Money Matters with Jim Doyle
Episode #12: Financial Infidelity & Talking to your Spouse about Money
What was the motivation behind the show?
My guests and I have seen our share of financial secrets. Unfortunately, secrets are trying on most relationships. Money shouldn’t be one of those secrets! Talking about money is something that most couples are uncomfortable with – especially if they feel embarrassment about choices they’ve made, fear being judged, or face conflict with their loved ones. It’s probably fair to say, that when we talk about this subject – you’re not alone.
In this show we ask: “Are you living a financial double-life?” From undisclosed accounts to hidden charge card balances – are these instances of “financial infidelity”? For couples, having different financial beliefs and goals is not uncommon. Without acknowledging these differences, however, couples may face difficulty talking openly about money – and living life to the fullest.
We invite you to tune in Thursday, May 14 at 5pm PT or Sunday, May 17 at 7am PT on Joytv.
What is this episode about?
Join me and my guests, Dr. Marina Adshade – UBC Professor of Economics at the Vancouver School of Economics, Darren Hotte at New Solution Mediation, and Claire Sutton, Registered Clinical Counsellor, Claire Sutton Consulting Inc. – as we explore the significance of families and spouses talking openly about money, offering tips for healthy money conversations.
Financial literacy rarely seems important – until a time of crisis, when we’re asked to make important decisions affecting our futures – with whatever financial skills we have. The weekly television series Money Matters with Jim Doyle was created in an effort to encourage Canadians to explore some of the financial issues we help clients address throughout their increasingly complex lives.
What are we hoping will come out of this show?
Communication is an incredibly powerful and essential tool – especially when it comes to goals and money between couples. Getting on the same page, financially, with your spouse can take some work, maybe even hard work – but the benefits are immense. We want to help couples remove the stigma around talking about money to create a foundation for healthy, open, ongoing conversations.
On our next show we’ll be talking about: ‘Divorce & Money – The Unplanned Journey’, encoring May 21 at 5pm PT and May 24 at 7am PT.
Jim Doyle, Doyle & Associates Private Wealth Management, Investors Group Financial Services Inc.
This is a general source of information only. It is not intended to provide personalized tax, legal or investment advice, and is not intended as a solicitation to purchase securities. Jim Doyle is solely responsible for its content. For more information on this topic or any other financial matter, please contact an IG Wealth Management Consultant. Views of guest speakers may not be shared by IG Wealth Management.