What Couples Talk About When They Talk About Money

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Tim and Maureen Goodwin join Money PIG Host Reid Trego for insights on discussing finances as a married couple. They focus on security, stress reduction, and emotional considerations. They emphasized the impact of past experiences on present financial attitudes and the importance of open communication to prevent conflicts and foster trust. Key points included avoiding consumer debt, maintaining an emergency fund for peace of mind, and regular net worth tracking. Practical budgeting advice involved strategies like using YNAB or spreadsheets.

Maureen and Tim shared their personal stories of debt struggles and childhood money-related traumas, highlighting how emotions influence financial decision-making in relationships. They shared some tips to address spending triggers that are linked to past traumas for a healthier financial approach. Their future objectives revolved around financial freedom through responsible budgeting practices and promoting generosity towards others. They encouraged listeners to take concrete steps throughout the year to enhance their financial well-being in alignment with individual goals.

Check out our popular blog titled, “Do you have an overspending spouse?” with more practical advice on navigating this situation. You can also read our blog on Money Psychology, which asks, “Which money psychology do you struggle with most?” or download our guide, which includes 20 money conversations you should be having as a couple.

If you want an expert who can give sound advice and help you navigate how to best invest your wealth and plan for your retirement, reach out to us to schedule a quick call. One of our CFP® professional wealth advisors would love to discuss your individual goals and options with you. The first step in our process is to schedule a free 15-minute intro call with our Goodwin Investment Advisory consultant here.

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