Resource: https://www.financialtherapyassociation.org/
What to discuss before moving in together:
"Specifically, it involves discussing what you own, what you owe, your income, and what your credit scores are before moving in together of getting married." (Introduction)
"It involves regular check-ins as a couple to make sure you are meeting your savings goals, investing wisely, that you both know where your important papers are stored, and seeing if any of your life priorities have changed." (Introduction)
"What we've discovered on the road is that getting the short end of the stick in a relationship, financially speaking, has absolutely no connection to your educational, economic, social, or ethnic background." (Introduction)
-none of these questions were asked in the initial survey
"Financial compatibility is one of the greatest predictors of whether your relationship will survive long term." (Introduction)
-interesting point about financial compatibility. Is this something that should be included in the application? How does one determine financial compatibility?
Footnote:
Manisha Thakor and Sharon Kedar, Get Financially Naked: How to Talk Money with Your Honey. (Avon: Adams Business, 2010), Introduction.
Bibliography:
Thakor, Manisha, and Sharon Kedar. Get Financially Naked: How to Talk Money with Your Honey. Avon: Adams Business, 2010.
Most Americans live paycheck to paycheck.. why is this?
Studies on living paycheck to paycheck:
https://www.cnbc.com/2017/08/24/most-americans-live-paycheck-to-paycheck.html
Footnote:
Cameron Huddleston, "69% of Americans Have Less Than $1000 in Savings," Go Banking Rates. September 19, 2016. https://www.gobankingrates.com/saving-money/savings-advice/data-americans-savings/ (Accessed October 23, 2018).
Bibliography:
Huddleston, Cameron. "69% of Americans Have Less Than $1000 in Savings." Go Banking Rates. September 19, 2016. https://www.cnbc.com/2017/08/24/most-americans-live-paycheck-to-paycheck.html (October 23, 2018).
What to discuss before moving in together:
"Specifically, it involves discussing what you own, what you owe, your income, and what your credit scores are before moving in together of getting married." (Introduction)
"It involves regular check-ins as a couple to make sure you are meeting your savings goals, investing wisely, that you both know where your important papers are stored, and seeing if any of your life priorities have changed." (Introduction)
"What we've discovered on the road is that getting the short end of the stick in a relationship, financially speaking, has absolutely no connection to your educational, economic, social, or ethnic background." (Introduction)
-none of these questions were asked in the initial survey
"Financial compatibility is one of the greatest predictors of whether your relationship will survive long term." (Introduction)
-interesting point about financial compatibility. Is this something that should be included in the application? How does one determine financial compatibility?
Get Financially Naked: How to Talk Money with Your Honey
By Manisha Thakor, Sharon KedarFootnote:
Manisha Thakor and Sharon Kedar, Get Financially Naked: How to Talk Money with Your Honey. (Avon: Adams Business, 2010), Introduction.
Bibliography:
Thakor, Manisha, and Sharon Kedar. Get Financially Naked: How to Talk Money with Your Honey. Avon: Adams Business, 2010.
Most Americans live paycheck to paycheck.. why is this?
Studies on living paycheck to paycheck:
https://www.cnbc.com/2017/08/24/most-americans-live-paycheck-to-paycheck.html
- Nearly 10 percent of those making $100,000 or more say they can't make ends meet.
- Seventy-eight percent of full-time workers said they live paycheck to paycheck
- About 56 percent also save $100 or less each month, according to CareerBuilder.
- While 46 percent said their debt is manageable, 56 percent said they were in over their heads.
- 69% of Americans Have Less Than $1,000 in Savings
Footnote:
Jessical Dickler, "Most Americans live paycheck to paycheck," CNBC. August 24, 2017. https://www.cnbc.com/2017/08/24/most-americans-live-paycheck-to-paycheck.html (Accessed October 23, 2018).
Bibliography:
Dickler, Jessica. "Most Americans live paycheck to paycheck." CNBC. August 24, 2017. https://www.cnbc.com/2017/08/24/most-americans-live-paycheck-to-paycheck.html (October 23, 2018).
Jessical Dickler, "Most Americans live paycheck to paycheck," CNBC. August 24, 2017. https://www.cnbc.com/2017/08/24/most-americans-live-paycheck-to-paycheck.html (Accessed October 23, 2018).
Bibliography:
Dickler, Jessica. "Most Americans live paycheck to paycheck." CNBC. August 24, 2017. https://www.cnbc.com/2017/08/24/most-americans-live-paycheck-to-paycheck.html (October 23, 2018).
https://www.gobankingrates.com/saving-money/savings-advice/data-americans-savings/
- 69% of Americans have less than $1000 in Savings
- 50-30-20 rule
- 50% for Needs
- 30% for Wants
- 20% for Savings and Debts
- https://www.gobankingrates.com/saving-money/budgeting/elizabeth-warren-50-30-20-budget-rule/
- Is this a feature that could be included in an application? Would it be useful to kickstart a financial plan between couples?
Footnote:
Cameron Huddleston, "69% of Americans Have Less Than $1000 in Savings," Go Banking Rates. September 19, 2016. https://www.gobankingrates.com/saving-money/savings-advice/data-americans-savings/ (Accessed October 23, 2018).
Bibliography:
Huddleston, Cameron. "69% of Americans Have Less Than $1000 in Savings." Go Banking Rates. September 19, 2016. https://www.cnbc.com/2017/08/24/most-americans-live-paycheck-to-paycheck.html (October 23, 2018).
Footnote:
Jennifer Calonia, "Senator Elizabeth Warren's 50-30-20 Rule Could Finally Fix Your Budget," Go Banking Rates. September 10, 2016. https://www.gobankingrates.com/saving-money/budgeting/elizabeth-warren-50-30-20-budget-rule/ (Accessed October 23, 2018).
Bibliography:
Calonia, Jennifer. "Senator Elizabeth Warren's 50-30-20 Rule Could Finally Fix Your Budget." Go Banking Rates. May 10, 2016. https://www.gobankingrates.com/saving-money/budgeting/elizabeth-warren-50-30-20-budget-rule/(October 23, 2018).
"responsibility predicts learning of new financial information (study 4)"
Jennifer Calonia, "Senator Elizabeth Warren's 50-30-20 Rule Could Finally Fix Your Budget," Go Banking Rates. September 10, 2016. https://www.gobankingrates.com/saving-money/budgeting/elizabeth-warren-50-30-20-budget-rule/ (Accessed October 23, 2018).
Bibliography:
Calonia, Jennifer. "Senator Elizabeth Warren's 50-30-20 Rule Could Finally Fix Your Budget." Go Banking Rates. May 10, 2016. https://www.gobankingrates.com/saving-money/budgeting/elizabeth-warren-50-30-20-budget-rule/(October 23, 2018).
"responsibility predicts learning of new financial information (study 4)"
On a Need-to-Know Basis: How the Distribution of Responsibility Between Couples Shapes Financial Literacy and Financial Outcomes
Cognitive interdependence: Commitment and the mental representation of close relationships.
By Agnew, Christopher R.,Van Lange, Paul A. M.,Rusbult, Caryl E.,Langston, Christopher A.
Journal of Personality and Social Psychology, Vol 74(4), Apr 1998, 939-954
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