Talking about money with your spouse can’t always be easy, but it is crucial to your marriage. This week I sat down with Certified Financial Coach, Ericka Young.
Ericka is the president and founder of Tailor-Made Budgets which she opened in 2005 after she and her husband Chris climbed their way out of nearly $100,000 in debt. She became a certified financial coach by Dave Ramsey’s Lampo Group in 2006 and combines her passion for helping people with creative debt reduction techniques so everyone can have a path to financial freedom. Ericka is a recognized financial expert who inspires people to significantly improve their finances, family and their future with a solid plan. Ericka’s Best-Selling book, Naked and Unashamed: 10 Money Conversations Every Couple Must Have was released online in February 2017 worldwide. She currently teaches her message of debt freedom through her e-newsletters, personal and group coaching, workshops and speaking engagements. Ericka, Chris and their two teenage daughters, Faith and Olivia reside in Fishers, IN.
HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE:
- What prompted Ericka to write a book around finances among couples
- Why Ericka believes money is not all about the numbers
- The importance of WHY you do what you do with your money
- Your financial planner deals with the same money challenges you do
- What can happen if you don’t talk about money within your marriage
- How Ericka had to understand her husband’s money background during their money conversations
- The very first money conversation you should have with your spouse
- Why everyone needs a reality check
- Understanding your cash flow can be very eye opening
- Hurdles many people face when talking about money with spouses
- Should one person take the lead on budgeting
- The impact a weekly routine can have on your money
- The harsh reality of what not talking about money can do to your marriage
- Dreams can be a good thing for you and your money
- How to give your money some real purpose
LINKS WE MENTIONED ON THE SHOW:
- Naked and Unashamed: 10 Money Conversations Every Couple Must Have by Ericka Young
- Compound Interest Calculator
GET SOCIAL WITH ERICKA AND LET HER KNOW YOU HEARD ABOUT HER HERE
ENJOY THE SHOW?