How to Talk to Your Spouse About Money

Building wealth is a lot like building a strong marriage.

Both require determination, passion and the ability to communicate effectively.

Determination

Marriage is not a spectator sport.  Neither is building wealth.  You must be determined to be in the game and make certain you’re not taking your current status for granted.  Don’t take your eye off of the prize.

ACTION:  This week, make financial and marital commitments to each other about areas where you both want to improve.  Write them down and check on your progress throughout the year to ensure you’re improving.  With the right attitude of partnership, the two of you will have a lot of fun planning together.

Passion

Having goals, dreams and desires are what fuels our everyday decisions. Keep that end goal in mind when you are going through your daily routine.  Ensure the decisions you are making today are in support of the long-term goals for your marriage and your wealth.  That passion for the ideal relationship and for financial freedom will drive you to success together.

ACTION:  Set financial and relationship goals for the new year with your spouse.  Is this the year that you’re going to finally eliminate those student loans?  Can you afford that romantic getaway this summer?  Plan together and get motivated to make your dreams become a reality.

Communication

As they say, communication is a two-way street.  What drives you, might not drive your spouse.  Take time to share your goals and desires with your partner and ask them to do the same with you.

Even if your goals are different, through strong communication you will find a way to work together.

ACTION:  Go on a monthly “Money Date”.  This is time for you and your spouse to discuss your finances, your dreams and to have some fun.

How to Talk to Your Spouse About Money

To give you some tried and true advice on how to put determination, passion and communication into your relationship, I have invited Elle Martinez to chat about how to work with your spouse on making your finances a priority in the new year.

Elle is the founder of Couple Money which specializes in solutions for married couples to build wealth together.  Elle’s advice comes from her very real experience being married, running a business and raising two small kids.  Over the past few years, she’s also interviewed dozens of couples who are winning with money.  

If you’re interested in upgrading your financial situation and want to get your spouse on board, Elle has some priceless advice for you today.

Enjoy the show today and happy new year!

Show Notes

“New Year, New You” Summit:  An online summit focused on helping you improve your finances in the new year.  Hosted by personal finance experts.  A great way to start off the new year!

Dave Ramsey’s Book:  This author was mentioned in the show today as a great reference for dumping your debt.

Author: Andy Hill

Andy Hill, a mid-30’s father of two living in the metro Detroit area, pens the MarriageKidsandMoney.com (MKM) blog taking you through the trials and tribulations of being a young parent and husband who is planning for his family’s future and winning with money.

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