Couples
in Financial Ruins
Money is the cause of some of the
biggest fights and the most stressful situations
that a marriage can face. A recent study at the
University of Denver found that couples fight about
money more than any other issue. With statistics
that show that 40% of U.S. families spend more
money than they earn, it’s clear that many
couples are likely suffering from financial and
relationship stress. Today’s guests are on
the verge of divorce because of their differing
approaches to managing the family budget. Find
out more below:
Financial difficulties forced
Terry and David to separate four years ago, and now
they say their intense
arguments over money are close to tearing apart their
marriage for the second time. David regrets letting
Terry take over the bill payments, while Terry doesn’t
trust David to take care of it on his own. They also
admit to spending too many dollars on frivolous items
like DVDs and video games for their four children.
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Tyres’ position in the military
has stationed her in Vancouver, WA, while Norman
resides on the opposite side of the country in
Washington, D.C. While Norman tries to kickstart
his flailing clothing business, Tyres is forced
to work two jobs to support Norman and the rest
of their family. Tyres says that Norman needs to
step up and find a job with more income so that
he can contribute to their joint finances or she
just may leave the marriage. See
Norman’s
defense and Larry’s reaction in this video
clip.
Financial expert Dr. Audrey Reed agreed to work
with both couples after the show and suggested
some simple solutions to cutting down their spending.
Stay posted to our Guest
Updates section for updates
on both stories.
Quick Clicks
Special thanks to Christopher Rand, CPF, Senior
Financial Planner, for offering each couple free
financial advising from PlanMet. For more information
on PlanMet’s services, call (866) PLAN-MET
or visit: www.planmet.com.
Visit our Advice Archive for ideas on how to better
manage your own money:
Five Steps for Romantic Money Management for Couples
Ask the Experts: Submit
your money questions for
financial whiz Dr. Audrey Reed.
Are you fighting with your significant other over
money? Tell us about it.
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