This video addresses and provides solutions for common difficulties or places where the plan can go off track.
- If you've followed all of the steps…that we've covered so far,…then you've probably made a few or maybe a lot of changes…to the way you've been managing money.…Some of those changes may feel easy…and others not so much.…So, how do you know if they're working?…After a month or so I recommend that you schedule…a specific time to sit down and discuss…how it's going.…Both partners can share what they feel is working…and what still may need to be tweaked.…You might also invite input from your kids…depending on their ages.…
Look for concrete signs of improvement.…Are you able to pay your bills…on a timely and consistent basis?…Are tasks being executed according to plan?…And are rules and responsibilities being met?…If money is working better,…there should be an increase in stability…and a sense of order and predictability…in your financial life.…On the personal side we can assess effectiveness…using our old friend, the central agreement.…Are both people's priorities reflecting in the way money…comes into your household and how it's directed…
In this course, financial therapist Amanda Clayman shows how to tackle the financial difficulties that often sour partnerships by walking through how to create and follow a family cash flow plan. Using her five pillars of financial harmony as a guide, Amanda explains how to construct a plan that engages all family members in its implementation. Looking at money management as a system designed to meet your specific needs, she highlights common financial conflicts and shows how to create a healthy, sustainable plan. She explains how to establish ground rules for communicating effectively, prioritize each partner's "asks," assign money management roles suited to each partner's strengths, and bring it all together into a working plan.
- Why couples fight about money
- Exploring values
- Communicating effectively
- Being clear and concrete
- Negotiating successfully
- Assigning roles suited to each partner's strength
- Setting up a routine
- Creating your family cash flow plan
- Dealing with dilemmas
- Making changes
- Engaging children in your family's cash flow management process