This video outlines a process for making adjustments to the original plan while maintaining the core process values and incorporating the Five Pillars.
- Let's fast forward and imagine that you're totally up…and running with this new system.…After making the initial adjustments…to your roles, responsibilities, and routine,…you have a working cash flow plan,…and you're making progress toward joint goals.…And then, for some reason, it stops working.…Perhaps something shifted in your life,…or maybe you just fell out of sync.…The order that we want to assess what's happening…and determine what to change goes like this,…values, process, structure.…As an example of how we're going to do this,…let's revisit our couple from earlier…who are expecting a baby.…
They had been perfectly happy with their two pot system…of two equal earners and a mutual value on independence.…First, we revisit the values exercise.…The nature of life is change and…it's totally normal for people to grow and shift…as they respond to life experiences.…Sometimes we need to check in with ourselves…and make sure that our choices are in alignment…with what's most important to us.…It can feel scary when this happens for one person,…
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