Life Kit Healthy money habits for couples
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Jun 17, 2024 Financial therapist Lindsay Bryan Podvin, founder of Mind Money Balance, dives into the intricate world of couples' finances. She discusses whether to merge or separate financial accounts and the importance of open communication in financial matters. Open discussions about money can enhance intimacy, while strategies like the 'yours, mine, and ours' approach foster understanding. Lindsay also explores navigating finances during major life changes and emphasizes transparency, especially around debt, to build trust and shared goals.
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Money Talk as Intimacy
- Talking about money can deepen intimacy in a relationship.
- It involves discussing vulnerabilities and creating shared plans.
Timing Money Talks
- Discuss financial values and situations early in relationships.
- Talk about merging finances before major life events like moving in together.
Joint vs. Separate Accounts
- Joint accounts can reduce financial infidelity and arguments.
- Separate accounts might be better for those with financial abuse or divorce history.