Learn how you can protect your loved ones financial abuse and how to minimize the damage if it happens! Financial Scams and Protecting Your Family A few years ago, my husband’s nana had sent over money to a scammer pretending to be him. She had thought he needed help and so she generously sent it […]
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In this week’s episode we’ll be discussing one of the biggest concerns couples have when it comes to love and finances – having the money talk. When I say the, I mean the exposing your finances to one another. This is a big step and for many it is a scary step, especially if there is some messiness like debt involved.
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Talking About Money with Your Spouse
For years, I shared monthly net worth updates on Couple Money, but I don’t think I really got into the first time we had an open and honest conversation about our finances. In the podcast, my husband joins me as we reminisce about our own money chat.
We began our money chats when we got engaged and it has made all the difference. Did we do everything right? No, but we had a foundation that has helped us find a way to communicate and get a system started for handling our money that worked for both of us.
I also share some tools and tips that you can use to prepare you for when you have to talk to your spouse about finances.
I want to share some wonderful personal finance podcasts, blogs, and books that I think can help you get excited and ready about money.
- Better Conversations on Money and Marriage: Derek and Carrie Olsen have fantastic show where the two of them talk about working together on their finances and life.
- Stacking Benjamins: Average Joe and the Other Guy chat about earning, saving,and spending with a plan along with financial trends going around.
- Listen Money Matters: Andrew and Matt share practical and actionable money tips to help you with finances in a fun and bold way.
All of these podcasts also have blogs, so you can get notes and more information if you want.
Personal Finance Blogs
Too many to mention all of the ones I read, but here are five that you can bookmark.
- Make Love, Not Debt: I’ve been following this blog since I started Couple Money years. Him and Her are a happy couple licing in Chicago who have written about their engagement, marriage, and domestic adventures.
- Debt Discipline: Brian who share how his family paid $100,000 of debt last week, has a fantastic blog. You can see how far they have come and you can follow them as they start the next leg of their financial journey.
- Our Freaking Budget: Joanna and Johnny write about budgeting in a way that they can enjoy living in the present and still save for the future.
- Budgets Are Sexy: J Money blogs about growing your net worth by saving, hustling, and investing. Down to earth and funny, his posts will give you some food for thought.
- Cash Cow Couple: Jacob and Vanessa are a debt free 20something couple focus on having a simple life and building their finances together.
For readers, here are my three picks:
- I Will Teach You to Be Rich: Name sounds scammy, but the information inside is incredibly useful. I love how Ramit gives actual scripts you can use to get fees waived, slash some of your bills, and even having the money talk.
- Your Money or Your Life: If you two are thinking about financial independence and perhaps retiring early, this is a wonderful book to jump into. It’s looks and both the finances and the mindset to becoming debt free, having a career that fits your values, and investing for the future.
- Total Money Makeover: Dave Ramsey’s bestseller gives simple and powerful steps to help you get out of debt and build your net worth.
Love to Have Your Support
If you enjoyed the podcast, could you please share this with your friend or leave a rating and review? If you have any questions about this episode or ideas for future ones, please leave a comment. My goal to make this podcast both motivating and practical for couples looking to building their marriage and finances.
Thank you and take care!