How to keep a family budget
Tips for newlyweds
- Duration 3:33
- Date Mar 30, 2012
Tips for newlyweds
Also in this playlist...
This transcript is automatically generated
Hello mark Dell -- -- and this is fox extra many people struggled to stick to budgets or even talk about late for that matter.
And -- -- dealing with finances with a partner or your family will you know the becomes even more difficult in most cases.
Here to give us some advice on handling -- budget with loved ones the money couple Bethany and Scott Palmer.
-- the authors of first comes love then comes money a couple's guide to financial communication by the way they've got tips for.
Both newlyweds and families on establishing.
Again those lines of financial communication guys welcome first of all they've -- and great to be I mean listen we have to talk before you get married you got -- -- that money talk but the question is.
Wins a good time to bring it up how much do you bring up -- mean you gotta be brutally on.
It's correct absolutely if you have such a better chance of that marriage being great and lasting if you start having those conversations first.
And it's hard to get started you're right because you're seeing -- -- -- it's not usually always -- -- -- the toll much attack -- what's the biggest financial mistake ever made your life I -- Those are things that aren't really that easy to talk about what really seeing how you can see -- -- I.
And how you can become truly compatible when it comes your money is imperative.
So how do you bring it up it is difficult surged one of the things that we've developed -- five many personalities.
And identifying what -- winning personality is and what your meaning potential spouses -- personally is is a great way to get started to bring up the whole money topic.
-- fired these many personalities and saver spender.
Security seeker and a flyer a flyers a person who flies by the seat of their pants when it comes to money.
Everybody just two of the five so that's what a great way to open up the discussion what's your money -- winning what do you think you are so good but it would have been just for a second that sounds great -- I think it's great idea I got a toll of lives to that and I'm married but by -- imagine -- -- on a date -- talking we're having sushi or whatever or eating.
And I say so which -- many personality and what -- They need to do so again.
How long it may be another -- even get to the money -- seriously you're you're you're obviously in love your thinking about making commitment.
In in in while you're answering really how to -- for regular folks to bring it up.
Ever too soon to raise these these these concerns -- I think after your second or third date if you think it might be going somewhere that's actually when you jump in on that conversation.
The interesting thing about talking about money personalities as -- by the third fourth date you already kind of know what know what their money personality is that there are always first to grab a checker.
Hey let's go to a game let's go to this hey let's go buy something.
You're probably dating spender and so the great thing about understanding the -- personalities -- and starting to look at that.
Is there's no right when he personality and there's no wrong when you -- the bottom line is some are more compatible with other absolutely one of the things we find is there's this opposite dynamic thing that can go -- because on one side of the spectrum you have security seekers and -- right and the other sadness that the flyers right exactly and that and the -- -- -- risk -- so really understanding if you haven't opposite dynamic in your relationship.
-- really a great thing to know going -- you want to make sure that you are compatible -- be the same.
-- to securing -- I'm a risk taker isn't good things that come inside of our relationship because of that her married the same when most of us don't counsel understanding the differences he X.
-- advice got Bethany Palmer thank you so much that is all the time we have now but if you want more advice from Bethany it's got checked out their book.
First comes love then comes money a couple's guide to financial communication thanks again for joining expected for fox extra.
-- -- -- --