Navigating Money Habits in Marriage

Today’s discussion is with Cara Macksoud and centers around how couples can navigate money habits in marriage.

Cara Macksoud began her career on the New York Stock Exchange at the age of 17 while simultaneously attending NYU Stern School of Business where she majored in finance.

Cara eventually became the youngest woman to earn a seat to trade on the New York Stock Exchange. She is the mother of five and CEO of Money Habitudes, a game-like assessment – played either via physical cards or online – to help people understand and talk about their finances in a fun, constructive way.

Takeaways

• Open and honest communication is crucial for addressing money habits in marriage.
• Celebrating wins, no matter how small, strengthens the relationship.
• Understanding and utilizing each other's strengths can lead to better financial decisions.
• Avoiding conversations about financial habits can create resentment and strain in the relationship.
• Asking your partner what they would do if they won the lottery can provide insight into their priorities and values.

Chapters

00:00 Introduction
00:50 Cara’s Journey: From Coffee Runner to Money Habitudes
05:20 Advice for Dual Career Parents
12:10 Understanding Money Habitudes
16:30 Attitudes About Money and Relationship Dynamics
24:13 Dealing with Bad Financial Habits in Marriage
25:28 Positive Financial Behaviors in Relationships
30:38 Simple and Actionable Advice 

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Chapters

• 0:00 Introduction
• 0:50 Cara’s Journey: From Coffee Runner to Money Habitudes
• 5:20 Advice for Dual Career Parents
• 12:10 Understanding Money Habitudes
• 16:30 Attitudes About Money and Relationship Dynamics
• 24:13 Dealing with Bad Financial Habits in Marriage
• 25:28 Positive Financial Behaviors in Relationships
• 30:38 Simple and Actionable Advice