Couples & Money Month Question of the Week: Spousal Hot Water

December is Couples & Money Month in which Dr. Jackie Black’s new book “Couples & Money: Cracking the code to ending the #1 conflict in marriage” will be featured throughout the entire month on the PI Window on Business.

As part of our coverage, we will be posing to Dr. Jackie a question each week that will be aired in a special 15 minute segment each Tuesday on the Blog Talk Radio Network.  Later in the month we will be airing a special 60 minute segment dedicated to answering your questions which you can be submit through this blog or by way of the virtual chat room and/or telephone call-in during the live broadcast.

Here is the link to Dr. Jackie’s response to the following question submitted by one of our listeners; Couples & Money Month Question of the Week: Spousal Hot Water

I would of course encourage you to share your thoughts regarding this week’s question which asks for direction as to how you should deal with a spouse who is repeatedly getting into financial hot water.

“My partner is constantly getting into trouble in terms of overspending and then after the fact comes to me to help bail them out.

Situations in the past have included covering bounced checks, paying old debts after running into friends from whom they borrowed in the past and  replacing the money taken from the proceeds of book sales for a local charity.  In each instance I have covered the shortfalls which has created a strain in that I did not budget for the expense and therefore had to delay needed expenditures in other areas.  And each time, my partner has expressed remorse – sometimes tearfully – including the the time before last when after suggesting that I manage all the finances and handing over their cash card, they went to the bank indicating that they had lost their card and obtained a new one only to withdraw $600 which was spent within 48 hours on lottery tickets and various other undisclosed items.

In this most recent instance, they sold approximately $500 worth of Avon-type goods but instead of using the collected funds to place the order, spent the money.  Once again I have been asked for help.  What should I do?  Should I help by providing the money so that the order can be placed as my spouse is now receiving calls from the customers who paid her asking for their products?

Note: I discovered that since asking for help, they received $120 yet there was no offer to off-set the aforementioned expense.  When I asked for the $120 I was told that it had already been spent on something else.)”

The above is an interesting scenario, and one that will be addressed by Dr. Jackie in the weekly broadcast on Tuesday.  In the meantime, what would you do if you were the spouse being asked to help?

PI Window Poll:

Remember to purchase your copy of Dr. Jackie’s new book “Couples & Money: Cracking the code to ending the #1 conflict in marriage” through the book cover link below:

Your relationship with money impacts everything about you- especially your marriage. Managing your money with your partner and building wealth are basic fundamental requirements of a healthy, committed couple.

This book will help you recognize how you and your partner deal with many complex issues related to money. Remember that you did not get here all by yourself. By the time you finish the last page, you will be able to successfully and completely change your personal relationship with money; and forever transform the economic issues and money conflicts in your marriage!

COUPLES AND MONEY: Cracking the code to ending the #1 conflict in marriage highlights important questions to ask yourself that motivates you to examine what your values, beliefs, attitudes and behaviors are as they relate to money. Real life stories depict couples in financial crisis and how they learned to use practical tools and skills to gain financial ownership of their lives. Worksheets completed individually and as a couple, will stimulate you to identify and strengthen the relationship weaknesses related to money that limit and overwhelm you.

You’ll learn about your own money psychology. Whether your money psychology is based in prosperity thinking or scarcity thinking, no worries! Do you recognize how your past has deeply affected, and continues to influence, your financial present and future? Identify your false beliefs, assumptions and myths about money so you can change the ideas that bind you and create beliefs that will support you to become financially fit!

Even though you are a couple, your participation as an individual, and your partner’s participation as an individual, impacts, affects and influences all the choices and decisions you make, or don’t make, as a couple. Money freedom requires that your thoughts, feelings, actions and beliefs about money match!

Discover how to think strategically by viewing your finances as a family business. First, take a look at the six most common ways to manage your money; and then at a process that will support you to build and grow your Family Business by creating a safe place for effective communication to resolve underlying, and sometimes volatile, disagreements about money. Creating your financial vision and your financial goals is the key to ending money conflicts forever

You and your partner will be able to develop the commitments that you both believe make sense, and that you both can and will honor to make your financial visions, hopes and dreams your financial realities!

This book sets forth “must-have” essential relationship success skills that you and your partner will use over and over in many circumstances throughout your life together. There are many components that influence the decisions you make in your relationship- culture, health issues, employment, children, to name a few. Money is only a microcosm of your life and of your relationship. When you learn, practice and master these skills, you will be able to manage your money better, and co-create your financial fitness to build wealth.

Money cannot make you happy, but intentional decisions and choices related to money can provide the means of unlimited good for you and many others in your life.

You will have more than enough money when you believe you will; when you take the appropriate actions that positively express your belief; and when you realize that you can be wealthy no matter how much money you earn, save, spend or invest because you are more than your money, and more than your money can buy.

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Comments
One Response to “Couples & Money Month Question of the Week: Spousal Hot Water”
  1. fielding dent says:

    This is difficult. As often times when married…there is shared credit, bank accounts, investments etc. Acquisition of products and services- for some, becomes obsessive. I will be interested in reading this book!

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