Today’s episode is titled "Finances - The Great Divide"
Why are we doing this episode?
- To help our listeners by share our own experiences and what we have worked on and worked through
- It’s a real problem and a leading cause of issues and divorce in marriages:
- Data from TD Ameritrade found that 41% of divorced Gen Xers and 29% of Boomers say they ended their marriage due to disagreements about money.
- A study of more than 4,500 couples published in the journal Family Relationships states that arguing about money early on in your relationship, may be the No. 1 predictor of whether or not you’ll end up divorced.
- Why is it such an issue? Well, a study by Ramsey Solutions found that the stress created by the crushing burden of debt and the lack of communication in a marriage is a breeding ground for argument.
- We also believe that lack of communication can create a distrust issue, whether perceived or real.
- Hiding money
- Secret spending
- Perceived power play
Topics we discuss specifically
- How to start off on a good foot together as a team
- Who is the spender and who is the saver
- What’s Mine, Yours, Ours
- Manage extended family expectations
- Managing large purchases
- How to successfully work through financial trouble
