Nearly 3 in 4 couples say money is a source of tension in their relationship. But most never figure out why, or what to do about it.
In this episode of Friends Talk Money, Richard, Pam, and Terry talk with Heather and Doug Bonaparte, a married couple and co-authors of the book Money Together. Heather is a business and legal affairs attorney. Doug is a certified financial planner and founder of Bonafide Wealth. And together, they have had every hard money conversation you have been putting off.
If you are married, partnered, or thinking about combining finances with someone, this conversation will change the way you think about money together.
They cover:
- Why debt and shame are silently running your relationship
- How financial power really works between partners
- Joint accounts vs. separate accounts, what actually works
- Navigating money in second marriages
- What to do when you and your spouse have different risk tolerances
- Why every couple needs a “Sorry I’m Dead” letter
Pam Krueger is an investor advocate, personal finance journalist, and author. She is the founder and CEO of Wealthramp, an advisor matching platform that connects consumers with rigorously vetted and qualified fee-only financial advisors. Pam created and co-hosted the award-winning investor education TV series, MoneyTrack, seen on 250+ public stations on PBS. With over 25 years in the industry, Pam is one of the leading voices on financial literacy and financial empowerment. When she’s not writing about financial planning for Worth, she’s talking about investing strategies on her podcast, Friends Talk Money.