You can know your partner incredibly well and still have very different ideas about money. From how much to save and spend to how you share expenses and plan for the future, those differences can shape the financial decisions you make together.
In this episode of CIBC Smart Advice, host Carissa Lucreziano sits down with financial psychologist and Certified Financial Planner Dr. Brad Klontz to explore the beliefs and experiences that influence how couples approach money.
Brad explains how “money scripts” can develop from our earliest experiences with money, why partners often bring very different financial perspectives into a relationship, and how those differences can actually create greater balance. He also discusses how couples can navigate saving and spending, decide how to share expenses, set individual and shared financial goals, and build a financial system that evolves as their lives change.
Dr. Brad Klontz, Psy.D., CFP®, is an expert in financial psychology, financial planning and applied behavioural finance. He is an Associate Professor of Practice at Creighton University’s Heider College of Business, Co-Founder of the Financial Psychology Institute and Managing Principal of YMW Advisors.
A Fellow of the American Psychological Association, Brad has written extensively on the psychology of money and has co-authored or co-edited numerous books on the subject. His latest book, Start Thinking Rich, explores the beliefs and behaviours that shape our financial lives. His work has been featured in The Wall Street Journal, The New York Times, The Washington Post, TIME, NPR, Good Morning America and other major media outlets.
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Talking about money with your partner isn't always easy, but understanding where each person's financial beliefs come from can be an important first step. Whether you're setting shared goals, deciding how to manage expenses or simply checking in on what's working, open conversations can help you build a financial approach that works for both of you.
CIBC's Smart Advice hub offers expert insights, practical tools and resources to help you navigate financial decisions together and plan for what comes next.
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