The Heart of Money
A Couple’s Guide to Creating True Financial Intimacy by Deborah L. Price
- Talking about money is vital to a strong relationship between domestic partners
- Financial intimacy keeps a relationship strong
- You can purchase “wants,” but keep your partner informed
- With children, money cannot substitute for time and affection
As we begin to heal our lives and our relationships, we increase our capacity to create a far better, more financially mindful and sustainable world. Openness and frankness, tempered by sensitivity, are the keys to keeping money woes from hurting, maybe even destroying, relationships. “Money, love and sex… any one of these subjects represents a plethora of complex emotions and experiences that human beings have grappled with throughout history. When you mix these issues together, you have perhaps the most challenging and combustible material known to humankind.”
Some of the traps are clashes over core values, unclear financial agreements and priorities, and procrastinating or withholding pertinent financial information. Though the book focuses on couples and personal finance, the lessons offered may also benefit business finances as well—particularly in partnerships. Like a household’s well-being depends on resolving those issues, so would a business’s. For example, Price suggests that a household establish a monthly budget to guide expenditures. Maybe a startup should apply the same idea. Rather than a yearly budget, the partnership of entrepreneurs should establish a monthly, quarterly or half-year budget. Many of the barriers—secrecy, adversity, complacency—to a fulfilling financial relationship between couples can be extrapolated to apply to business relationships.