Do you and your spouse argue about money? We took premarital counseling when we were engaged and took a test. It was pretty in-depth asking us about everything. From the test we found out that we would usually always argue about money. We were raised very differently and because of that we don't always see eye to eye on things. After 10.5 years of marriage, the test we took way back then has proved to be correct. Although we work out our disagreements, it is still an area we sometimes don't agree.
That is why I was excited to see this book and the opportunity to review it. The 5 Money Personalities: Speaking the Same Love and Money Language by Scott & Bethany Palmer.
About The 5 Money Personalities
The hidden key to a healthy relationship is not just managing money but understanding how the other approaches money.
Every couple argues about money. It doesn’t matter if you’ve been married for 40 years or dating for 4 months, money touches every decision you make as a couple—from the $5 cup of coffee to the $50,000 car. And when the two of you don’t see eye-to-eye on how much to spend or how much to save, that’s when arguments turn into ugly toxic fights that leave both persons feeling hurt and angry. It’s why money has become the #1 cause of divorce in the U.S. Obviously, something needs to change. The reason this crisis has not been addressed is because it has never been identified, defined, or given a name. Scott and Bethany Palmer, aka “The Money Couple,” have identified and defined this problem and offer concrete solutions to fix it.
Once you know your Money Personality, you can get to the root of money arguments and start really working together. You’ll discover what has an impact on your loved one’s money decisions, and you’ll learn how to talk about money in a way that’s actually fun! You’ll figure out how to put an end to money secrets and lies once and for all.
It’s not just about money management, and it’s definitely not just about overcoming debt. It is a whole new way of living that will change everything in your relationship. Tens of thousands have already been transformed. Are you ready?
About Scott & Bethany Palmer
"The Money Couple", have dedicated their lives to helping other strengthen their relationships with the 5 Money Personalities. With 43 years of combined financial planning experience, they launched "The Money Couple" and are regulars on national TV and radio and speak internationally about love and money. Scott and Bethany enjoy an active lifestyle in Colorado with their two young sons, Cole and Cade.
My Thoughts- This book is a great way to understand how your view money and why you might clash with your spouse. You can take the quiz at The Money Couple to find out what your money personality is. I took it and found the results interesting.
Your Primary Money Personality is Security Seeker
- You like to have a plan
- You like predictability
- Your future is determined
- You're willing to sacrifice
- You are prepared
Your Secondary Money Personality is Saver
- You get a genuine rush from saving money
- Rarely spend impulsively
- Willing to research in order to find the lowest price
- Enjoy getting a "good deal"
- Celebrates when others get a "good deal"
I knew I liked to have a plan. I am a planner by nature. I like to know exactly how much money we have at every given moment. I look up my husband's LES the minute it comes out. I plan every paycheck out. I get very nervous when I know I am supposed to be paid money and it takes longer than it should. Even though logically I know I will get the money. I am nervous until I actually get it. I find my secondary one interesting because I don't feel like I save as much as I should. I have my share of impulsive spending too. I do like to research a lot and I love getting a good deal.
My husband hasn't taken the test yet but I am very curious to find out what his answers would be.
I love how this books talks about different situations and how people deal with them when it has to do with money. I think it would be a great book for any couple to read.
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* I received a copy of this book for review!