Now Is A Great Time To Talk Money

Growing up, we always knew when the household billseasier to broach the potentially challenging subject of
came due. There was always a day or two when mymoney:
sisters and I dared not bother our mother, who had theWhat work do you each want to do to utilize your
responsibility of paying the bills and balancing thetalents?
checkbook. Frankly, we quickly learned to just stayWhat do you want out of your relationship? Family,
away at that time. Those couple of days weresincerity, companionship, success? You fill in the blank.
always shrouded in a heavy, anxiety-ladenHow do you define this?
atmosphere, looming like Phoenix's smog blanketHow do you like to take care of yourselves? Exercise,
waiting for a storm to wash it away.golf, yoga, vacations, etc?
In retrospect, I wonder what my father's role was; heHow do you like to care for each other? By making
never seemed to be present, emotionally or physically. Ibreakfast in bed, taking the kids out on Saturday
suspect the only conversations my parents ever hadmornings to let the other sleep in, etc?
about money involved blaming one another, orWhat makes life less burdensome? A cleaning person,
questioning how much was being spent, and where.having both of you home in the evenings, etc?
Clearly, my mother was the saver of the family, whileWhat are you here to do?
my father was a successful spendthrift. With twoWhat are your most lasting childhood memories of
entirely different money personalities and a completemoney? Your parents' attitudes about money will
lack of communication, it is a wonder they haveinfluence your beliefs and behavior as an adult.
survived 40 years of marriage.What is the most important thing money can provide
My parents' story is not uncommon. In fact, in myfor you? Someone who answers "self-worth,
decade-long study of money and finance, I have foundfriendship or love" might be a spender, while someone
that most of us are ill-equipped to adequately discusswho says "security" may be more focused on saving.
money matters. Unfortunately, our behavior and ourWhat would you do if you won $200,000 in the lottery
conversations about money tend to be after-the-fact,tomorrow? Why not a million? Because $200,000 is a
defensive or reactive discourses, rather than proactive,very realistic amount for you and your partner to build
deliberate, soul-to-soul discussions. It is this lack oftogether, and you should probably each know how the
expression, and not the oft-presumed lack of money,other would want to spend it.
that propels finances to the forefront of precursors toWhere would you be most likely to put your savings:
marital discord.under the mattress, in a blue-chip stock mutual fund or
Meaningful money conversationsinto the latest high-tech IPO (initial public offering)? It's
The only way to improve our money behaviors - andimportant that you understand each other's risk
our relationships - is by having more meaningfultolerance and structure your investments so that
conversations about money. We must embraceneither of you is losing sleep over them.
unified, soul-to-soul conversations as the compass forRecall a money discussion that might have ended
our financial and marital interactions, rather thandifferently, had it focused more on soul-to-soul,
permitting neglect or misdirected communication topartnership-related questions. Can you reprise the
become the tipping point toward conflict and disaster.conversation with that new focus?
Discussing money is rarely easy, though. For manyWhat are some money messages you have
people, conversations about finances are seldomencountered lately? List some money messages you
constructive; rather, they are often intensely emotional,have recently sent yourselves, individually and as a
personal and reactive. We tend to find thesecouple. Have you been nourishing yourself and you
conversations incredibly difficult because we neverpartner? Why or why not?
learned effective ways to discuss financial matters,If more people like my parents had constructive
whether with ourselves, our families or our partners.discussions about money prior to and during their
There are a few things to consider when setting theunions, they would experience far less anxiety,
stage to engage in a soul-to-soul money conversationfrustration and arguments. They also would work
with your partner. First, determine an appropriate timebetter as a team to pursue their dreams, both
for the conversation, and a place with few distractions.individually and collectively. Most likely, they would
You also want to have an plan for what you will talkexperience money as a means to nourish themselves
about. Remember to think small; you don't want toand their relationship, rather than as a source of division
overwhelm your partner in the course of a singleand conflict.
discussion. Check to make sure your partner is in aIf you have never had a truly constructive
good frame of mind to have this conversation rightconversation with your partner about money, there is
now. And whatever you do, wait until the storm hasno better time than today. Have fun dreaming, visioning,
passed. Trying to have a conversation when either ofand co-creating your future together. Don't view
you is overly emotional will undoubtedly leave you bothmoney -- or its lack -- as a stumbling block. Instead,
feeling frustrated, again.see it as one of the many tools available for
Money conversation ice breakersexpressing yourselves and shaping the lives you
Here are some ice breaker ideas that might make itdeserve.