“Talk About Money – I’d Rather Have a Root Canal”
Money! That one word evokes a lot of emotion. For some, it means freedom, choices, possibilities, an exciting future etc. For others, it’s a reminder of everything they don’t have. It may bring up feelings of regret or despair. “if only…”
Money is neither good nor bad in and of itself. It amazes me how few people are willing to actually have an open, candid conversation about their money or their finances. Unfortunately, this hesitancy also applies to married couples. Since many couples never learn to actually have healthy financial discussions, it’s no surprise that these same couples have constant friction surrounding their finances. They may find themselves arguing about times when one of them overspends, or when large credit card bills come in, or why there isn’t enough money in the bank to be able to take a family .vacation.
What I propose is this: Open a healthy dialogue about your money. Start having regularly scheduled budget meetings. (Keep them simple). Include how much is coming in (include all sources), how much is going out (and where it’s going). Get to the place where you can agree how you are going to handle debt. Start thinking about what you would like your financial future to look like and what steps you will need to take to get there. It will be much easier and infinitely more powerful if you take the time and the energy to get on the same page. Once that is accomplished, you will be able to save yourself a lot of heartaches and you may be surprised that together you can open the door to a brighter and much less stressful financial future.
Dr. Mark Richardson