Post image for Sunday Morning Clicks – Relationship Edition

Sunday Morning Clicks – Relationship Edition

by Ryan Yates

Money and relationships go hand in hand. You must be able to communicate with your significant other if you’re going to have an open and honest financial life together. When my wife and I got married, I took care of all the bills and we never talked about money. I always just said “I’ll take care of it”. Without my wife included in our money we kept going into debt and she wasn’t the wiser. She knew I brought some debt into the family and I knew she had some too. But we never sat down and budgeted, never planned ahead, we just kept blindly going through life amassing a mountain of debt. Once we woke up and began to talk about money our relationship has improved a ton. I can’t being to tell you how much easier my life is now that she’s included in all financial decisions.

This week I’d like to spotlight some great posts around the topic of Relationships. I’ve been thinking about writing one soon, but until then these are excellent reads.

Financial Infidelity. What constitutes financial infidelity and how do you deal with it? Three great ways to handle this question are explored. Communication is the name of the game when dealing with financial infidelity. (Guest post by WealthPilgrim @ FrugalDad)

Financial Infidelity Spend money on a big ticket item and not tell your spouse? Follow these guidelines and it will never happen again. My favorite guideline is Grow Up, stop thinking of yourself. (@ DoYouDaveRamsey)

Dating and Money how much do you spend wining and dining? This post brings back a ton of memories. I think the courting phase is what really started me on the debt path. (@ DinksFinance)

Should Married Couple have Joint or Separate Bank Accounts A very detailed post about the pros and cons of using a joint or separate account structure. I’m still amazed how emotional people get over this topic. I vote for joint having used both ways in the past. (@ EngagedMarriage)

How to Talk with your Spouse about Money “Talking about money is one of the great taboos of our culture. I know more about my friends’ sex lives than I do about their bank statements.” With an introduction like that how can you not want to go over and read the rest of the post? (Guest Post from ChildWild @ GetRichSlowly)

Family Memeber Loan – Three Reasons I Would Reconsider Money and family almost always NEVER go hand in hand. Three extremely valid reasons not to use the Bank of Mom and Dad are reviewed. (Guest post from MoneyRelationship @ MySuperChargedLife)

Separate Bank Accounts with Your Spouse?
A Personal Finance bloggers choice to have separate bank accounts, the pros and cons are explored in detail. I love this question so much I had to include two posts on the topic this week. (@ MoneyFunk)

[Dysfunctional relationship image via Brenda & Eddie’s.]

{ 7 comments… read them below or add one }

Jason @ Frugal Dad January 31, 2010 at

Many thanks for the mention, Jeff! That was a fantastic post from Neal of Wealth Pilgrim, and I appreciate you sharing it with readers. To your point, communication is key to relationships, and it couldn’t be more true when it comes to finances. My wife and I only began to solve our financial problems when we addressed them together.
.-= Jason @ Frugal Dad´s last blog ..Should I Save For Retirement While In Debt? =-.

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Jeffrey Kosola January 31, 2010 at

Your welcome Jason,

The only way we’ve been able to pay down our debt was by getting on the same page.
I’ve enjoyed reading FrugalDad and WealthPilgrim for quite some time now, it’s fun to be able to share the post.

Reply

Do You Dave Ramsey? February 1, 2010 at

Thanks for the mention Jeff. It’s great to be included amongst so many other great sites and resources.

Thanks!
Dave
.-= Do You Dave Ramsey?´s last blog ..Debt Sucks! =-.

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Jeffrey Kosola February 1, 2010 at

Your welcome Dave,

I enjoy your blog so I figured what better way to introduce my readers to it. Keep up the great work!!

Jeff

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Money Funk February 1, 2010 at

Wow, I guess joint vs. separate accounts is the hot topic. I had no idea. Thank you for including my post. 🙂

I like the guideline, “Grow Up”. With that, I am going to check out ChildWild’s post – catchy statement – and I have to agree with it. LOL.
.-= Money Funk´s last blog ..Menu Plan Monday =-.

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Jeffrey Kosola February 1, 2010 at

Anytime Money Funk,

If everybody “Grew up” the world would be a better place. Let’s stop acting selfish and start acting selfless 🙂

Good luck with the separate accounts. I may not agree with it, but I understand your logic behind it.

Jeff

Reply

Chuck August 8, 2014 at

It’s a real plusreae to find someone who can think like that

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