060: Managing Money in Marriage
Podcast Guest: Ryan Law
Listen to the Show:
In this Episode
Ryan Law joins Dr. Dave Schramm and Dr. Liz Hale to discuss managing money within strong marriages. He talks about the importance of assuming the best and the 5 Money Habits to financial success.
0:00 – Introduction: Who is Ryan Law?
2:10 – Money disagreements can lead to divorce
5:05 – Assume the best, gather the facts.
8:54 – Knees to Knees Technique
12:20 – Return of Investments
11:42 – 5 Money Tips
15:03 – Money Roles
17:58 – Saving is a habit
21:47 – Ryan’s Resources
22:38 – Takeaways
Insights and Invites
“I would encourage couples to do two things. First, to not assume bad intent on your spouse's part. And second, to wait until you have all of the facts.” - Ryan Law
“Those who give and find a way to give in a way that they both agree to are healthier, happier, and even richer.” -Dr. Liz Hale
“Nobody wins really, as soon as it erupts and it becomes emotional when you get defensive and name calling everything you had just doesn't just does not go well” -Dr. Dave Schramm
- Think of an experience when you had wrong assumptions about the way that they spent money and think about what you could do differently next time to assume the best.
- Join Ryan Law’s email list to learn about more tips that will help you to master the money side of your marriage.
About Ryan Law:
Ryan Law is the Director of the Utah Valley University (UVU) Money Success Center. He is an award-winning educator who teaches the Financial Counseling courses as part of the Personal Financial Planning program at UVU. Ryan is a Certified Financial Planner™ professional (CFP®) and an Accredited Financial Counselor (AFC®). Ryan is the author of the books, “Student Loan Planning,” “Make Positive Changes” and co-editor of the book “Financial Counseling.” Ryan and his wife, Traci, have been married for 24 years and they live in Utah county with their 5 children.
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