This video establishes our values for healthy financial management process: inclusive, transparent, equal, flexible, and sustainable.
- Let's talk about how we define a healthy financial system.…Even though different families…organize money in different ways,…there are five qualities every healthy system has in common.…When both partners use these five qualities…as the foundation of what they're trying to achieve,…we call that the central agreement.…First, we want a system that's inclusive.…Everyone gets to, in fact, everyone has to participate.…That doesn't mean that you both have…to do everything together.…We'll get into specialized roles and responsibilities…later in the course,…but it doesn't work for one person…to hand it off to the other or to shut the other person out.…
Sometimes this can seem like a solution in the short term…because it reduces the number of fights.…But inevitably, one person is either filled with resentment…and will start to act out,…or one person becomes the target for any and all blame…when something's not working.…Being inclusive is how we utilize all the pieces…for maximum balance and strength.…Next, our system needs to be transparent.…
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