This video offers a method to gauge effectiveness and identify what is/isn't working.
- Let's say this process really does kick up some issues.…What do you do when you find yourself…unable to get to a resolution using the five pillars?…Let's look at a few common dilemmas.…Sometimes in this new level of openness,…couples are shocked to discover something about…their partner's financial life…that they find truly distressing.…For example, in one family I worked with…the husband took out large loans…that the wife didn't know about.…The family wasn't spending extravagantly,…but they were living beyond their means.…The husband found it difficult…to say no to his wife or children…when they asked for things that seemed reasonable,…like taking a dance class or buying a birthday present.…
Because he managed the money,…the wife didn't learn about the problem…until quite a bit of debt had been incurred.…She understood that his heart was in the right place,…but she still felt betrayed that her financial future…had been imperiled without her knowledge or consent.…We had to work through that, focusing on…the broken process that had allowed this to happen.…
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