Personal Finance Resources for Couples

couples finance, personal finance, Uncategorized / Thursday, November 29th, 2012

I talk about personal finance issues with my friends a lot and that means that we also talk about couples finance issues. It’s one thing to try to come to grips with your own spending and debt problems, but merging finances and dealing with it for two people is doubly difficult. I have never met a couple that completely agree on their spending habits and personal finance goals when they first get together. Most of my friends, and myself included, had a lot of adjusting, fighting, and listening to do when merging finances with their spouse. Even if you keep separate bank accounts you are a team and have to learn to act like it.

This is especially hard when there is a big income gap between the couple or when there is only one income split between two people. Also, your personal views towards money and how you were raised also effect how you view your finances individually and as a couple. Who’s the spender and who’s the saver? Can you view your money as “our money” or is it all your money? All kinds of emotions come into the mix since no one likes to be told how to spend their money, likes to share, or wants to plan ahead. We are all still six year olds who want instant gratification and don’t want to share. But, alas, we are adults now, and some of us are married to boot, so what do we do about our money? How do two people learn to work as a team and get on the same financial page?

I dug up some online resources that may be helpful. Check them out and let me know what you think. Read them with your significant other. Hope these help you get to a better financial state!

Suze Orman: 9 Important Financial Moves Couples Should Make

Suze Orman: Financial Couples Therapy Money and Relationships

US News: How Couples Can Achieve Financial Intimacy

Dave Ramsey: Financial Peace University
This is Biblically based but even if you aren’t religious I have heard good things about it

Suze Orman: A Couple’s Guide to Managing Money

Money Management International: Love & Money

This is a debt consolidation company so they may try to sell you their services but I have heard that they are a reputable company and have been recommended by leading financial institutions. They offer lots of free courses online.

Money Management International: Free Love & Money eBook

University of Idaho: Free Money 101 Online Class

Utah State University: Free Online Family Finance Class

Check out your local library for many of these!
For Richer Not Poorer: The Newlywed’s Financial Survival Guide

The Family CFO: The Couple’s Business Plan for Love and Money

Money and Marriage: A Complete Guide for Engaged and Newly Married Couples

The Heart of Money: A Couple’s Guide to Creating True Financial Intimacy

Financially Ever After: The Couples’ Guide to Managing Money

Financial Peace: Putting Common Sense Into Your Dollars and Cents

The Financial Peace Planner: A Step-by-Step Guide to Restoring Your Family’s Financial Health

Dave Ramsey’s Complete Guide to Money: The Handbook of Financial Peace University

The Total Money Makeover: A Proven Plan for Financial Fitness

The Money Saving Mom’s Budget: Slash Your Spending, Pay Down Your Debt, Streamline Your Life, and Save Thousands a Year

Hot (broke) Messes: How to Have Your Latte and Drink It Too

What resources have helped you and your partner deal with your finances and get on the same page? Share your experience in the comments!

2 Replies to “Personal Finance Resources for Couples”

  1. When you get married, a lot of focus is put on talking about intimacy. While this is important, it is equally essential to achieve togetherness on the financial front. Honestly, discussion and goal-setting makes a big difference in your future. Many couples break up over financial disputes, so it is a very relevant aspect of maintaining a healthy marriage and good finances.

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