How Big Is It?
Tuesday, April 24th, 2007It’s said that most divorces occur because of sex or money issues. And while they’re both important and even connected, we can’t picture the debate between spousal attorneys where one says, “Okay, you can keep the vibrator, but my client gets the French maid costume.”
Not having enough may be a concern when it comes to sex and money, but lack of honesty is probably the greater culprit in both cases. In Mark’s practice and among our peers, we rarely find a scenario where both members of the couple fully grasp the comprehensive financial picture. This can be damaging to a relationship, not to mention dangerous if, say, something were to happen to one of the partners. Awful, but hardly impossible.
So how about a Quickie focused on finances? Start by considering the following questions:
- Do you both know how much money comes in?
- What are the monthly/yearly expenses?
- How much debt do you have separately and collectively?
- What money baggage do you carry from your family growing up?
- How big is it? Your partner’s bank account that is.
In our lives, we have had to work much harder on this issue than the s-e-x one. When our narrow driveway means another trip to the autobody shope to remove dents, Mark grumbles about the cost while Sandra cheerfully remembers that no one was hurt and “it’s only a car.” Meanwhile to weekly limit expenses, Sandra will often buy just one roll of paper towels or one bottle of juice while a messy thirst Mark likes to stock up and spend less time at the grocery store. Coming from parents with tight budgets and depression-era principles, we both worry about having enough, but in different ways.
Leaving us to ask, where are you and your partner on the whole finances and honesty thing? Try having a Quickie for Money–it could be one of your best investments.