Children Need to Succeed by Scott Donnell and Lee Benson
Scott Donnell on LinkedIn - https://www.linkedin.com/in/donnell-scott
Chad Willardson on LinkedIn - https://www.linkedin.com/in/chadwillardson
Scott Donnell on Instagram - @imscottdonnell
Chad Willardson on Instagram - @chad.willardson
Scott Donnell on TikTok - @imscottdonnell
