Saturday, January 5, 2013

The 5 Money Personalities by Scott & Bethany Palmer (the Money Couple)

Book Description:  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?

My Review: I remember when my husband and I were first married we both had different, completely different concepts, of how we should spend our money.
I hate to spend money on fast food and my husband sees any food as a necessity.  But for a bargain!  My husband thinks one should buy what one needs and not necessarily wait to the sale price.
Well, handling our money together our first two years of marriage was well, interesting.  
After reading The 5 Money Personalities I realized that my husband and I are good for each other.
We both read this book and had laugh at times when we saw ourselves.  
I like what Scott and Bethany wrote on p. 94,third paragraph...It's about a husband and a wife.  She has spent his money that he had been saving out of his "saving " money.  He had been saving for a new golf club and when he went to get his savings it wasn't there.  His wife had spent it. "He told us. 'I felt like she'd cheated on me.' It wasn't the loss of the money that hurt. It was the loss of trust in his wife that left him devastated.  They'd had a deal and she ignored it~and him.  That's what hurt."
I love this quote from the book, "The hidden key to a healthy relationship is not just managing money but understanding how the other approaches money."  Now, I haven't spent my husband's savings but a woman once told me that she had charged thousands of dollars on her credit card.  Her husband was devastated and they almost ended up in divorce court.  He.too, felt like she had cheated on him...almost worse than another man.
This book is  a great gift for a couple that is newly married or for that couple that is going through some money growing pains and need a plan of action.  Actually, it's a great book for all couples!  We can all use help in understanding our mates and keeping our money plans sane!
*This book was provided for review by BookSneeze*

  • Paperback: 208 pages
  • Publisher: Thomas Nelson (January 1, 2013)
  • Language: English
  • ISBN-10: 0849964784
  • ISBN-13: 978-0849964787

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