This video demonstrates how when conflicts are properly understood and a healthy process is put in place, most couples learn they are more financially in sync than they originally thought.
- For the vast majority of couples…I've worked with,…the source of the financial conflict…is very helpful in pointing us towards…an area of their relationship…that's out of balance.…What do I mean by that?…As I mentioned before,…our family system is a sort of team.…Team members typically have different strengths…and points of view.…So, think of a fight that couples have about money.…Maybe how much the family needs to save.…I once worked with a couple…for whom this disagreement was so intense…that one person was sleeping on the couch.…The wife thought that the husband was irresponsible,…and the husband thought that the wife…was demanding too much sacrifice.…
They came to me hoping that I would declare a winner…and the other would have to capitulate.…So who won?…I helped them understand that their fight…was a broken down attempt to find balance.…When the wife felt anxious about money,…her response was to try save more.…But her "more" wasn't clearly defined,…it was just more.…Her husband was optimistic that…their current efforts would be enough.…
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