Scott and Bethany Palmer are best known as “The Money Couple” and authors of “Cents and Sensibility” and “First Comes Love, Then Comes Money”. They are certified financial advisers based in Colorado Springs Colorado and together run Envoy Financial.
Scott and Bethany’s corporate mission statement “Strengthening personal financial relationships” should resonate with anyone who is in a relationship or thinking about going into and/or getting out of one.
Have you ever noticed that for a commodity that we literally could not do without, serious discussions about money between couples can elicit a range of responses some of which border on the irrational?
Scott and Bethany Palmer Interview. You can download the mp3 recording and pdf transcript of this interview by going to http://yourmoneyandyourmindset.com/online-store/
I asked Scott and Bethany about the dynamics involved in managing joint finances for two people who are about to make a serious commitment to each other. As Scott and Bethany explained “It starts with each person understanding themselves and their personal views on money. These inherent money profiles that we all have determine whether we are savers or spenders, risk takers and everything else in between”.
They go on to say, “Financial infidelity can occur if there isn’t the understanding and clear communication between two people ”.
Got that folks? Talk to your significant other about money, and do it in manner that is non judgmental or accusatory. Personally I think that not taking an interest (no pun intended) in your day to day budget, investments and retirement plan is much like sticking your head in the sand. Wishing someone else will deal with it just does not cut it; you really do not want your assets exposed.
What gladdened my heart was to hear Scott and Bethany supporting parents who want to give their kids a firm financial grounding as early as possible. Therefore, teaching your children to save, invest and respect money will give your kids a tremendous head start. Kids, you will thank your parents for this one day.
As for the sensitive subject of estate planning, Bethany as the mother of two young boys shares her personal story of overcoming breast cancer. Their advice, “Take the emotion out of the decision making process is the first step”, indeed is the most important we all could use.
Find Scott and Bethany Palmer at: