This video teaches the importance of having a clearly established and mutually understood routine so the various roles can operate effectively.
- [Instructor] Once you have roles…and responsibilities established,…we need a routine, to organize how those jobs are done.…The routine is the unsung hero of financial success.…You'd be amazed, how much chaos can be tamed,…how many problems can be solved,…and how many goals can be achieved…when you have a regular financial management routine.…Let's take a look at the roles and responsibilities…you just discussed.…Have each partner write down the areas…where they're taking the lead role…and the time associated with each of those responsibilities.…
Now take a look at your individual schedules…and put those tasks in your calendar.…But it's not simply about the time involved,…also consider how much energy…and attention you have available,…relative to the other commitments…and activities in your life.…Personally, I think it's easier…when people take their responsibilities in manageable chunks…instead of one long marathon session,…but that comes down to preference.…Just because something goes into your calendar,…doesn't mean it's written in stone,…
Released
4/4/2017In 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
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Video: Setting up the routine