What is the number one challenge couples face with their finances?
It’s hard to say which comes first-the communication problems or the assumptions behind them. But together, they create a relationship that’s ripe for financial infidelity. Nearly every couple we meet with has stopped communicating about money. They might be yelling about it. They might be controlling each other with it. They might be using it to hurt each other. But they aren’t communicating. That lack of communication usually stems from a long-held set of beliefs couples have about each other. He thinks she’s too tight with money, so he doesn’t tell her the truth about his spending. Or she thinks he’s irresponsible, so she cracks down on the budget. The assumptions they have get in the way of them working together to create a financial life that works for both of them.