How to Manage Money as a Couple
By Jane HoneckCombine the expectation of divorce for new couples hovering around 50 percent with a variety of studies that suggest money is the most divisive topic for couples, and you get a formula for disaster. But one expert thinks it doesn’t have to be that way.
Jane Honeck, CPA, and author of The Problem With Money? It’s Not About the Money! (www.theproblemwithmoney.com), maintains that while a SmartMoney Magazine survey revealed that 70 percent of all couples talk about money at least once a week, the communication isn’t very effective. Honeck has some good advice that can help couples make arguments about
This year’s budget crisis catapulted us into stock market turmoil and reaffirms the consequences of ignoring Sir Francis Bacon’s 400-year old words, “The only thing we have to fear is fear itself.” Those sage words were echoed during FDR’s inaugural speech and still ring true today. We clearly see how the fear of future failures and potential losses drives down expectations so we operate from a place of weakness instead of strength. It’s the proverbial bogeyman in the closet. The more we focus on him, the bigger and more ferocious he gets!