When I was first asked to review this book, I was a bit skeptical if it would be an interesting book at all. I am not that interested in discussing money matters between husband and wife but I was quite curious about “money personalities”.
About The 5 Money Personalities (information from the publisher)
The hidden key to a healthy relationship is not just managing money but understanding how the other approaches money.
Every couple argues about money. It doesn’t matter if you’ve been married for 40 years or dating for 4 months, money touches every decision you make as a couple—from the $5 cup of coffee to the $50,000 car. And when the two of you don’t see eye-to-eye on how much to spend or how much to save, that’s when arguments turn into ugly toxic fights that leave both persons feeling hurt and angry. It’s why money has become the #1 cause of divorce in the U.S. Obviously, something needs to change. The reason this crisis has not been addressed is because it has never been identified, defined, or given a name. Scott and Bethany Palmer, aka “The Money Couple,” have identified and defined this problem and offer concrete solutions to fix it.
Once you know your Money Personality, you can get to the root of money arguments and start really working together. You’ll discover what has an impact on your loved one’s money decisions, and you’ll learn how to talk about money in a way that’s actually fun! You’ll figure out how to put an end to money secrets and lies once and for all.
It’s not just about money management, and it’s definitely not just about overcoming debt. It is a whole new way of living that will change everything in your relationship. Tens of thousands have already been transformed. Are you ready?
The author of this book is Scott & Bethany Palmer or better known as “The Money Couple”. Both have dedicated their lives to helping other strengthen their relationships with the 5 Money Personalities. With 43 years of combined financial planning experience, they launched “The Money Couple” and are regulars on national TV and radio and speak internationally about love and money. Scott and Bethany enjoy an active lifestyle in Colorado with their two young sons, Cole and Cade.
My thoughts about the book
The book really centers on the 5 Money Personalities more than anything else. It seeks to let the couple understand why each handles money the way they do. They also give practical examples and tips on how to talk to each other to resolve the differences in money personalities. This is not a book about how to handle your finances or what to do with your money but it deals about the relationship between the partners to ensure a peaceful and more cooperative relationship.
I recommend this book for every couple. It is true that every couple will argue about money, but most often, we all fail to realize that money is not the problem but the way we spend, save or use the money. After reading this book, it allowed me to know myself better too. I now know what to expect of myself when it comes to money. It gives me a more realistic view of my finances and the way I handle the finances. I can watch out for my weaknesses and lean on my strengths. This book also allows couples to deal with their differences and work it out. It gives a step by step process which includes the money huddle, how to stop fighting and how to fight fair.
This book is both a text book and a work book as there are action items which you need to do with your partner at the end of each chapter to greatly benefit from this book. It also works best if both spouses will read the book and willing to work out their differences.
If you want to find out more about this book, check out the following:
The book is scheduled to be released by Thomas Nelson this January 2013. Being a reader of The Mommy Journey, you get a chance to win a copy of this book for free by joining the giveaway at the end of this post! Giveaway starts on January 18 and ends on January 25. Giveaway is open internationally.
Disclaimer: I received one or more of the products or services mentioned above for free in hope that I would mention it on my blog. Regardless, I only recommend products or services I use personally and believe will be good for my readers. I am disclosing this in accordance with the Federal Trade Commission’s 16 CFR, Part 255: “Guides Concerning the Use of Endorsements and Testimonials in Advertising”.