When couples think about building intimacy, investments and budgets rarely make it high on the priority list. Many partners dread financial talks for a number of reasons, but deep down I think most of us are afraid to get real about our financial situation. Whether you think money doesn’t belong in normal pillow talk, or are scared to admit your past spending mistakes, it is essential for the health of your relationship that you learn to grow in financial intimacy.
My guest today is Jacquette Timmons, author of Financial Intimacy and expert on the subject of money and relationships. Jacquette’s interest in the subject began as a spark of curiosity. She started to notice certain patterns and biases women, in particular, were operating under in their relationships. She studied further and found that most women handle no finances for their household at all. Many couples do not even talk about money unless it has to do with a large transaction. Time and again, Jacquette observed tragic and difficult situations were made worse because one or more individuals in the pair were afraid to be intimate with their finances. This hardship is entirely preventable, and Jacquette is going to show us how it’s done.
Like peeling back layers of an onion, Jacquette is going to reveal exactly why it is so hard for us to talk about money, and where most of our biases and insecurities lie. We will compare perspectives on finances from a woman’s perspective, as well as a man’s. She has excellent advice for singles who are not currently in a relationship, as well as couples who have been together for a long time. It is never too late to start building financial intimacy, and it is easier than you might think!
More in this episode:
Financial Intimacy by Jacquette Timmons
You’ve managed your debt, made a few investments, and acquired some assets. Now what? Do you know what to do to incorporate financial wellness into your entire life? How do you know if you are making the best decisions about your money? Welcome to the Better Money Decisions podcast, a place where you can take the steps you need to meet all of your financial goals. My name is Kate Stalter, and I am on a mission to help dispel some of the most prevalent money myths so that you can make informed decisions about your finances.
This is not a show about getting out of debt or starting an online business for retirement. This program will be taking a close look at your existing finances in order to make them work for you. Whether you are already investing and want to expand your portfolio, or want to make the most out of your retirement fund, this is the place you want to be. You can trust that my perspective is in your best interest because I work for a Fee-Only Fiduciary. Better Money Decisions already works with clients all over the country, and in each case, your interests are first. Period.
Today, let’s talk about what you can expect from the show, debunk a few money myths, and gain a little perspective on why we are even here in the first place. If you are ready for financial wellness, then you are ready for the Better Money Decisions Podcast!
More in this episode:
Free Portfolio Diagnostic