Have You Had the “Money” Conversation with Your Spouse Yet

Have you and your spouse ever argued over money? It’s a rare married couple who doesn’t. Money is a hot button topic for many couples. If you and your spouse don’t think about money in the same way, it can create a lot of tension.People tend to attach so many emotions to money. So it’s important to have an open discussion with your partner about how each of you feels about making, saving, and spending money.

A recent New York Times article poses seven questions that are sure to help you start this conversation. It also shows why each question is valuable in uncovering feelings about money. I encourage you to make the time to read this article and use it as a springboard for a candid conversation with your family this coming week.

1. What lessons about money did you learn from your parents?

2. What does the word “money” conjure up for you?

3. How many children would you like to have when you retire?

4. How do you think your children feel about that?

5. What was your financial situation when you first met?

6. What are the most important things in your life?

7. What does the prospect of retirement look like to you?

Like everything else in a relationship, money needs to be discussed and planned for. Becoming aware of your own biases and skewed perceptions about money will help you break through unnecessary roadblocks to handling your finances responsibly. Developing a solid plan for the management of your money requires a thoughtful dialogue with your partner, or your dreams may be foiled.

If you need help uncovering your deep-seated beliefs about money and how these are concealing deeper, hidden issues between family members and you live near Portland, OR/Vancouver, WA please contact my office and schedule an appointment.

Also, check out my book, Entrepreneurial Couples – Making it Work at Work and at Home. It’s an invaluable resource for reeducating yourself about money, redefining your attitudes about wealth, and planning for the healthy management of your wealth. I suggest reading and discussing it together as a couple so you can openly discuss this touchy topic.