The money mistake that can ruin your relationship | In Your Corner, Ep. 21
About this episode
This episode discusses how couples can manage money together to avoid stress and conflict in their relationships.
Money is one of the leading causes of stress in relationships, but it doesn't have to be. In this episode, Regina McCann Hess joins consumer reporter Josh Sidorowicz of CBS News Philadelphia's In Your Corner podcast to discuss how couples can successfully manage money together. From whether you should combine bank accounts to how to avoid "financial infidelity," this conversation is packed with practical advice for couples at any stage. You'll learn: When to start talking about finances in a relationship How to split expenses and set shared financial goals Whether joint or separate accounts work best How to avoid common money mistakes like lifestyle creep A simple "1/3 rule" to balance saving and spending If you've ever argued about money, or want to avoid it, this episode is a must-watch. 0:00 Introduction 0:20 Why money is a top relationship stressor 2:20 Should couples combine finances? 4:30 The "kitchen table" money conversation 6:15 When to talk about finances in a relationship 7:05 What is financial infidelity? 8:10 How to handle different money goals 11:05 Budgeting (or a "plan) that actually works 15:25 The 1/3 rule for raises and bonuses 20:30 Credit cards: joint vs…
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