Page 2 - Van Wig & Associates Newsletter, Lakewood Edge ~ September 2019 Issue

financial planning
YOUR MONEY

KIDS AND MONEY:

WEDDING SEASON

MEANS IT’S TIME TO

HAVE A MONEY TALK

LAKEWOOD

REAL ESTATE EDGE by Steve Rosen a way to get a conversation rolling,
particularly on how to save for these
Publisher f wedding bells are about to experiences.
Allison Van Wig be chiming, your child and “Define what each “If you listen to any financial
CA DRE #00985700 I future spouse have probably podcasts or follow financial experts
heard by now of the need to have a on Instagram,” Bosse said. “You
heart-to-heart talk about money and partner wants and could say ‘I heard something
managing finances. interesting today.’ Explain what it
But here comes the hard part for values. This should was then ask (your future spouse),
many couples. How do you break the ‘How do you feel about that?’”
4435 E Village Rd ice and get the conversation started, One partner could work on a
Long Beach, CA 90808 especially if one partner tends to shift lead to a conversation household budget and show it to
the talk to last night’s ballgame or the significant other and ask for
562-882-1581 disappears and heads for the other input, Bosse said. Or, create a joint
Allison@superbroker.com room when money questions start about what steps are net worth statement to get all the
www.SuperBroker.com flying? financial information out in the open
Before the frustration level over so it can be shared.
what’s yours, mine and ours hits needed to get there.” As you are figuring out which
the breaking point, there are some accounts you are using to pay for
questions that can serve as talking wedding expenses, Bosse said you
points to relieve the tension, plus could naturally drift into some
other suggestions on how to handle questions about the future, such as
the money topic. said. “These provide insights to “Define what each partner wants maintaining separate bank accounts,
Lucas Buci, a financial planner your future spouse about how you and values,” Buci said. This should one joint account, or both.
and principal at Aspyre Wealth see finances and can enhance the lead to a conversation about what Finally, if the wedding ceremony is
6425 Busch Blvd., Partners in Overland Park, Kansas, understanding and empathy needed steps are needed to get there.
Columbus, OH 43229 to handle tough financial situations As we know, opposites attract, many months off, income tax season
877.872.3080 said a good strategy to break the ice is a good time to broach money topics
www.DiscoverPubs.com is for couples to share their money and decisions as a couple.” partners may have completely together, said financial planner Sandi
history. It’s a less threatening way to For example, Buci said, share different money styles. Good Weaver, a financial planner with
Sudoku, Scrabble, Crossword your biggest money success. What communication will give a couple a
and articles distributed by get the conversation going, he said. Weaver Financial in Mission, Kansas.
Tribune News Services and “Talk about money memories, decisions did you make to achieve better understanding of each one’s “Virtually everything ends up in the
Brandpoint where noted. what finances were like in your this success? Talk about your goals: viewpoint.
© Copyright 2019 by tax documents,” Weaver said. n
Discover Publications, Inc. childhood household, and what Where do you want to be financially Financial planner Jamie Bosse,
All rights reserved. lessons and values around money in three years, seven years and more? also of Aspyre, suggests couples talk ©2019 Distributed by Tribune
came from your parents,” Buci Why is it important to you? about what’s on their bucket lists as Content Agency, LLC
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