Getting on the Same Financial Page
Two recent surveys indicate that many husbands and wives are not just on different pages when it comes to financial matters, they're using different playbooks. As reported by MarketWatch recently, a Fidelity survey found that about a third of couples gave different answers to questions about everything from their expected age of retirement to whether they'll continue to work in their later years. One-fifth couldn't even agree as whether they currently use a financial planner. A separate survey from Mainstay Investments found 81 percent of married women said they shared financial planning decisions equally with their spouse. Just 41 percent of married men said they did so.
Matt's View
It may not seem very romantic, but maybe more couples need to plan some dates just to talk about money. Call them your monthly board of directors meetings and use the time to discuss upcoming financial decisions and to review your actual spending and saving versus your budget. Ah, you do have a budget , don't you?
This article filed in: Marriage
Managing Money by The Book
- "Therefore everyone who hears these words of mine and puts them into practice is like a wise man who built his house on the rock. The rain came down, the streams rose, and the winds blew and beat against that house; yet it did not fall, because it had its foundation on the rock." - Matthew 7:24-25
Recommended Resources
- Money, Purpose, Joy - Discussion Guide
- If you want to take your relationship with money to a whole new level, bring the subject into your small group. It can be scary to open up about money, at least at first. But the "Money, Purpose, Joy Discussion...…Read the rest
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