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    Kids & Family

    Normalize therapy.

    Formerly: The Marriage Podcast for Smart People. Co-hosted by Caleb and Verlynda Simonyi-Gindele. We are married to each other and are both counselors who have worked extensively with couples and individuals. We own Therapevo Counselling Inc., a counselling agency that delivers hope and healing to clients across North America and beyond via secure Zoom video call.

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    Copyright: © Caleb & Verlynda Simonyi-Gindele, 2019. For personal self-help use only.

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    Latest Episodes:
    How To Create and Deliver a Legendary Wedding Speech Jul 29, 2015
    Show notes

    Most wedding speeches are lame. There, I said it. Somebody needed to. We have a lot of listeners tuning into our podcast because they're getting ready for marriage. If that is you, and if you are the groom, in particular, I would like you to heed the advice herein. Epic Wedding Speech-making Your wedding speech is an opportunity to be legendary. The competition is nearly non-existent (think, "...and I'd like to thank Betsy for ALL the work she did on the centerpieces...yawn). Most wedding speeches are just a tiresome list of thanks spieled off after a reception that has already gone on too long. My proposal is that you, the groom, think about how you can add a personal touch to your speech that will leave an impression that adds honour to the occasion. The Five Keys to a Great Wedding Speech 1. What She Means to You Yes, She. She Who Must Be Obeyed. Lol. Seriously: I want you to provide heartfelt testimony to the incredible attractiveness of your spouse in front of all who are in attendance. If you can't think of content for this testimony: think about how you can end the engagement as respectfully as possible. But, if you're like me and you sincerely believe you're one of those guys who just landed the gal of his dreams then you'll have plenty of content. Tell them what she means to you. 2. How She Has Impacted You Already This builds on #1 by providing your audience with real examples of the impact that this incredible woman has already had for good in your life. Again, if she is the girl of your dreams you should be able to come up with some real examples and genuine commentary on what a blessing she has been to you. 3. Why You Cherish Her Now Your relationship will unfold over years to come. It's a journey. But for where you are at today, your wedding day, I am calling on you to speak to why you cherish her at this moment. What are the values, attitudes, beliefs and character traits that make her so precious to you? 4. Why I Am Attracted To You If you have been speaking about your wife, this is the point you turn to her and speak from your heart. Tell her why you are so absolutely struck by her that there is nobody else in the world you would consider marrying. 5. Ice the Cake If she's not in tears (the warm fuzzy feeling kind of tears) this is where you just put the finishing touches on the speech in your own words. Pause. "{Her name}, I love you. Thank you for marrying me." Pause And Then The Rest of It Yes, you should do your thank you's. But before that, turn to her parents for a moment and speak to them. Now, I don't know what you think of your in-laws. But if it is all possible to honestly and authentically do so, you should thank them for their daughter. They've had a lot of influence on forming her character. They all say "We're gaining a son today" but really, they're losing their daughter. You're setting up a new family unit with her and they know it's going to be a new relationship for them. So thank them. And then, last, but not least, the sincere thank you's for all the other folks who made the day special. Be authentic but also be methodical. What I Didn't Do That I Wish I Had Looking back, there's one thing I wish I had done. I wish I had paused to thank God for Verlynda, for our marriage, and for all of our loved ones and friends who came to celebrate the day with us. I've done it many times since, but if I could one thing differently that would be on the list for sure. Those are my thoughts. Now, it's your turn! What is (or was) the favorite part of your wedding speech?


    Marla Cilley Interview: The FlyLady Helped Our Home and Will Help Yours Too! Jul 22, 2015
    Show notes

    Have you ever been in that place? You know, you come home from work… the house is a mess… you don’t want to be there… you’re yelling at the kids… you’re yelling at your spouse because your environment is a mess but it’s like your inside is a mess and your emotions are a mess too. Nobody likes to live like that. Not only that – it’s not good for you either. That’s why we interviewed Marla Cilley, a housekeeping guru commonly known as FlyLady, for some tips on how to get out of this chaos. You'll definitely want to listen to this interview from start to finish! First, though, I was curious if there was any scientific research surrounding stress levels and home environments. It turns out there is. Wives who described their homes as more restorative (meaning they enjoyed their home environment) had lower stress levels and less depressed mood across the day. Conversely, wives who described their homes as more stressful had indicators (a flatter slope of diurnal cortisol) of chronic stress. Those indicators are typically associated with adverse health outcomes. Apparently, husbands are not affected so much by the home environment, as there was really a null result for them. The conclusion is that wives feel more responsibility for the home environment.[i] The same researcher found an association between wive’s marital satisfaction and the flatter slop of diurnal cortisol. We all know that correlation doesn’t imply causation, but we think it is reasonable to conclude that if you find your home environment stressful, particularly as a wife, you’ll likely to have decreased marital satisfaction. The converse is true as well.[ii] So, I think it is safe to say that taking care of your home is another way of taking care of your marriage. We are not asking wives to do this, but we want both of you to take this seriously and figure out how to divide up the responsibilities. Not only does the research show that home environments affect the diurnal cortisol which impacts marital satisfaction, but the same theme carries over to parenting. Findings show that maladaptive parenting styles and child emotionality both increase in cluttered homes. The researchers saw this as being mediated by maternal tenseness.[iii] The case we’re making here is that creating a home environment that is peaceful and has some sense of serenity and calm is a blessing to your marriage and your family. That’s why we interviewed FlyLady – to ask her how to help young couples get their homes organized and kept tidy. She gave us some awesome information including: Where to start – especially if you’ve got a company A different focus for each month of the year How to build a routine How to get rid of your perfectionism How to break your home into zones so it’s not so overwhelming How to create that relaxing environment you want to come home to How to save money in the kitchen. Thanks again to Marla Cilley for providing such masterful content to us all! You can find more about her at www.flylady.net and be sure to follow her on Facebook and Twitter. For more great content on how to make your marriage thriving and passionate, be sure to sign up for our email list now. You only stand to benefit from it! References [i] Darby E. Saxbe and Rena Repetti, “No Place Like Home: Home Tours Correlate With Daily Patterns of Mood and Cortisol,” Personality and Social Psychology Bulletin 36, no. 1 (2010): 71–81, doi:https://dx.doi.org/10.1177/0146167209352864. [ii] Darby E. Saxbe, Rena L. Repetti, and Adrienne Nishina, “Marital Satisfaction, Recovery from Work, and Diurnal Cortisol among Men and Women,” Health Psychology: Official Journal of the Division of Health Psychology, American Psychological Association 27, no. 1 (January 2008): 15–25, doi:10.1037/0278-6133.27.1.15. [iii] Carly M. Thornock et al., “The Direct and Indirect Effects of Home Clutter on Parenting,” Family Relations 62, no. 5 (December 2013): 783–94.


    How to Rebuild Trust in Your Marriage Jul 15, 2015
    Show notes

    Even if it feels impossible at this moment, I want you to know that it is possible to rebuilt trust, to create safety and to restore intimacy to your marriage. I’m not saying it’s going to be easy or simple. I can’t even promise that your trust will never be broken again. But I am saying that it is possible. In every human relationship, probably without exception, there are moments of betrayal. This has been happening for millennia: think even of the words of King David in Psalm 41:9, “Even my close friend in whom I trusted, who ate my bread, has lifted his heel against me.” Jesus Christ himself was betrayed, so know that you’re not alone. He understands, he’s been there. It happens to everyone. As common as it is though, there may be no blow as severe as a betrayal – we feel it keenly. The good news though, is that it doesn’t have to be fatal to your marriage. If you are the injured party, this post is especially for you. We hope it will be a comfort to you as well as help you figure out how to move forward after a betrayal. If you have been betrayed, there is a process you’re going to go through. Of course, your own journey is always unique but here’s typically what we see when working with couples in distress following the disclosure of an extramarital affair, perceived abandonment, disclosure of a pornography addiction, or even major changes of lifestyle and values and even religion. Generally there are three phases:[i] Roller Coaster Moratorium Trust building Stage 1: Roller Coaster This is no surprise here. Researchers wrote that “initial responses to a partner’s disclosure of infidelity were often intensely emotionally charged” which makes perfect sense. We see folks swinging between severe grief and numbness to thoughts of murder and escape. There is often a lot of confrontation and anger being expressed and a flood of conflicting emotions going on. These conflictions emotions are wanting to get past the offense but at the same time refusing to. Or, wanting revenge by doing the same thing, but hating what has been done, etc. No matter what feelings are going on here, they are very strong. You can see why it is called the roller coaster stage. The important part here is being willing to express the strong emotions to trusted confidante’s: a counsellor, a church leader you can trust, and to your spouse who has injured you. He/she needs to see your pain. Stage 2: Moratorium When the emotional reactivity slows down and you find yourself trying to make meaning of the betrayal, you’ve moved into the moratorium stage. This period typically involves quite a bit of obsessing about details, retreating or pulling back from your spouse physically and emotionally, and recruiting the support of others to try to make meaning of the betrayal. As a cautionary note: If this was a sexual betrayal, obsessing about details is not always healthy. You need enough to make you feel safe, but if you start getting all sorts of voyeuristic details, they’ll create memories and images that will be very difficult for you to overcome. According to the researchers, here’s what you probably should know in the case of an affair:[ii] Who the extramarital partner was How long the affair lasted How often they met Where they met. If you find yourself on an endless search for facts, it may be because it is easier to talk about facts than feelings. When you feel yourself going down this pathway, as the betrayed spouse, stop and think about what you are feeling and what you need. You are probably needing reassurance that your spouse wants to work on the marriage and still finds you attractive and loveable. Learn to be more vocal about this and focus on feelings, not facts. Stage 3: Trust Building Trust-building takes a while. It is a long and difficult process, depending on the nature and extent of the betrayal. The first part of trust-building Is re-engaging. There is isolation brought about between each spouse due to the moratorium, but if the couple is open to rebuilding their marriage, this aspect of reengaging comes out where they start experiencing greater dialogue and openness in the relationship. This is not just dialogue about the betrayal or whatever broke the trust, but about relationship problems that led up to the breach of trust. The second part is ownership and remorsefulness. The injurer is typically expressing more remorsefulness during this stage and accepting responsibility for how their actions impacted their spouse. You might think that the apologies are needed much earlier on. Ironically, they are, but they are not really believable until this stage. Often the injured party will see early apologies are cheap attempts to patch over the depth of the injury or even to sort of ‘buy off’ the offended spouse. As in, “You want me to get over it just like that???” There is too much anger to really accept the remorse early on, but once the initial anger has passed and the couple is starting to make meaning, behaviours are starting to change and be maintained, then the offended spouse is in a better place to hear and internalize the apology. The third part of trust-building is for the offending partner to start showing behaviours that demonstrate commitment to the relationship. There is usually a return of loving behaviours during this trust-building stage also. The fourth aspect of building trust is increased couples communication. This understands leads to greater intimacy. The final aspect of this trust-building stage is forgiveness. If you’ve been offended and betrayed and have lost faith in your spouse, this is not something you can rush. It is a very necessary part of your own recovery as the betrayed spouse to find ways to forgive the betrayer. Forgiveness is important for your own healing but also very difficult to master. It is usually not just one decision, although it may be catalyzed by a crisis decision on your part, but something that needs revisited. Think of it as a process over time where you are exchanging hard, bitter feelings (eg. anger or bitterness) for softer, deeper feelings (eg. sadness over loss).[iii] It may be helpful for you as a betrayed spouse to write a letter saying you are in the process of resolving, forgiving, and letting go of the hurt and anger towards your spouse. This letter is a snapshot in time of your process going through all this. Express what you do not forgive, or are unable to let go of, and why it is difficult for them to resolve the injury. It is OK to feel those feelings! In this letter, also express what you presently need from your spouse to help you let go of the hurt and anger and to forgive them. If you have already let go of the hurt and anger or forgiven your spouse, then write about where you are emotionally around the injury and whether you feel you are able to reconcile. This letter writing really helps you identify where you are in your own process of forgiving as part of rebuilding that trust.[iv] As you can see, rebuilding trust really is a process. It takes time, goes through stages, and can also be very, very difficult at times. We can’t empathize the forgiveness component enough. If you are reading this right at the start of your crisis, right after possibility a major betrayal, then forgiveness probably seems so ridiculous to even consider. Maybe you even have well-meaning people pressure you to forgive. Well, we will NOT add to that pressure. Most people come to want to offer forgiveness on their own, but if they never get there, we are not going to persuade them otherwise. Take the time you need, but remember that forgiveness is super valuable in serving to rebuild trust and rebalancing power in your couple relationship. It is clinked closely to increases in marital satisfaction and psychological closeness. It is worth doing if you want to rebuild trust.[v] [i] Michael M. Olson et al., “Emotional Processes Following Disclosure of an Extramarital Affair,” Journal of Marital and Family Therapy 28, no. 4 (October 2002): 423–34. [ii] Gerald Weeks and Stephen Treat, Couples in Treatment, 2 edition (Philadelphia, PA: Routledge, 2001). [iii] Olson et al., “Emotional Processes Following Disclosure of an Extramarital Affair.” [iv] Leslie Greenberg, Serine Warwar, and Wanda Malcolm, “Emotion-Focused Couples Therapy and the Facilitation of Forgiveness,” Journal of Marital and Family Therapy 36, no. 1 (January 2010): 28–42. [v] Ibid.


    Healthy Marriage Without Good Role Models Jul 08, 2015
    Show notes

    So, what if your parents didn’t have a great marriage? Or, maybe other folks who served as role models in your life haven’t modeled a healthy, thriving marriage? Are you hooped, or is there hope? Let’s figure out if there’s any hope. If you are in this situation of having poor role models, you are not alone. This is such a common, shared experience. We all try to do our best as a couple, but even then, I’m sure our kids can see things that they like and will adopt from our relationship, but also see other things they’re not going to want to carry forward. We all face this challenge of role models, to varying degrees, so be encouraged! The first thing we need to remember is that all role models are useful. We all think the positive ones are, but negative ones can be as well. What the research shows about human behavior is that when we want to add positive, beneficial activities to our lives we look for positive role models. For example, if I want to work out more often, I will choose a fit person as a role model. On the other hand, when we want to remove unhelpful behaviors, such as over-eating, we may consider a very obese person as a role model. That is an example of a useful negative role model.[i] We use positive role models to help us engage in beneficial activities and negative role models to sustain our motivation to refrain from negative activities. So, no matter what role models you had, they all are useful either as something you want to imitate or avoid. Another challenge when thinking about our role models is to remember that role models are very rarely ALL bad or ALL good. We want to be selective and wise and put things in the right buckets. It’s really about taking the good and leaving the bad, or as Caleb says, eating the meat and spitting out the bones! There is an interesting cultural difference too when it comes to role models. European descendants are far more inspired and motivated by positive role models who highlight a strategy of pursuing success. More collectivistic cultures, however, such as Asian-American, are more motivated by negative role models with a strategy to avoid failure. Your cultural background is going to influence how much value or importance you place on each type of role model.[ii] Let’s take a moment to look at the root causes. How do our early role models affect our ability to relate today? Caleb values attachment theory when looking at early childhood role models. “The basic tenet of attachment theory is that the accessibility and responsiveness of a trusted other leads to greater social and emotional adjustment at any age.”[iii] This is saying that our ability to relate to others is formed by our childhood caregivers. The kind of atmosphere our caregivers gave us for establishing relationships affects even how we relate to people today. If our caregivers did not provide a safe, secure environment, we may struggle in our relationships, as we grow older. The good news is that attachment can improve in the context of a secure relationship. Be that trusted other for your spouse! The first part in doing this is to create safety within your marriage. Make it a shared value to respect one another. Avoid name-calling, barbed comments, teasing sprinkled with sarcastic truth, and any forms of criticism or contempt. Agree to create a culture within your marriage where safety is a fundamental, inviolable principle. So, even if you didn’t have good role models, make a covenant with your spouse that you are committed to making the marriage safe. This doesn’t mean the absence of conflict, it just means you’re committed to growing the sense of security and repairing breaches when they are made. Abuse, of any kind, is so damaging to a marriage because the fundamental principles of an intimate emotional bond such as marriage are based on safety and security. With abuse, these are completely abandoned and violated. The second part in improving attachment in your marriage is listening to understand. There are so many ways that we miss each other in our communications because we react from our own perceptions of reality without truly being willing to open ourselves to see reality as our spouse sees it. We need to stop, listen, and understand. Isn’t this at the core of what we truly want? We want to feel understood. We want to know that someone understands us, to know that we’re not alone in this world and to receive empathy. Your role models for marriage may have been really, really poor at listening. BUT, this is a skill you can learn and develop and bring to your marriage very quickly. Even if you didn’t have good role models, it is still something you can bring to the table as a new skill. Just because you didn’t have good role models doesn’t mean you’re somehow crippled! At this point, if you’re feeling like you haven’t had good role models, I hope you’re beginning to understand that this isn’t fatal to your relationship! You do NOT have to follow the pathway that your role models did. You do NOT have to experience the same outcomes that they did. You can choose to live differently, to create your own, new, healthier ways of relating to others! You also have the option of finding new role models to help you form these new habits. Here are some tips to help you do that: Marriage mentoring: This is typically available through your local church either through formal systemized programs or informally. If you got o a small church, find an older there that you respect and whose kids are turning out OK (or have turned out well) and ask them if you could meet with them as a couple for marriage mentoring. If they don’t have any idea how to do that, suggest Tim Keller’s book The Meaning of Marriage and just meet once a month to discuss a chapter. The cost of two books is $30 and boom, you’re all set. Coaching or Counselling: Get coaching or counselling and ask the counsellor to help coach you through communicating about difficult subjects. This is a great way for couples to learn new ways of relating to each other over issues that they often disagree about. Post-wedding Coaching Even if you don’t feel like there are specific hot button issues you need to deal with, you can do the equivalent of pre-marital coaching after you get married. (Post marital counseling? Doesn’t sound quite right!) This is a systemized approach to allow you to identify growth areas in your marriage with a counselor. You go through them in a structured way that helps you to discuss these issues profitably helping you gain deeper insight and understanding. The counsellor helps you model your own healthy ways of interacting around these growth areas. Books Don’t forget that reading books is a great option. Anything by Dr. John Gottman is going to be helpful – especially books like The Relationship Cure or The Seven Principles for Making Marriage Work. Also, Hold Me Tight by Sue Johnson, and Tim Keller’s The Meaning of Marriage that we mentioned earlier. Spoken Word Of course, you can also learn by digesting good marriage content like what you get in our podcast. If a marriage speaker comes to a church near you, make sure you attend. Don’t miss out on the opportunity to attend marriage conferences or retreats if they are available in your area. These are all ways to fill in the gaps left behind by poor role models. Yes, it can be a real challenge not to have had good role models, but the good news is you don’t have to let this define you. You are not doomed to walk in the footsteps of the role models you did have. You can live differently. You can make your own choices. Think of the kings whose lives are recorded in the Old Testament of the Bible. You would have 3 or 4 generations that would make really bad choices, one after the other. Then all of a sudden you would have someone like Josiah who became a king at the age of 8. “Josiah was eight years old when he began to reign, and he reigned in Jerusalem one and thirty years. And he did that which was right in the sight of the LORD, and walked in the ways of David his father, and declined neither to the right hand nor to the left.” 2 Chronicles 34 Unlike his forefathers, Josiah led a balanced life: ‘declined neither to the right hand or to the left’. He completely obliterated the idolatry of his forefathers and repaired the house of the Lord (v.8). At the end of v 33, we see the impact of a man who eradicated the problems of a former generation and grounded his personal life and mission on the things of God: “And all his days they departed not from following the Lord, the God of their fathers.” Josiah completely reversed the impact of generations of poor role models, and he did it on a national scale. Think of the potential of just doing this for your own marriage and for your own children! This also highlights the need to attend to our own needs: Self Care. We are reminded in 1 Tim 4:16 to “take heed unto thyself…for in doing this thou shalt both save thyself and them that hear thee”. So, be encouraged to face the realities of the role models you have had, even if they were not what they should have been. You can be the person, with help from God, who breaks a generational pattern of neglect, of poor or broken marriages, of children loved inadequately and brings something new and more powerful, and healthy to your marriage and to your children, and to your children’s children. [i] Penelope Lockwood et al., “To Do or Not to Do: Using Positive and Negative Role Models to Harness Motivation,” Social Cognition 22, no. 4 (August 2004): 422–50. [ii] Penelope Lockwood, Tara C. Marshall, and Pamela Sadler, “Promoting Success or Preventing Failure: Cultural Differences in Motivation by Positive and Negative Role Models,” Personality and Social Psychology Bulletin 31, no. 3 (March 2005): 379–92. ...


    How to Reduce Debt: Part 5 Jul 01, 2015
    Show notes

    Because debt reduction is fundamentally a mental issue, not a financial one, this may be a different take on debt reduction that what you might be used to hearing. We’ll give some practical strategies and tactics, but first let’s figure out HOW we think about debt. Finances are a major stressor for most marriages, so here is a checkpoint for you personally. You might already know this, but if you’re not 100% sure, sit down with your spouse and ask them what meanings they assign to debt. Ask the questions: How does debt impact you or affect you? What do you feel when you think about the debt we have right now? I know that Caleb and I experience debt differently, but empathy comes from understanding. Caleb is more comfortable with debt, as long as he has a sense that his income will cover the payments to repay it, but because he knows that I am less comfortable with it (as in, totally-anxious, make-me-sick uncomfortable), he is very considerate and will not go into debt without me being totally on board with it first. How we think about debt is critical, so today, we start with the psychology that you need to wrap your mind around before you think about what you can wrap your income around. To give you a frame for background, let’s look at some research. In 2011, 63 couples with great marriages were asked about their finances.[i] A few themes became clear showing that part of the success of great marriages is due to a careful, effective reduction of debt. Happy couples were more likely to pay off debt as quickly as possible. They were less likely to use credit cards at all, or just used them as a convenience and paid them off monthly. The couple shared the common goal of debt reduction. Common goals are critical because if you can’t agree on this, it’s not going to be possible to move forward to debt reduction. If this is your situation, you’re either going to have to accept the reality that your spouse isn’t going to change or find another way to have a conversation about debt that your spouse can relate to. When you do that, you’re giving them a choice whether they want to act out of a place of empathy or choose to disregard your concerns. All you can do it put it out there to start with. Another theme that showed up in this study was that some couples started with a debt-free philosophy and others came to it over time. This is helpful as you have to see yourself as creating a great marriage and get comfortable with the fact that you are in development together. Give it time – give your mutual commitment to debt reduction time to develop and shape itself in your marriage as part of your common goal settings. The question arises though: if debt reduction is a critical part of a successful marriage, why is it so hard to actually get on the same page about it? There are actually predictors of debt found through some extensive research studies. For example, one study found that health status and levels of changes in income are very robust predictors of debt in general. In other words, if your health is poor and/or your income never changes over an extended period of time, you’re most likely to be in debt. The same study found that for intermittent and chronic debt, locus of control, family structure during adolescence, socioeconomic status, work effort, and marital status are robust predictors. Self-esteem also plays specifically into chronic debt. Anything considered to be a disadvantage in life generally is indeed a disadvantage with regards to debt reduction. Sounds discouraging… Let’s look at Locus of Control a little closer. Locus of Control (LOC) is a concept from personality psychology that puts your personal belief about whether you have control over life or not on a continuum from external to internal. If it’s external you believe that fate, or God, or chance really initiates all the things that happen in your life. If it’s internal you believe that you have control over all of the things that happen within your own power. Now, considering the list we just mentioned there is a lot there to speak to the external locus of control. Meaning our struggles with debt could be portrayed as outside factors, many of which we feel are outside of our control, which leads to a sense of feeling stuck and unable to change. Watson points out that: if your LOC orientation is primarily external, you are more likely to use external controls, such as financial resources and purchasing activities to achieve a sense of control, if your LOC is primarily internal, you are less likely to misuse credit cards and much less likely to be compulsive in your buying behaviours.[ii] Perhaps, if you have an external LOC you believe that debt is inevitable, that you need to buy what you need to buy because life just happens, or you even buy to feel a sense of control when so many other parts of your life feel out of control. If you are in this category, you really want to pause and think about how your LOC beliefs are influencing your purchasing behaviours. It is not so much about what you actually need or want and more about how you feel about how life treats you. You’re trying to rationalize what is actually psychological and belief-oriented rather than practical and objective. When you think of all the factors that go into debt reduction, it is crucial to stop and really think about if you have behaviours that are more driven by underlying psychology you’ve ever really considered. Engage in personal growth as a long-term strategy for debt reduction. We know that HOW WE THINK about debt affects our financial status, but what can we do about it? Let’s get practical about how to reduce debt. HIGH-INTEREST RATE FIRST There are a couple of different ways of looking at this. The US Securities and Exchange Commission website says, “No investment strategy pays off as well as, or with less risk than, eliminating high-interest debt. Most credit cards charge high-interest rates – as much as 18% or more – if you don’t pay off your balance in full each month. If you owe money on your credit cards, the wisest thing you can do is pay off the balance in full as quickly as possible. Virtually no investment will give you returns to match at 18% interest rate on your credit card. That’s why you’re better of eliminating all credit card debt before investing. Once you’ve paid off your credit cards, you can budget your money and begin to save and invest.” The website also tells you to stop using your credit cards, figure out how much you owe, and then pay off the card with the highest rate. This works for some people, but others need to see a change to be motivated by it. SNOWBALL METHOD Dave Ramsey uses a different approach called the snowball method, which goes in a different direction than the US Commission’s method. Dave Ramsey’s premise is similar to ours - that this is mostly about behaviour and psychology and less about math. He acknowledges that paying off high-interest loans first makes the most sense mathematically but in terms of the psychology of success, he has created what he calls the snowball method. The snowball method is where you aim to pay off the smallest debt first to create momentum. Everything else is kept on minimum payments. When you get that smallest debt paid off, you take the payments from that and add them to the minimum for the next largest debt. As you knock off these smaller debts you’re also increasing the payment size as you move to larger debts. It took me a few minutes to wrap my head around this and it’s hard to talk through but let me try to paint a picture: Say you have $1,000 debt on a furniture purchase that is $100/month payments. Imagine there’s no interest so that the math is simple. And you have $10,000 on a car loan that’s $500 a month Also, let’s say $30k on credit cards and you’ve been paying $1000 a month on that The snowball method says to make the minimum payments on everything. So, let’s say you can drop the CC to $750 a month. What you do then is you take the $250 you’re not paying onto the credit card and add that to the $100 a month for the $1000 furniture debt. Now, it is $350/month against that in total. The furniture debt is cleaned up in about three months. Then you take that $350 plus the $500 you have for the car loan and pay the car loan down at $850 a month. It would take about 9-10 months to clean that up because you’ve already been paying the minimum payments while repaying the furniture debt. Once you’re done paying off the car loan, you take the $850/mo from that, add the $750/mo you were doing onto the CC and pay $1600/mo against the credit card debt. Previously, you had been paying $1000/mo on the CC. At this point, you are paying $600 more but you have already eliminated 11k in debt and in about 3 years you’d have all of your debt eliminated. That’s how you snowball. You’re achieving wins along the way and you’re creating this larger snowball for attacking the larger debts. The key here is that once you have the furniture paid off you don’t put that $100/month into your family budget for spending money. You keep leveraging the payments power by snowballing them. You want to achieve cumulative payments. You want to start with the smallest debts so you are giving your self rewards by feeling the success of getting stuff paid off. If you’re facing debt, remember the first step is to get on board with each other. If you don’t want to do what your spouse wants, or your spouse isn’t on the same page, be gentle with each other. Find out what is really going on for you and why you’re stuck. Then work on moving towards a place where you can honor the dream of being debt-free. Even if it’s not super important for you – you can give that as a gift to your spouse. If you get stuck, we can help! This is Part 5 of 5. Make sure you view the rest of the series: ...


    Budgeting for the Big Stuff (Part 4 of 5) Jun 24, 2015
    Show notes

    Ever get nailed by a surprise bill? Yeah, you knew insurance was due for the year but you thought it wasn’t till next month? This episode is about pain relief! More specifically, relief from the impact of those bigger, occasional, or annual bills. Not only do we need to keep track of our everyday expenses and budget for them, we also need to set up the part of our budget that deals with mid and long term planning. Emergencies also arise, so being prepared for those is very important too. We often fall into the if-then trap of “If I won the lottery, then everything would be fine financially”. Ironically, most lottery winners totally train wreck their lives. The words of the Bible are so true, “Wealth gained hastily will dwindle, but whoever gathers little by little will increase it.” (Proverbs 13:11). Because this is so true, we need to step away from this if-then principle and start working on consistent strategies of gathering little by little. Another reason to start this is most of us are not going to win the lottery, have huge inheritances from our parents, or a windfall from the stock market! There is something called the family stress theory which predicts that improved communication about finances should decrease hostility and increases warmth and supportive behaviours. You need to talk through all this budgeting stuff with your spouse because not only is financial stewardship the right thing to do, but it is also a significant factor in improving the quality of your marriage relationship. The researchers cited that financial factors predict 15% of marital satisfaction. That’s a lot of satisfaction based on ONE factor! This means that the greater your financial problems, the lower the quality of your relationship. Financial issues create emotional distress and part of reducing that stress is not only budgeting month to month but also making sure you have a plan for the larger bills and for creating long term savings for yourselves.[i] Long-Term or Retirement Savings One great strategy to creating wealth for the future is to find a financial advisor. The intentionality and the relationship you build with your advisor forms a kind of accountability and helps you get real and determined about your savings. People who use a financial advisor: End up establishing long term goals and work towards filling them Actually, sit down and calculate their financial needs for retirement Create savings accounts dedicated to retirement Increase the amount of money they save regularly Report greater retirement confidence Accumulate significantly higher levels of emergency funds. If you want these things to be true of you, then you might seriously consider getting a financial advisor who is trained and qualified in helping you create your own retirement savings plan.[ii] Since we got ours, it has created useful discussion and helped us to be very clear, consistent and confident about our own savings. Another way to make wealth grow is by living within your means and saving. Here are four key concepts to think about: Keep finances simple and live within your means. Get loans paid off: credit lines or equity loans, automobile loans and credit card debt. All these things enable you to live beyond your means. Save and invest 10% of your earned income annually. This is especially critical if you are employed as a wage-earning family. Whatever proceeds come from your investments, that income should be reinvested, ideally, all of it. Interest income should be put back into the investments as a long-term strategy to multiply your wealth. Exchange wealth-depreciating assets for wealth-creating assets. [For example, if you were to exchange the asset value of your 50k main vehicle, your 30k second vehicle and your 40k camper trailer and choose 2 vehicles (used) worth 10k and 6k, and scrap the camper. Then you could invest just over 100k in a down payment on a rental house, which would build wealth rather than reduce it.] A family in the USA with moderate income who is willing to make these changes would free up approximately an additional $14 000 per year for wealth creation.[iii] I can almost hear some of you saying now that you’d rather have the freedom that comes with credit card debt than the constraints of a budget. You are not alone! Caleb can sympathize, as he feels bound by a budget. However, we need to understand the psychological strategies we can use to help ourselves do what we need to rather than what we feel like doing. Here are three stages of accumulating savings with the psychological strategies and behaviours to make them happen.[iv] Take some money you planned to consume and save it instead. Or, exchange your time for more income. Psychological: When you’re thinking about reallocation, the psychological strategy that goes along with it is goal setting. Set a goal. Focus on it mentally. Get encouragement from family or friends. Even choose specific sources of income like a bonus or tax refund, to help you achieve that goal. Behaviour: Work on being efficient. Buy smarter. Buy cheaper with coupons or off-brand alternatives. Budgeting really helps here because you can move money that would have gone to expenses over to savings. Make your money hard to spend – convert it from something that’s easy to access to something that is harder to get to. Psychological: Think about your savings as a bill – an expense that you have to pay. Create a mental shift and trick yourself into believing it is obligatory. Behaviour: Make a deposit into your savings account immediately after getting your paycheque before you make other purchases. Ideally, set it up as an auto transfer to happen immediately after your income is deposited. Make it a passive transaction so it just happens automatically and you don’t even think about it. Once you start accumulating wealth or savings, make sure you keep it. It is easy to see $50K sitting there and decide to buy a boat or some other toy. Psychological: Create simple rules. Decide what your savings are for and make your money off-limits for anything but that purpose. Make a list of what you can pay for from that money - no exceptions. Behaviour: Put your savings in a place where the money is difficult to access – even into an account where it is locked in or has a fee to extract it, if necessary. You do NOT want your retirement savings sitting on the other end of a debit card. You may have decided by this point that retirement savings are not important as you’re going to die with your boots on and never retire. That’s fine and dandy, but what if your spouse continues to live for 20 years after you go? Remember this has to make sense for both of you. Talk about it! Short-Term or Annual Savings Having a budget for annual expenses is a great stress reducer. It is never pleasant to get that $1200 bill for car insurance if you’re not ready for it. Paying the bill on a monthly schedule is not necessarily the smart way to go if you have interest or service fees. So, the solution is to save month by month for these expenses. Just to give you a personal example here: We have a number of yearly expenses that are larger than would fit comfortably into our monthly budget. These are things like house insurance, car insurance, property tax, income tax, propane (how we heat our house), and vehicle tires (not necessarily yearly but regularly). What we have done is taken each of these amounts, added them up for a grand total, and then divided that number by 12. We then set aside that amount monthly into an account called “Annual savings”. When these bills arrive, it is so easy and STRESS-LESS to be able to just pay them out of that savings account. There is no stress or drama. To sum up, we have many different types of expenses in our lives, some are short term and others are long term. All of them need to be paid, and having a savings plan to make sure the money is there when needed is so important. Make sure you have that conversation as a couple to make sure you’re on the same page as to your goals and visions. Then start in a practical way to work towards that financial freedom you both dream of. Not having to worry about money can reduce a lot of stress and friction in your marriage! Need some help? Give us a shout! This is Part 4 of 5. Make sure you view the rest of the series: Part 1: Why You Need To Budget Part 2: How to Negotiate a Budget With Your Spouse Part 3: How to Create Your Family Budget Part 5: How to Reduce Debt [i] Kevin J. Zimmerman and Carl W. Roberts, “The Influence of a Financial Management Course on Couples’ Relationship Quality,” Journal of Financial Counseling and Planning 23, no. 2 (2012): 46–54,81. [ii] Mitchell Marsden, Cathleen D. Zick, and Robert N. Mayer, “The Value of Seeking Financial Advice,” Journal of Family and Economic Issues 32, no. 4 (December 2011): 625–43, doi:https://dx.doi.org/10.1007/s10834-011-9258-z. [iii] Ivan F. Beutler, “What Makes Wealth Grow? A Wealth Sensitive Financial Statement Analysis,” Journal of Financial Counseling and Planning 25, no. 1 (2014): 90–104. [iv] Sondra G. Beverly, Amanda Moore McBride, and Mark Schreiner, “A Framework of Asset-Accumulation Stages and Strategies,” Journal of Family and Economic Issues 24, no. 2 (Summer 2003): 143.


    How To Create Your Family Budget (Part 3 of 4) Jun 17, 2015
    Show notes

    Today we’re getting into the nitty-gritty of HOW to create a family budget. We’ve done budgets and had to revisit them. We haven’t always been consistent with keeping a budget with moves and job transitions. But when we are budgeting, the stress in our marriage is much lower! First, let’s clarify what we know from what we don’t know. We know: That there are many sound, recommended financial practices That these practices come from reliable sources That following these financial practices actually works and produces greater net worth and increased life satisfaction That only a minority of people uses them. Which leads us to what we don’t know: We don’t know why we frequently do not use them We don’t know why, when we do use these tools, we don’t always use them properly. This scenario is typical for most families.[i] So let's talk about discussing your budget and the role that personal qualities play in the likelihood of your success in establishing a budget before turning to the steps by which you'll create your own budget. Discussing Your Family Budget It’s difficult to have a productive discussion about the budget itself because most couples do not discuss the meanings they give to budgeting. So have a discussion with your spouse to get this stuff out on the table. Don’t fight about what to spend or attempt to talk to each other into budgeting, just aim for understanding. Your spouse is not on board? This is not the time for hot debate. Rather, seek to understand WHY your spouse does not want to actually follow through with the budget. What is the meaning behind the resistance? It's been my experience (Caleb) in working with couples that there is often a valid reason why resistance is present. You need to do this because it’s no fun banging out an awesome budget only to have your spouse say, “Good for you! Let me know how that goes!” That sucks… So make sure you’re on the same page by having a good discussion first. Often if you can get to a discussion at the meanings level, you'll be able to connect and get on the same page. Listening to understand is a vital skill for this type of conversation. Remember, you’re not alone. If you can’t settle on this together, reach out for help and we’ll set up some counseling. Understand Personal Qualities So after you’ve discussed and understood the meanings you each ascribe to budgets, the next step is to grasp the impact your personal qualities have on budgeting. For example, discipline (as a quality) and knowledge (of financial matters) are qualities that impact one’s ability to establish and follow a budget. Possessing these qualities will help you make progress against your financial goals.[ii] If you don’t feel you have these qualities: don’t fret. It's gonna be ok. What this means is that budgeting is possible for everyone who wants to do it because personal qualities can be developed and action is a result of choice. Anyone can make choices. So be encouraged! Have a good conversation to find out where each of you are at, then make decisions together and take action. Again, it’s not unrealistic to think that you might need to reach out for help. Creating Your Family Budget Caleb blended content from both the Australian government (ASIC)[iii] and Dave Ramsey to provide a robust description of how to create your budget in this episode.[iv] Both resources are really valuable, and we’re taking the best of both of them and blending them because they really get along well. We know it can be overwhelming to create a budget, so let’s break it down. There are four steps here: Track your current spending Compare money in and money out Prioritize where you want your money to go Take steps to make your money work for you. 1. Track Your Current Spending The easiest way to start budgeting is simply to start tracking where your money currently goes. Do not try to change your spending, just keep track of it so you know what you’re dealing with and can assess the situation. Do this for a period of time; at least one week or a pay period, but the best is if you run it for a month. All this tracking is going to enable you to make better choices in Step 3. 2. Compare Money In and Money Out Get clear on your income. Your income is typically comprised of your payslips, your bank statements (including any interest being earned) and investment statements. If your income is variable, either average it out (based on last year’s earnings) or create a 5-6 month strategy to set aside enough so that you can live off the previous month’s income. Figure out how much money is going out of the work you did in the previous step. At this point, also use your best guess if you think there are other things you should consider that didn’t happen last month (e.g., budgeting for vehicle maintenance). Next, compare your income and expenses so that you know how to prioritize your budgeting: If you are spending less than you earn then budgeting is about balancing spending versus saving If you are spending more than you earn then budgeting is about reducing your expenses so you don’t keep creating debt. So compare money in to money out and choose the correct course of action 3. Prioritize Where You Want Your Money To Go There are usually three categories of money for every family: Income Needs expense (e.g., groceries, rent or mortgage, utilities) Wants expense (e.g., saving, dining out, entertainment) The first step is to highlight on your list of expenses from #1 your needs. Add these to your budget first. Second is to identify your wants: things you could do without if you had to. For this, ask the question (especially if you are overspending): what can I cut out or cut back? Think of this in terms of a switch or save: Switch: Are there memberships or subscriptions you can cancel or get for a lower cost (e.g., gyms, clubs, magazines, online gaming) Are there less expensive mobile phone plans? Can you shop around for a better deal on car insurance? Are you paying for more health coverage than you need? Save: What can you get for free elsewhere? (e.g., can you use the Internet at the library for a while?) How can you spend less on groceries Can you reduce your spending on eating out by packing lunches or planning meals better? Can you turn lights and appliances off to cut back on electricity? Go through and identify the savings and cuts you can make. As you go through this, discuss them with your spouse so you both agree and ask yourselves, are these reductions realistic? Now add these in along with the needs part of your budget. It may be helpful to categorize items into groups (Utilities, Entertainment & Travel, etc.). Identify what you will spend on each item on a monthly basis Add up all of these needs and wants and revise the list until your outflow is less than your net income. Keep revising until you achieve this. 4. Take Steps To Make Your Money Work For You Time for action! Set up important bills so they are paid by direct deposit (things like rent or mortgage, personal loans or car payments, debt and so on). Smooth out your big bills. We’ll talk more about this in our next post but if your car insurance is $1,200 per year, set aside $100 a month to pay for that. Now you have your budget and your money flowing nicely. You’ll want to check your budget monthly and see how you did. Once you get in the rhythm of it, it’s still a good idea to review this together quarterly. One of the guiding principles here is to make sure that every dollar has a place to go. If you don’t plan to spend it, you should plan to save it. If adhering to the budget is a problem it may be helpful to use an envelope system. Put the budget for the pay period or month in one envelope per category. When you run out of grocery money, it’s time to start eating leftovers or digging deep in the freezer! This tactic really forces you to start thinking about the consequences of your spending. Personal Qualities for Family Budgeting By using these tactics and strategies you’ll really begin to create the discipline and action that will serve so well in many areas of life. These core qualities can be learned by anyone and will help you create the life you want. Make your dollars work for you! Again, if you need any help with this, feel free to reach out. Investing in some coaching to help you get on the right track financially will pay dividends for years to come. This is Part 3 of 5. Make sure you view the rest of the series: Part 1: Why You Need To Budget Part 2: How to Negotiate a Budget With Your Spouse Part 4: Budgeting for Annual Bills, Emergencies & Savings Part 5: How to Reduce Debt References [i] Glenn Muske and Mary Winter, “An In-Depth Look at Family Cash-Flow Management Practices,” Journal of Family and Economic Issues 22, no. 4 (Winter 2001): 353–72. [ii] Barbara O’Neill et al., “Successful Financial Goal Attainment: Perceived Resources And Obstacles,” Journal of Financial Counseling and Planning 11, no. 1 (2000): 1–12. [iii] Australian Government Australian Securities & Investments Commission, “Budgeting,” February 18, 2015, https://www.moneysmart.gov.au/managing-your-money/budgeting. [iv] “Free Download: Dave’s Guide to Budgeting,” accessed June 16, 2015, https://www.daveramsey.com/blog/free-download-budgeting-guide/.


    How To Negotiate A Budget (Part 2 of 4) Jun 10, 2015
    Show notes

    Negotiating a family budget can be a real fire-starter for some couples. We may know we need a budget and want to live within our means, but the fights that the discussions cause can be so painful, that it’s easier to avoid them. We want to change that today. For Caleb and I, a lot of our own frustration about money in the past has been because we never got ourselves on the same page. He would get a raise and think he had more spending power – I thought we’d have more to save. Then we’d both be frustrated! We’ve psycho-analyzed ourselves and have figured this out somewhat: Caleb had little to no visibility into our budget. It wasn’t because I was hiding it, but we had never made a point of really talking it through and figuring it out. We have different saving philosophies. Caleb believes he’ll create wealth through his career and end up ahead. I believe wealth is created by saving money regularly. On the budget we let the discussion be more about what you wanted vs. what I wanted instead of starting with the reality of what we could and couldn’t afford. Good financial management is not about winning certain arguments - it’s about making sure your outflows are less than your inflows. In our case, instead of going to the numbers, we’d just go to frustration between us. Our personalities: I feel best/most satisfied around finances when we’re saving. Caleb feels best when he is spending. He claims he’s a therapist and part of his self-care is retail therapy! It has taken us a while to be together on our money. It was never a critical issue but it’s been stressful more than most other issues so I think we’re typical. Given that we understand how stressful negotiating finances can be, we want to give you some skills to negotiate this with your spouse. The Psychology and Psychiatry Journal published some research by Capital One, a major North American credit card provider (which may be more than slightly biased!). Some quick facts from their research: 93% of those surveyed believe their spouse is open to discussing money issues 25% disagree with their spouse about money at least once a month Younger people are more prone o conflicts with their spouse about money 76% believe they share the same philosophy as their spouse when it comes to managing money, such as saving vs. spending. The younger the couple, the more this figure drops 65% of couples report having the recommended 3 to 6 months emergency savings fund. (We don’t believe this…) Most spouses spend independently of each other and only consult if it’s over a certain dollar amount.[i] There are no real horror-stats around family budgeting except for the following from the Federal Reserve, a US government institution. As of February 2015 there were: $4.5 billion in outstanding car loans $12 billion in consumer credit card debt Just under $10 billion in 24-month consumer debt loans.[ii] Given these statistics, we can see that there must be more financial stress in marriages than Capital One is reporting. Remember there are also gender differences when it comes to managing money. In 2002, 62% of households reported that savings and investment decisions were made jointly. Men were the primary decision-makers for 26% of households and in 12% of households the female was the primary decision-maker.[iii] Bernasek & Bajtelsmit also found that women’s involvement in household financial decisions increased with their share of household income and their formal financial education implying that women are more likely to have an influence on financial decisions when they contribute a larger income share to the household. These results support a bargaining approach to influencing the household. Power, in terms of involvement in making important financial decisions, is greater the more command an individual has over financial and educational resources. (ie. If I make more than you, and I am more skilled financially than you, I have more power over the decision.) This begs the question: If it’s common practice that whoever earns the most gets the most say in finances, is this a good way to go about it? At this point, I’m sure there are a lot of guys saying, “Duh, yeah! I earn it, I get to spend it!” Let’s stop for a moment, and flip that scenario on its head. Say, you’re the husband. Something happens and you get disability so you can’t work, but everything else is normal. You’re now a stay-at-home Dad, and your wife becomes the income-earner for the family. The things you want to spend your money on are not going to change, but now, by virtue of the terms you’ve established already, you have the minority vote on where the money goes. Does that make you squirm? The whole idea of whoever makes the most gets the most power is predicated on there’s a me and you in the context of marriage which needs to be predicated on a sense of ‘us’. You got married because you wanted to be together. You didn’t get married because you wanted someone to dominate. But when it comes to money, that is exactly what you are doing. You’re violating your own value system. Hence, there is friction. Maybe your wife goes along with it now, but I ask you: does this approach make her feel safer or more secure? I think not! To balance this a bit, in most couples, one spouse is the money manager. As in, that spouse pays the bills, keeps track of spending, creates and uses a budget. This can happen for a few reasons, such as one spouse having more experience or expertise, or even just more time available. It is OK for one spouse to be the money manager. In fact, this probably makes the most sense. What works for us is Caleb shares power and control by giving me the money manager position even though he is the earner. We get concerned when we hear about the husband earning and controlling the money to the point where the wife is being treated like a child. For most couples though, there are not significant power and control issues, but there are other struggles. The next most important factors as you consider how to negotiate finances are trust and communication. Trust must be earned, between both spouses. Whether you do your accounts together or separate, having access to both and trusting in both directions is vital. Communication is also essential. The spouse handling the finances must keep the other spouse informed and major purchases must be discussed.[iv] At the end of the day, when it actually comes time to negotiate, discuss or just chat about financial matters in your marriage, the standard communication skills apply. One very effective skill to use when discussing finances, and any other pain point in your marriage, is the soft start-up. A harsh startup may be, when you’re reviewing the credit card bill and are like, “You blew the budget again! You are SO un-be-leev-able!”. When you begin with criticism or sarcasm you go from neutral to negative right away and are into a disagreement. You do not want to do that. Start softly so that you can work together on resolving the problem. You won’t accomplish anything by attacking. The other side of the coin is this: researchers found that those who were more satisfied financially engaged in a less harsh start-up. Which came first? Financial satisfaction, or good communication? We know that to solve any problem, the stronger your communication skills the better, so let’s look a little more closely at financial satisfaction. These researchers found that there is a link – the more satisfied you are financially, the higher shared goals and values you have. Shared goals and values means that you have negotiated your way towards aligning goals and values around spending, saving and budgeting. The more shared goals and values you have, the less likely you are to start any discussions harshly. And when you’re not starting your discussions harshly, you’ll have increased relationship satisfaction. It’s like a positive, upward spiral! When couples create shared meaning about money and autonomy, it makes sense then that they would be more satisfied with their financial situation.[v] So, it’s not just a matter of great communication skills. You, as a couple, actually want to work towards aligning the meaning you give to all things financial and the goals you have related to finances. For us, there was a turning point for Caleb when he realized that it put a big safety blanket around me if we had a clear retirement savings plan, so we began setting aside money for this monthly, and investing it wisely. Here’s a big shout-out to our investment advisor, Edwin Palsma, from Raymond James. He’s licensed for BC and Saskatchewan, so if you live in either of these places, reach out, and we’ll give you his contact info. He is awesome! Back to business here… When Caleb chose to align with this value (retirement savings) that I had, it helped our marriage because it made it a safer place for me. That was us sharing specific goals and values. We’ve given you a lot of concepts, but here are some practical steps you can take. First, turn towards each other. Maybe you’ve fought long and hard over certain things. Tell your spouse that you’re laying down your own weapons, ask him or her to lay theirs down too, and really get serious about the communication skill we mentioned today and in past episodes – the soft start. Second, learn to come up with solutions together. Be supportive and look for areas you can reduce the strain on your spouse. Focus on both problems and emotions - couples that work on both parts do best with financial problems. For example, Caleb was surprised that while he has the stress of earning the income, I have the stress of the budget. He never expected that at all and figured if he didn’t make enough, that was his problem. We do much better when we acknowledge each other’s concerns and devise solutions togethe


    Why You Need To Budget (Part 1 of 4) Jun 03, 2015
    Show notes

    Budgeting can feel like such a ball and chain. Why is it such a pain point for so many of us? This is the first article in a mini-series on Family Budgeting. Today we make a case for WHY you need to budget. Usually, every relationship has a spender and a saver. Caleb is our spender, and I am our saver/budgeter! It has taken us a while to negotiate that. For example, we both want a retirement fund. However, Caleb wants to create that wealth by generating revenue, and I want to create that wealth by saving. There’s a big difference there! One that has caused a bit of friction in our relationship… Caleb and I also get stressed about different things. He stresses most about making an income and always wants more than he has. I get stressed about balancing our budget. Believe me, we’re still figuring this out as we go. We’ve learned a lot along our fifteen years of marriage that is really helpful for us, and we want to see also what the research has to say so that you can really be together on this part of your marriage as well. In 2000, Kerkmann conducted a study of young married couples that were students with modest financial resources. He found that “financial management behaviors (defined as budgeting expenses against income) and the perception of how well finances were managed were both significantly related to satisfaction with their marriages. Financial problems (mismatch between financial resources and demands), as well as the perceived magnitude of financial problems, showed a statistically significant correlation with how satisfied the chief financial manager was with his/her marriage.” As a result of regression analysis, Kerkmann found that 13-15% of marital satisfaction was explained by the perceived quality of financial management and financial problems.[i] It is interesting to note that perception is more important than reality. You have to believe you’re doing a good job. It is not you compared to others, it is just you that needs to be satisfied with how your finances are handled. I questioned the fact that it was ok to have debt as long as both spouses were ok with it, so Caleb explained that all the research was saying was if the perception of the couple is that they were managing their debt well, they would be more satisfied. BUT, we need to look at more research to get the big picture. Here is some background information about the debt that Dew assembled in 2008: the average American household has consumer debt equal to 20% of their yearly income recently married couples typically have high levels of debt and take on debt as they establish their new household (go out and buy a bunch of stuff using debt) debt generally predicts increases in marital conflict and that newlyweds rated debt as their second-highest marital concern. Dew wanted to find out how a change in debt predicted a change in marital satisfaction for newlyweds. He found that as couples assumed debt, they were more likely to: spend less time together argue more about their finances, and feel that their marriage was unfair. He points out that all of these findings suggest that consumer debt (debt incurred on the purchase of consumable goods/goods that do not appreciate[ii]) may inhibit recently married couple’s attempts to form a new family unit.[iii] Right at the point, you’re trying to create this new happy, blissful experience, you go buy a bunch of things you think you need in order to support that happiness but you actually end up sabotaging the whole thing. So, even if you’re both good with the debt you’re incurring, and believe it’s OK, there are other factors undermining the happiness you’re aiming for. Later on, Dew looked at the relationship between debt and divorce. There’s a bit of a conundrum here as materialism is negatively associated with marital satisfaction. However, the more assets a couple has the less likely they are to divorce. To sum it up: more materialism = less satisfaction with your marriage; more assets = more likely to stay married. Dew took all of the debt represented in his survey and used a log-based 10 algorithm[iv] to rank it. He found that for every unit increase (for example going from 7.5 on the debt scale to 7.6) there was a 7 – 8% increase in the likelihood of divorce. There was a clear conclusion that the more debt participants had, the higher their hazard of divorce. In contrast, the more assets a couple had, the less the likelihood of divorce. There was an interesting side note here: income had no association with divorce in his study. Making more or less money was not significant. What IS significant is what families do with their income. The families that created more consumer debt had more financial disagreements and a much higher likelihood of divorce. So, going back to our title, Why You Need To Budget. The choices you make about how you spend money have a real impact on your marital satisfaction. The marketing world tells us that if we buy things we’ll be happier, but the reality is the buying of things does not create happiness. In fact, when it creates debt, it begins to have this escalating and profound detrimental impact on happiness. This really resonates with the cautionary Proverb that says the “borrow is the slave of the lender” (Proverbs 22:7). We really need to be careful about what we give power to in our lives. Taking on consumer debt is giving power to someone else. The Bible is very cautious about borrowing or loaning money, and it clearly speaks against defaulting on loans. We need to consider our spiritual values as we draft up our family budgets. We all love things. What we need to caution against is going into debt for the things that we would enjoy. You know: cars, campers, clothes, ATV’s, iPhones, gizmos, gadgets, toys for big boys, etc. I think we would all be very quick to admit that our love for our spouse is more important than our love of things. However, very few of us live congruently with this belief. When you create a budget and stick to it, you’re setting a boundary around the marketing world, your own desire to keep up with the Joneses, and your innate desire for more: all in favour of protecting your marriage. It was Will Smith who seems to get credit for thewell-knownn quote, “Too many spend money they haven’t earned, to buy things they don’t want, to impress people they don’t like.” We want you to take this topic seriously because if you’re going to build a marriage that you love today and will treasure for a lifetime, financial management is going to be a critical component. Stay tuned for more detailed Family Budgeting help as we know this is important to you! This is Part 1 of 5. Make sure you view the rest of the series: Part 2: How to Negotiate a Budget With Your Spouse Part 3: How to Create Your Family Budget Part 4: Budgeting for Annual Bills, Emergencies & Savings Part 5: How to Reduce Debt [i] Barbara Kerkmann et al., “Financial Management, Financial Problems and Marital Satisfaction Among Recently Married University Students,” Journal of Financial Counseling and Planning 11, no. 2 (2000). [ii] “Consumer Debt,” Wikipedia, the Free Encyclopedia, January 20, 2015, https://en.wikipedia.org/w/index.php?title=Consumer_debt&oldid=643444131. [iii] Jeffrey Dew, “Debt Change and Marital Satisfaction Change in Recently Married Couples*,” Family Relations 57, no. 1 (January 1, 2008): 60–71, doi:10.1111/j.1741-3729.2007.00483.x. [iv] “Logarithm,” Wikipedia, the Free Encyclopedia, May 3, 2015, https://en.wikipedia.org/w/index.php?title=Logarithm&oldid=660567948.


    Couples That Play Together Stay Together May 27, 2015
    Show notes

    Life is busy. So busy. But so often we let other people and other things run our schedules and in the process of allowing this to happen: what really matters to us gets bumped. Like time with our spouse…Date nights…Fun nights…Just time to hang out. What can we do to change that? We all hit phases in life that are busy. It is totally normal! If this is you right now, don’t worry, it doesn’t mean your marriage is done – you’ve done well just to recognize the stage you’re in. I like the phrase from the Bible verse from Ecclesiastes 9:9 which says “Enjoy life with your wife”! Sometimes we get so serious about life that we forget to create good times together, but marriage researchers have known for a long time that happily married couples enjoy leisure activities together. This is evident in the research as far back as 1951 – married people have been having fun for quite a while! A particular pair of researchers way back then wanted to look particularly at the crowd of married folk who were transitioning to parenthood for the first time. They found that initially, leisure time dropped but then started to go back up after the first several weeks of new parenting had passed. However, here’s what is interesting. They looked at leisure before marriage as well. If there was SHARED leisure prenatally, there was more marital love and less conflict one year later. If there was only independent leisure prenatally, there was less love and more conflict 1 year later. SO: creating shared leisure time is good! Build positivity into your marriage as a buffer against future stress.[i] The good news is that in marriages today, more married couples are sharing leisure time than was happening in 2003, 1975, or back in 1965. In this study, the researchers found that dual-earner couples spent less time in the presence of their spouse than single-earner couples. If you’re a dual-earner couple, this is tougher for you. They also found, not surprisingly, that the presence of children equated to a drop in the amount of joint leisure time with a spouse.[ii] Again, this is a normal situation to find yourself in. Many folks feel that they’re the only ones struggling, but they’re not. You are not alone. We all face these challenges! So, what can we do about all of this? First thing – drop the idea of time management. You can’t manage time. Time happens whether you think you’re managing it or not. Thinking too hard about trying to force time to do something for you means that you’re giving he power over to something outside your control. You can’t stop time or make it go slower! What you can manage is your SELF! Forget about time management and think about self-management. So, how can we bring this into our daily lives? First, think about WHAT you do when you are together. How do you manage yourself during the time you have together? Here are some things for you to think about: 1. Most couple’s time together is meal times, the evening and night. 2. Do not cut back on sleep. As Shawn Stevenson told us in episode 38, sleep impacts the quality of your marriage. Again, do not cut back on sleep! 3. Think about the role of TV and movies in your life. Caleb and I do not own a TV, nor do we subscribe to Netflix or any such streaming service. We do breath oxygen and put our pants on one leg at a time, so we’re not totally weird! The decision to live free from all sources of streaming media is a huge blessing to our family because we have WAY more time together, and when we’re together we’re not distracted by the TV or watching a movie. Think seriously about how much time you spend watching TV and video. Have you heard the saying, “We’re all in this together – alone”? Look at the time you have together and remove the ‘alone’ piece. 4. Review your working hours. The research says that lack of time together is largely due to the combination of long working hours and the presence of younger children.[iii] You can’t reduce the number of children, and you usually think you can’t reduce the number of working hours. Honestly though, sometimes you have to choose between your standard of living and quality of life. Don’t be fooled into thinking they’re the same thing. It is extremely valuable to your marriage to try to eat together, spend time together in the evening, and to go out together from time to time. It is going to be a challenge, but if you sit down together, and you both want to achieve this outcome, you’ll find ways to do so. In episode 54, Ten Ways to Court Your Spouse, we also referred to this final piece of research from The National Marriage Project. Those researchers noted that husbands and wives who engaged in couple time with their spouse at least once a week were approximately 3.5 times more likely to report being “very happy” in their marriages, compared to those who enjoyed less quality time with their spouse.[iv] That is just one more plug to really compel you to consider this seriously. This really matters. It really makes a difference. I know every once in a while in our marriage it feels like it goes a little chilly. Often times, we have just lost the habit of spending quality time together. When we figure out how to restore that, things warm up again very quickly. If you need help with this, please schedule a consultation! [i] Amy Claxton and Maureen Perry-Jenkins, “No Fun Anymore: Leisure and Marital Quality Across the Transition to Parenthood,” Journal of Marriage and the Family 70, no. 1 (February 1, 2008): 28–43. [ii] Marieke Voorpostel, Tanja van der Lippe, and Jonathan Gershuny, “Spending Time Together--Changes Over Four Decades in Leisure Time Spent with a Spouse,” Journal of Leisure Research 42, no. 2 (April 1, 2010), https://js.sagamorepub.com/jlr/article/view/376. [iii] Ignace Glorieux, Joeri Minnen, and Theun Pieter van Tienoven, “Spouse ‘Together Time’: Quality Time Within the Household,” Social Indicators Research 101, no. 2 (April 2011): 281–87, doi:10.1007/s11205-010-9648-x. [iv] Bradford Wilcox and Jeffrey Dew, The Date Night Opportunity: What Does Coupe Time Tell Us About the Potential Value of Date Nights? (The National Marriage Project at the University of Virginia, 2012), https://nationalmarriageproject.org/wp-content/uploads/2012/05/NMP-DateNight.pdf.


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