How did your parents handle debt? Do you want to mimic how your father refused to discuss money? Or, do you want to be less stingy than your grandparents were with their life savings because you feel they missed out on, living life?
This article is gold, Annette! Thank you for the CFPB tool - I've bookmarked it and will be using it with my therapy/coaching clients.
In my work with couples, I'm always fascinated by the underlying emotional and intergenerational process of money. Our first financial classroom is the home we grew up in. In that classroom, we learn what money means, what deeper psychological needs it meets, and how we will make it, save it, and spend it in our lives.
Money is not just about money. It's about survival, emotional security, freedom, meaningful experiences, time, independence, and so on. When couples don't have conversations surrounding the deeper meaning of money and how to move forward together, it can wreak havoc on a relationship. On the other side of that, those conversations can actually deepen intimacy and enrich the relationship.
Thanks again for the share!