I'm excited to share a guest blog post I wrote this week on Creative Money blog with Mindy Crary:
5 Tips for Getting Financially Naked.
Here's an excerpt:
5 Tips for Getting Financially Naked.
Here's an excerpt:
One of the tasks of being engaged is what I call “getting financially naked.” Laying yourself bare and:
This isn’t easy.
It doesn’t happen quickly or without bumps in the road.
- Sharing your assets: salary, income, investments, portfolio
- Laying out your liabilities: mortgage, student loan, credit card debt, car loan
- Explaining the history behind your financial situation — Owning the good, the bad, and the ugly of your individual financial picture
This isn’t easy.
It doesn’t happen quickly or without bumps in the road.
Because getting financially naked triggers many strong emotions in both members of the couple.
It doesn’t matter if you’re sitting on a pile of inherited wealth or carrying a huge debt.
The main feeling evoked during engaged couples’ conversations about money is fear. Also embarrassment, shame, anger and an enormous feeling vulnerability.
OK, so how do you actually have these tricky conversations and avoid these high emotions?
Read my 5 tips for getting financially naked on www.creativemoney.biz.
And tell Mindy and me what happens when you start early, start small, and more. Please comment below.
Read my 5 tips for getting financially naked on www.creativemoney.biz.
And tell Mindy and me what happens when you start early, start small, and more. Please comment below.
This post originally appeared on Creative Money with Mindy Crary. She gives great content for both your personal and professional life. Check her out at www.creativemoney.biz. I'm following her, for sure!
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