This is a book for married couples who encounter conflict around money (i.e. every married couple). It suggests that there are 5 Money Personalities (Saver, Spender, Risk Taker, Security Seeker and Flyer), that we all relate to two of them, and that it’s our differences in Money Personality that cause conflict in marriage. It’s not a how-to guide on budgeting or getting out of debt, but it’s not intended to be.
It’s healthy for every married couple to honestly discuss money, and this book gives one good structure for this, with lots of capitalised activities (you have a Money Personality, a Money Relationship, you have Money Huddles…). By working through it as a couple it will unlock doors to understand where conflict is coming from, and to improve the quality of a marriage. Good news.
The book is definitely quick and easy to read and the chapters are short, so it’s reasonable to expect even a book hater to be able to read a chapter and discuss it. There’s a website connected to the book, themoneycouple.com, which has a bunch of extra resources on it, but I couldn’t get that to work.
The style is straightforward, related to real life, and funny, but at times got repetitive; why use ten words when a hundred will do? There’s also a really good appendix (which I think would have fitted perfectly well within the book) giving practical advice on how to cope with your spouse’s Money Personality, although the conclusion seemed to be ‘agree on a budget’ (key word being ‘agree’), which does seem to be the only answer.
Overall I did find the book interesting and it sparked thoughts and conversations in my marriage, but I’m not sure how strongly I’d recommend it if I’m honest. If you’re experiencing conflict in your marriage, definitely buy this book. If you’re not, I think you’ll find the majority of it a bit irrelevant.
I got this book for free from BookSneeze.com in exchange for an honest review.
- Book Review: The 5 Money Personalities by Scott & Bethany Palmer (richardburkey.wordpress.com)
- Book Giveaway! The 5 Money Personalities (ruthiedean.com)
- The Money Couple: Don’t Let Financial Conflict Ruin Your Relationship (newyork.cbslocal.com)