Recently, we were given the opportunity to write an article for the White Coat Investor. For those of you who are not familiar, it is a very popular blog run by a a practicing, full-time emergency medicine physician. The blog focuses mainly on personal finance issues physicians deal with on a regular basis.
It provides information & commentary on topics such as finding a trustworthy advisor, what kind of disability insurance you need, retirement & savings account advice, etc. We have been following the blog for years and we were honored to have been given the opportunity to contribute.
“How Happy Couples Manage Finances”
How many times have you had an innocent money conversation with your spouse that didn’t go so well? The infamous money argument comes out of left field and you’re left reeling – wondering what went wrong. According to the 2010 American Express Spending and Savings Tracker, discussions on household finances lead to arguments among 72 percent of young professionals.
Two things further intensify these challenges for the training physician – lack of time and money. Heck, you’re hard pressed to see your spouse much less talk money with them. You are in a position where you must be disciplined with your time and money otherwise things can go south in a hurry.
As a financial planner, I am certainly not immune to these struggles. Today, I would describe my wife and I as financially happy. But we have had our fair share of struggles. I love my family more than anything and that’s never changed – it’s just that this finance stuff is hard. Through my experiences in my own relationship and dealing with my clients’ personal finance challenges, I have learned a few simple habits and practices that work and I would love to share.
To continue reading, you can find the rest of the article here: How Happy Couples Manage Finances
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