This video helps couples identify what is most important to them and what they are trying to use money to accomplish.
- [Narrator] I want you to consider something carefully.…Financial values are human values.…Yes money is the means to food, shelter, and safety.…But it's also a factor in how we define meaningful work.…How we take care of ourselves and others.…And how we structure the life we want to live.…Think of money as a concrete and neutral energy source,…that we direct towards the things that are important to us.…Identifying what those important things are,…well that's the definition of your financial values.…Sounds pretty straight forward, right?…Here's where it gets tricky.…
Number one, we have three different kinds…of financial values.…We have values related to how money comes in,…how it goes out, and the overall quality of life…we hope to create with it.…For example, it might be important to someone…that her income be stable, or to only take work…in a particular field.…On the spending side, a person might want to use…money to take care of others or to buy items…that convey status or membership.…Think that last one sounds superficial?…
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