This is Us? Relationships and Money
Every couple has experienced it at some point or another. “Really” you say “how could I have married someone that would make this kind of decision about…” and you can fill in the blank. One of the things that is a given in any relationship is that we will disagree at some point. Things that seem so simple to you, may be very foreign to your partner.
When it comes to money the stakes are high, and the disagreements can escalate quickly. Per Dr. Leon F Seltzer, writing for Psychology Today, the single best predictor of divorce is the frequency of money arguments. Now, before you write your marriage off, maybe there is a way to better understand how your spouse or significant other thinks about money. Before understanding that, maybe we should understand how we think and feel about money. And maybe, just maybe there is a way to communicate between the two?
In his book “The Money Code”, Joe Duran discusses the different money minds, and their respective decision making methods. He then provides a recommendation on the way that the different money minds can communicate with each other. After all, when you understand why they are making what you consider to be bad financial decisions, maybe you can find a process that works for both of you.
February’s edition of Brown Bag University will look at this topic and allow each participant to determine their money mind, through a fun quiz. (You can take one home to your spouse, fiancé, girlfriend or boyfriend too!) So, join us for this free event and begin to work together on your financial goals, even if you think differently!