Life Kit Stressed about talking about finances with a new partner? This framework can help
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Dec 5, 2022 Financial therapist Amanda Clayman, who specializes in navigating money issues in relationships, shares her insights on fostering financial intimacy. She introduces the 'five components of financial intimacy' to help couples tackle the often awkward topic of finances. Amanda discusses how emotional connections intersect with financial discussions and emphasizes the importance of equality and transparency. She provides practical tips for rebuilding trust and enhancing communication, ensuring that financial conversations strengthen relationships rather than hinder them.
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Money's Importance in Relationships
- Talking about money in a relationship is crucial, even early on.
- Money impacts everything from small expenses to major life decisions together.
Money as a Feeling Problem
- Financial problems often mask deeper emotional issues.
- Addressing these underlying emotions is key to resolving financial conflicts.
Equality in Finances
- Strive for equality in financial decisions, regardless of income or anxiety levels.
- Each partner should have equal power and avoid one person controlling the finances.