Episode 66: How to Talk Money with Your Spouse with Ericka Young

Episode 66: How to Talk Money with Your Spouse with Ericka Young

Family
Family
Episode 66: How to Talk Money with Your Spouse with Ericka Young
Loading
/

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:

GET SOCIAL WITH ERICKA AND LET HER KNOW YOU HEARD ABOUT HER HERE

ENJOY THE SHOW?

Episode 39: How We Handle Business Finances in Our Marriage (and What You Should Do)

Episode 39: How We Handle Business Finances in Our Marriage (and What You Should Do)

Ask Mary Beth
Ask Mary Beth
Episode 39: How We Handle Business Finances in Our Marriage (and What You Should Do)
Loading
/

One of the fun parts of being a financial planner is getting to field and answer questions from clients and readers all around the country. In these Work Your Wealth episodes I’ll be taking time to address and answer questions I’ve come across from readers and clients throughout my career. On today’s episode, I welcomed back my favorite guest to help me answer some of of your money questions. Today Brian Storjohann (yep, my hubby) and I are diving in to tell you about how we handle and address my business (and the finances behind it) in our marriage.

We recorded this episode live from the FinCon booth at Podcast Movement, which means I actually let him sit next to me for this conversation! (Progress!!)

WHAT YOU’LL LEARN FROM THIS EPISODE:

  • How much of the numbers I share (and you should share) around your business finances with your spouse
  • How your business finances relate to and are intertwined with personal finances and goals
  • Ways to address the unease that can come with sharing business finances
  • How to structure conversations so there is no finger pointing or guilt around business success or hiccups
  • Why planning for your personal finances plays a big role in the success of your business
  • How we set income goals for the business(both individually and as a couple)
  • The dollar limit of business purchases that I share with Brian
  • How to plan in advance of business launches and investments to reduce stress
  • Why it is super important to share with your spouse when there are excess funds in the business
  • How sharing business numbers helps your spouse to better support you
  • How often we review numbers and how formal the conversation is
  • Expectations around how long it took for us to communicate effectively around our finances

 

LINKS MENTIONED ON THE SHOW:

LET’S CONNECT!

ENJOY THE SHOW?