Thursday, January 30, 2014

Creating financial success in your marriage

Getting on the same page: What would financial success look like in your marriage?

The absence of fighting about money?
Having an emergency fund?
Buying a home?
Purchasing a second home?
Writing a big check to charity?
Something else?

Chances are that you and your spouse are in the same chapter of the book, but perhaps not on the same page about what it means to be financially successful. What are you doing to get there? Too often, I have seen couples who have either stopped talking about money or fight non-stop about money. Either way, this disconnect usually ends up creating a huge wedge in their relationship. That’s because both people typically have their own individual thoughts on what financial success looks like. Instead of working together to create a vision for their family, they are locked in a battle over money. 

Here are 4 simple steps toward defining what financial success would look like in your marriage.

1. Realize this is not about winning a battle, but rather creating a life together.

2. Accept that you and your partner are not going to see eye-to-eye on everything.

3. Allow the definition of financial success to evolve as your family grows and changes.

4. Ask the question meaningfully and intentionally, “What would financial success look like for us?”


 An infinite number of discussions about money will arise during the course of your marriage, but the first step is to work toward realizing that you are in this together. When two peoplework together and not against one another, they create a profitable and fulfilling financial life as a joint unit. At the end of the day, it is not about accumulating the most money, but rather enjoying the marriage and family that you build together. So, take some time to slow down and get on the same page. 

Feel free to give me a call to talk more at 980-275-1627.

Ed Coambs


Edited by Reena Arora of Arora Media, connect on Facebook
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