There was this study from the University of Utah where they interviewed thousands of couples. They were asked how often they disagreed over chores, in-laws, spending time together, sex, and money. Fast forward five years later, and this time they were asked if they were still married. Here’s what they found: couples who fought...
When it comes to money, attitude has more impact than skills on how you handle it. And how do we develop our perspectives and psychology about money? Yes, all throughout life, but a big part of it can be traced back to our childhood. Think about how you grew up. What did your parents...
I have two young daughters. As personal finance advocates, my wife and I consciously find teachable moments to our kids for them to learn about money. We don’t always do it right but when we do, we know we are making an investment on their financial future. Here are 10 ways we teach them...
Here’s a funny story: When Bob found out he was going to inherit a fortune when his sickly father died, he decided he needed a woman to enjoy it with. So one evening he went to a singles bar where he spotted the most beautiful woman he had ever seen. Her natural beauty took...
While generally men handle the earning and investing part while women manage the spending part, that’s not always the case. In fact, read this article that debunks the idea that men should do the investing while women should do the budgeting. However, we believe it’s not strictly a gender issue. Who does which depends on...
What do many couples fight about when it comes to money? Most of the time, they have different money personalities, like when one is a saver while the other is a spender, or one is a budget control freak while the other is blissfully indifferent (or, worse, is also a control freak!). Another major...
I just lost over 10 pounds in a couple of months. If I don’t make some real, long-term lifestyle changes, I’ll probably gain them all back in the next couple of years. Is this something you can relate to? I’ve realized that getting your finances in control is a lot like losing weight. To...
Have you ever hidden expenses from your spouse? Or at least, were you ever been tempted to do so? If you’re reading this with your spouse, you’ll probably deny it to death! But it wouldn’t be surprising if you have done this, even in the distant past. Do you realize this is one way...
Quick, if you get a bonus, what will make you happier — buy that new smartphone you’ve always wanted or give it a non-profit whose caught you believe in? Most likely, you’d think spending money on ourselves will make us happier. Well, happy for sure, but not happier than if we give it away....
Let’s face it: you will fight over money. Even if you have the same goals, same money personalities, same priorities, same values, and same everything, you will one way or another fight about financial issues. In our case, one of us sometimes forgets to pay the bills on time. The other one, however, is...
