{"id":5365,"date":"2021-09-08T15:00:25","date_gmt":"2021-09-08T15:00:25","guid":{"rendered":"https:\/\/frischfinancial.com\/staging\/?p=5365"},"modified":"2021-09-08T15:07:42","modified_gmt":"2021-09-08T15:07:42","slug":"couples-communicating-about-money","status":"publish","type":"post","link":"https:\/\/frischfinancial.com\/staging\/couples-communicating-about-money\/","title":{"rendered":"Couples Communicating About Money"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;3.22&#8243;][et_pb_row _builder_version=&#8221;3.25&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;3.25&#8243; custom_padding=&#8221;|||&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text _builder_version=&#8221;3.27.4&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221;]<!-- divi:paragraph --><\/p>\n<p>BUILDING HEALTHY FAMILY FINANCES: What is our plan?<\/p>\n<p><!-- \/divi:paragraph --><\/p>\n<p><!-- divi:separator --><\/p>\n<hr class=\"wp-block-separator\"\/>\n<!-- \/divi:separator --><\/p>\n<p><!-- divi:heading {\"level\":4} --><\/p>\n<h4><strong><em>This is our fifth article in a 5-part series on Building Healthy Family Finances.<\/em><\/strong><\/h4>\n<p><!-- \/divi:heading --><\/p>\n<p><!-- divi:paragraph --><\/p>\n<p>It\u2019s not unusual for one partner to handle paying bills and the other to manage savings and investments.\u00a0 While there isn\u2019t anything wrong with a division of responsibilities, slipping into comfortable routines without periodic check-ins can provide a false sense of security. \u00a0Although many couples have gotten years into their relationship without taking a closer look at the financial structure on which they are building their lives, it\u2019s never too late to assess their current situation and create a plan for moving forward.\u00a0<\/p>\n<p><!-- \/divi:paragraph --><\/p>\n<p><!-- divi:paragraph --><\/p>\n<p>There are many facts both partners should be aware of and documents they should be able to access.\u00a0<\/p>\n<p><!-- \/divi:paragraph --><\/p>\n<p><!-- divi:heading --><\/p>\n<h2>Here\u2019s a starter list of items established couples should discuss, and new couples can look to for inspiration when creating a plan:<\/h2>\n<p><!-- \/divi:heading --><\/p>\n<p><!-- divi:list --><\/p>\n<ul>\n<li>How much money do we have?\u00a0 In checking?\u00a0 In savings?<\/li>\n<li>What are our debts?<\/li>\n<li>Do we have an emergency fund, which both partners have access to, that can cover three to six months of the family\u2019s total overhead expenses?<\/li>\n<li>How are our assets titled?<\/li>\n<li>What are the logins and passwords for accounts?<\/li>\n<li>Where are the important documents for accounts such as savings, investments, retirement, marital assets, and trusts?\u00a0 Vital records such as birth certificates and marriage certificates should be accessible.<\/li>\n<li>How are we saving for college costs?\u00a0 Retirement?\u00a0 \u00a0<\/li>\n<li>What plans are in place if one partner gets sick?\u00a0<\/li>\n<li>Do we have signed living wills and health care proxies?<\/li>\n<li>Does either partner have a life insurance policy?\u00a0 Who is the beneficiary?<\/li>\n<li>Who is our insurance agent?\u00a0 Our accountant?\u00a0 Our financial advisor?\u00a0 How do I contact them?<\/li>\n<\/ul>\n<p><!-- \/divi:list --><\/p>\n<p><!-- divi:paragraph --><\/p>\n<p>It\u2019s tempting to let the status quo remain if you\u2019ve routinely done things in a certain way and feel comfortable with the results.\u00a0 However, if you\u2019ve always let your partner handle the bills or take care of the big picture money management, you might one day be surprised to learn that you had been making assumptions that were not based in fact.\u00a0 Asking questions and openly discussing the details that go into creating a healthy financial structure can be one of the best ways to show your partner how much you care about your life together.\u00a0 If you\u2019d like to know more about how a financial advisor can help you create a plan, please <a href=\"https:\/\/frischfinancial.com\/staging\/contact\/\">contact us.<\/a><\/p>\n<p><!-- \/divi:paragraph --><\/p>\n<p><!-- divi:heading {\"level\":4} --><\/p>\n<h4><em>BUILDING HEALTHY FAMILY FINANCES<\/em><\/h4>\n<p><!-- \/divi:heading --><\/p>\n<p><!-- divi:list --><\/p>\n<ul>\n<li><a href=\"https:\/\/frischfinancial.com\/staging\/financial-conversations-for-couples-joining-their-lives\/\">Part 1: Financial Conversations for Couples Joining Their Lives<\/a><\/li>\n<li><a href=\"https:\/\/frischfinancial.com\/staging\/some-important-family-discussions-you-should-consider\/\">Part 2: Some Important Family Discussions You Should Consider<\/a><\/li>\n<li><a href=\"https:\/\/frischfinancial.com\/staging\/how-to-speak-with-your-senior-parents-about-finances\/\">Part 3: How to Speak with Your Senior Parents About Finances<\/a><\/li>\n<li><a href=\"https:\/\/frischfinancial.com\/staging\/how-to-talk-about-money-with-your-children\/\">Part 4: How to Talk About Money with Your Children<\/a><\/li>\n<li>Part 5: Couples Communicating About Money<\/li>\n<\/ul>\n<p><!-- \/divi:list --><\/p>\n<p><!-- divi:paragraph --><\/p>\n<p><!-- \/divi:paragraph -->[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_5,1_5,1_5,1_5,1_5&#8243; use_custom_gutter=&#8221;on&#8221; gutter_width=&#8221;2&#8243; _builder_version=&#8221;4.4.3&#8243; background_color=&#8221;rgba(117,117,117,0.3)&#8221; custom_margin=&#8221;||||false|false&#8221; custom_padding=&#8221;|102px|||false|false&#8221;][et_pb_column type=&#8221;1_5&#8243; _builder_version=&#8221;3.26&#8243;][et_pb_image src=&#8221;https:\/\/frischfinancial.com\/staging\/wp-content\/uploads\/2019\/12\/bottombrand.png&#8221; align=&#8221;center&#8221; _builder_version=&#8221;4.4.3&#8243; transform_scale=&#8221;160%|160%&#8221; width=&#8221;100%&#8221; width_tablet=&#8221;35%&#8221; width_phone=&#8221;&#8221; width_last_edited=&#8221;on|tablet&#8221; module_alignment=&#8221;center&#8221; custom_margin=&#8221;|||0px|false|false&#8221; custom_margin_tablet=&#8221;|||32px|false|false&#8221; custom_margin_phone=&#8221;&#8221; custom_margin_last_edited=&#8221;on|tablet&#8221; custom_padding=&#8221;9px|39px|||false|false&#8221; mix_blend_mode=&#8221;hard-light&#8221; module_alignment_tablet=&#8221;center&#8221; module_alignment_phone=&#8221;&#8221; module_alignment_last_edited=&#8221;on|phone&#8221;][\/et_pb_image][\/et_pb_column][et_pb_column type=&#8221;1_5&#8243; _builder_version=&#8221;3.26&#8243;][et_pb_text _builder_version=&#8221;4.4.3&#8243; text_text_color=&#8221;#000000&#8243; text_orientation=&#8221;center&#8221; custom_margin=&#8221;|||-97px|false|false&#8221; custom_margin_tablet=&#8221;|||0px|false|false&#8221; custom_margin_phone=&#8221;|||0px|false|false&#8221; custom_margin_last_edited=&#8221;on|tablet&#8221;]<\/p>\n<p><span>445 Broad Hollow Road<br \/> <\/span><span>Suite 215<\/span><br \/> <span>Melville, NY 11747<br \/> <\/span><span>P: 516-694-7900<br \/> F: 516-694-7901<\/span><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_5&#8243; _builder_version=&#8221;3.26&#8243;][et_pb_text _builder_version=&#8221;4.4.3&#8243; text_text_color=&#8221;#000000&#8243; custom_margin=&#8221;|0px||-51px|false|false&#8221; custom_margin_tablet=&#8221;|||0px|false|false&#8221; custom_margin_phone=&#8221;|||0px|false|false&#8221; custom_margin_last_edited=&#8221;on|tablet&#8221;]<\/p>\n<p style=\"text-align: center;\">1140 Avenue of the Americas 9th Floor<br \/> New York, NY 10036<br \/> P: 212-983-8444<br \/> F: 212-983-8151<\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_5&#8243; _builder_version=&#8221;3.26&#8243;][et_pb_text _builder_version=&#8221;4.4.3&#8243; text_text_color=&#8221;#000000&#8243;]<\/p>\n<p style=\"text-align: center;\">2202 N. West Shore Blvd<br \/> Suite 200<br \/> Tampa, FL 33607<br \/> P: 813-639-7580<br \/> F: 813-639-7501<\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_5&#8243; _builder_version=&#8221;3.26&#8243;][et_pb_text _builder_version=&#8221;4.4.3&#8243; text_text_color=&#8221;#000000&#8243;]<\/p>\n<p style=\"text-align: center;\">777 Westchester Ave<br \/> Suite 101<br \/> White Plains, NY 10604<br \/> P: 914-696-0800<br \/> F: 914-696-0808<\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;3.22&#8243;][et_pb_row _builder_version=&#8221;3.25&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;3.25&#8243; custom_padding=&#8221;|||&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text _builder_version=&#8221;3.27.4&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221;] BUILDING HEALTHY FAMILY FINANCES: What is our plan? This is our fifth article in a 5-part series on Building Healthy Family Finances. It\u2019s not unusual for one partner to handle paying bills and the other to manage savings and investments.\u00a0 [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":5366,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"<!-- wp:paragraph -->\n<p>BUILDING HEALTHY FAMILY FINANCES: What is our plan?<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:separator -->\n<hr class=\"wp-block-separator\"\/>\n<!-- \/wp:separator -->\n\n<!-- wp:heading {\"level\":4} -->\n<h4><strong><em>This is our fifth article in a 5-part series on Building Healthy Family Finances.<\/em><\/strong><\/h4>\n<!-- \/wp:heading -->\n\n<!-- wp:paragraph -->\n<p>It\u2019s not unusual for one partner to handle paying bills and the other to manage savings and investments.\u00a0 While there isn\u2019t anything wrong with a division of responsibilities, slipping into comfortable routines without periodic check-ins can provide a false sense of security. \u00a0Although many couples have gotten years into their relationship without taking a closer look at the financial structure on which they are building their lives, it\u2019s never too late to assess their current situation and create a plan for moving forward.\u00a0<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>There are many facts both partners should be aware of and documents they should be able to access.\u00a0<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:heading -->\n<h2>Here\u2019s a starter list of items established couples should discuss, and new couples can look to for inspiration when creating a plan:<\/h2>\n<!-- \/wp:heading -->\n\n<!-- wp:list -->\n<ul><li>How much money do we have?\u00a0 In checking?\u00a0 In savings?<\/li><li>What are our debts?<\/li><li>Do we have an emergency fund, which both partners have access to, that can cover three to six months of the family\u2019s total overhead expenses?<\/li><li>How are our assets titled?<\/li><li>What are the logins and passwords for accounts?<\/li><li>Where are the important documents for accounts such as savings, investments, retirement, marital assets, and trusts?\u00a0 Vital records such as birth certificates and marriage certificates should be accessible.<\/li><li>How are we saving for college costs?\u00a0 Retirement?\u00a0 \u00a0<\/li><li>What plans are in place if one partner gets sick?\u00a0<\/li><li>Do we have signed living wills and health care proxies?<\/li><li>Does either partner have a life insurance policy?\u00a0 Who is the beneficiary?<\/li><li>Who is our insurance agent?\u00a0 Our accountant?\u00a0 Our financial advisor?\u00a0 How do I contact them?<\/li><\/ul>\n<!-- \/wp:list -->\n\n<!-- wp:paragraph -->\n<p>It\u2019s tempting to let the status quo remain if you\u2019ve routinely done things in a certain way and feel comfortable with the results.\u00a0 However, if you\u2019ve always let your partner handle the bills or take care of the big picture money management, you might one day be surprised to learn that you had been making assumptions that were not based in fact.\u00a0 Asking questions and openly discussing the details that go into creating a healthy financial structure can be one of the best ways to show your partner how much you care about your life together.\u00a0 If you\u2019d like to know more about how a financial advisor can help you create a plan, please <a href=\"https:\/\/frischfinancial.com\/staging\/contact\/\">contact us.<\/a><\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:heading {\"level\":4} -->\n<h4><em>BUILDING HEALTHY FAMILY FINANCES<\/em><\/h4>\n<!-- \/wp:heading -->\n\n<!-- wp:list -->\n<ul><li><a href=\"https:\/\/frischfinancial.com\/staging\/financial-conversations-for-couples-joining-their-lives\/\">Part 1: Financial Conversations for Couples Joining Their Lives<\/a><\/li><li><a href=\"https:\/\/frischfinancial.com\/staging\/some-important-family-discussions-you-should-consider\/\">Part 2: Some Important Family Discussions You Should Consider<\/a><\/li><li><a href=\"https:\/\/frischfinancial.com\/staging\/how-to-speak-with-your-senior-parents-about-finances\/\">Part 3: How to Speak with Your Senior Parents About Finances<\/a><\/li><li><a href=\"https:\/\/frischfinancial.com\/staging\/how-to-talk-about-money-with-your-children\/\">Part 4: How to Talk About Money with Your Children<\/a><\/li><li>Part 5: Couples Communicating About Money<br><\/li><\/ul>\n<!-- \/wp:list -->\n\n<!-- wp:paragraph -->\n<p><\/p>\n<!-- \/wp:paragraph -->","_et_gb_content_width":"1080"},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v16.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Couples Communicating About Money - Frisch Financial Group<\/title>\n<meta name=\"description\" content=\"It&#039;s not unusual for one partner to handle paying bills and the other to manage savings and investments. 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