Discover how to tackle the financial difficulties that often sour relationships by learning how to create and follow a family cash flow plan.
- We've all heard the grim reports. That money is the number one source of relationship conflict and the leading reason that many couples divorce. What is it about money that makes it the battle royale? Hi, I'm Amanda Clayman, a Financial Therapist and wellness expert. In my decade plus in practice, I've built a national financial wellness program and worked with thousands of individuals, couples and families to help them bring money into balance. In this course we'll take a step back from the frontlines and learn how to work together toward a shared financial future.
When you're a kid your parents usually teach you things like how to ride a bike, cook an egg, and make your bed, rarely do they sit you down and teach you how to talk about money. For most of us the personal side of money is something that we never really discuss. The lessons we learn are ones that we pickup through observation. Through watching our parents and thinking I want to be just like that, or I'm going to do so much better than that. And then we partner with someone who may have had very different role models and who was impacted by different early life events.
What if you saw your parents struggle, and set out to be a determined saver, and your spouse has a live for today attitude. You can learn to resolve these financial differences, and make money an area of strength and connection in your relationship. First, we'll take a look at why we're predisposed to have the money fight and define the characteristics and components of a healthy system. Next, we'll create a model for making money discussions collaborative, constructive, and fair. Finally, we'll use this framework to setup a money management system that includes and engages the whole family.
Financial harmony is not about one person winning, or getting their way. You each have something valuable and unique to contribute to this process. My job is to help you better understand what you each bring to the table. And how to build something great, out of those different pieces.
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