Money matters are often listed in the top 5 reasons couples argue. But, what if something as intense as the topic of finances could instead bring us closer together? In this episode Tony and Michelle sit down with Elle Martinez of Couple Money to answer some listener questions, like this one…
Hey Michelle and Tony,
My husband and I have only been married for two years, and I guess we should have talked more about this before we got married, but I didn’t think it would be a problem. He works as a commercial electrician and I just finished my degree in early childhood education and am now looking for work. Now that I’m not a student anymore, I’m looking at a bunch of debt and I don’t have an income yet. My husband said he is willing to help me out of his income, but he is not interested in combining our bank accounts or our finances. He wants to keep everything separate.
Sometimes I feel like he is really generous to help me with all my debt, but I also think about my parents relationship and how they handled money so different than we do. They had a shared account and all the money they earned went into the one account. I guess my question is, do you guys think we are making it harder on ourselves by having separate accounts? Do you think there is an advantage to our marriage to having shared accounts, or is it better to keep it all separate?
Thanks for your help,
“Fannie Mae’s Favorite”
We hope you enjoy this conversation…
Elle is the author of Jumpstart Your Marriage and Your Money: A 4 Week Guide to Building Wealth Together. She is also the host of the Couple Money podcast where she regularly invites couples into greater understanding of their finances and the simple hacks that can help dump debt and build wealth. If you are an Email Friend, you should have already received Elle’s Free Money Toolkit she’s offered our community. If you’re not already on our email list, well, let’s go ahead and take care of that – Subscribe to #staymarried Emails – But, we’re not going to leave you hanging. Elle would still like to get this Free Money Toolkit into your hands. You can find out more here.
#staymarried After Hours – Financial Infidelity
We had so much to talk about with Elle that we weren’t able to fit it all into one episode. We continue the conversation over at our unlisted podcast, #staymarried After Hours, where we dug into the concept of financial infidelity. You can learn more about #staymarried After Hours and how you can support #staymarried through Patreon here.
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