How Couples Can Resolve Their Biggest Fights Over Money
photo couple fighting over money
We'd like to share an insightful resource for those wanting to dive deeper into the psychology of money and relationships.Bradley T. Klontz, Psy.D., CFP®, self-described "financial psychologist" and author of several books, answers these questions and more:
How healthy is your relationship with money?
Are you honest with yourself about your spending and saving habits?
How do you handle it when one spouse is more of a spender, and the other more of a saver?
What do you do when spouses have different priorities on big-ticket spending?
How do you treat children from both sides of a blended family fairly?
Dr. Klontz is the Founder of the Financial Psychology Institute and an Associate Professor Financial Psychology at Creighton University Heider College of Business. His work has been featured on 20/20, Good Morning America, The Wall Street Journal, The New York Times, Kiplinger’s and more. You can find out more about him at Your Mental Wealth.Check out this short article and video interview with Dr. Klontz from the Wall Street Journal: "How Couples Can Resolve Their Biggest Fights Over Money."We also highly recommend Dr. Klontz’s book, Mind Over Money: Overcoming the Money Disorders That Threaten Our Financial Health. He explores "money scripts," our assumptions and beliefs about money and describes how they developed. He also explains "money disorders," self-defeating and self-damaging financial behaviors and how to address them.If you missed any of our articles about financial intimacy this month, here are the links:The Number One Cause of Conflict Between Couplesdiscusses the impact of our money history on our present relationship and suggests questions to help couples explore this topic.How Financially Intimate Are You and Your Partner?looks at the meaning of "financial intimacy." It includes a short self-assessment for each partner to take to then jumpstart a conversation on understanding each other’s feelings/thoughts about finances.How Couples Can Resolve: "Who's Right About the Money?"explores what happens when couples argue about spending money for individual desires, hobbies, activities or items that their partner feels are extravagant.We'd love to hear your thoughts about financial intimacy on our Facebook page.If you are not in a relationship and want to be, we can coach you to find a partner.For those of you in relationships, experiencing difficulty, we are here to help.Call us at 410-363-2825 or email us for more information.Image Copyright Elnur Amikishiyev