Becoming a team means getting your sh*t in order when it comes to money which is why I invited financial Coach Dan Hinz from adultingwithmoney.com back to the show to answer your couple finance questions. We cover lots in their episode, money guilt- when one partner is earning more than the other, debt suit, goals post wedding and also when you should unite your finances in a joint account.
Maybe you’re in the process of planning your wedding or maybe you’re already hitched, but at some point you’re going to have to talk about finances. Do you have questions about budgeting your money with your partner? Are you unsure about whether or not a joint account is the right way to go? Today Dan Hinz, MBA and Financial Coach from Adulting with Money, is here to shed some light on the subject and to tell you where the best place is to start.
“A couple needs to have a common language that they start to talk about money in the same ways.”
“Sometimes you’ve just got to practice to get better.”
“The key [when it comes to one partner making more money than the other] is that the one making more doesn’t make it a big deal.”
“Whatever helps the team, helps the team. Whatever hurts the team, hurts the team.”
“Once you get out of the individual mindset and realize you’re a team, those lines of what’s fair and not fair start to disappear.”
“I want anything that helps us, anything that helps the team.”
“All things money related boils down to a monthly number.”
Dan Hinz, MBA, is a financial coach who helps engaged couples and newlyweds stop money fights before they start.
A graduate of Iowa State University with a master’s degree in business administration with a focus on finance, he authored the ebook, How to Talk About Money with Your Spouse: The Ultimate Guide, a 20,000+ word guide that teaches couples how to be on the same page with money.
Dan has also been an adjunct professor in finance for Florida State University-Panama City and Gulf Coast State College. He lives in Panama City Beach, Florida with his wife.
Show image by Sabina Ciesielska