If you’ve ever bickered with your spouse or partner over money, you’re not alone. Financial concerns are among the most common sources of conflict in relationships.
Sadly, couples rarely sit down and talk about their financial beliefs and goals.
It’s never too late to have that conversation. Some things to discuss:
- What did your parents teach you about money?
- What are your financial goals?
- What are your fears about money?
Understanding your partner’s beliefs about money will set the stage for healthier conversations.
Be on the same team. Couples often divide financial tasks. One handles day-to-day spending, while the other focuses on long-term savings and investing. These roles are naturally at odds with one another. This can cause tension. Consider trading the jobs back and forth or share the roles equally.
It’s not unusual for couples to find themselves having the same argument again and again, especially when it comes to money. But with good communication and an understanding of each other’s beliefs and values, you can work together to realize your shared financial goals.
A little more about us:
Compass Financial is an independent, fee-based financial advisory firm in West Des Moines, Iowa. The Compass Team helps individuals and families develop an inspiring vision of their financial future and a realistic strategy.
By listening closely to our clients’ true needs, wants, hopes, desires and dreams we are able to combine Wealth Management and broad Financial Planning customized to each individual situation. It’s our goal to assist you in developing a personalized financial road map. The results from the process should include confidence that comes from planning. As we all know, life happens, sometimes ambushing the best laid plans. Accepting a new reality and adapting the financial plan is work we have done many times for our clients.
We also offer Financial Check Up or Second Opinion Services to those who want to enhance the service they are already receiving. This should lead to a better understanding of your current plans and give added confidence to your existing advisor relationship.
Sometimes life’s biggest challenges come in the form of transitions, retirement, marriage, health issues, divorce, unexpected loss, or even college savings. Our team at Compass has experienced many of these life transitions, it’s our hope to come alongside you and your family. These defining moments of life provide opportunities to implement financial strategies that can have long lasting impact. The first step is always the most difficult, but can also be the most rewarding. Please Contact Us today to receive your free, no obligation, one hour initial consultation!