Getting on the same financial page with your spouse

Getting on the same financial page with your spouse


Shalom in the home

It’s been my observation that often the husband takes control of financial matters and the wife is left a bit in the dark. This is a generalization and maybe the roles are reversed in your home. Regardless, everyone knows it is important to get both spouses on the same page, but it is tough to allocate the time and energy to get it done. Yet, there comes a time when a spouse managing the financial matters realizes that their spouse might not be prepared should something happen to them.  This is a major benefit of seeking the assistance of a financial planner– a resource to hold all the pieces together and ensure that everything is taken care of in the event of an emergency.

A good plan isn't always enough

Working with an advisor trained to address all areas of finance will help you put together a well thought out plan, but often times this still leaves the spouse who is not as excited about finances feeling like a third wheel.  Maybe your spouse has experienced this as they sit beside you: Did they go through a presentation deck and jump to the last page while you and your advisor were on a totally different page?  Or, did your spouse’s eyes glaze over as you and your advisor were going through a bunch of numbers?

A process built around everyone being able to visualize their financial life

We didn’t start out with a plan to solve this common problem, but we discovered that when we started using a scientifically proven process (mind mapping) to capture the non-financial stuff that winds up having financial implications first, both spouses became engaged. This interactive tool projected on a big screen unites both spouses and really helps them visualize and grasp the big picture of their financial life.

Seeing is believing

We may not be the right fit for you, but combining this visual method with the confidence you’ll have that our recommendations have your best interests in mind (fee-only firms never receive commissions on products or services recommended), the InsightMap from Coyle Financial Counsel is worth exploring. So, if you’re ready to work together with your spouse to get on the same page, give us a call or drop us an email and we can introduce you to our process through a complimentary InsightMap Preview meeting.

[caption id="attachment_436" align="alignleft" width="150"]John Dragstrem John Dragstrem[/caption]

Coyle Financial Counsel’s John Dragstrem, CFP® has been providing ongoing wealth counsel to families as they navigate life’s transitions for the past ten years. Contact John and learn more about how mind mapping can help you and your spouse get on the same financial page.

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