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Explore the intricate world of couples and money with Dr. Jerrold Lee Shapiro, delving into taboo topics, psychological perspectives, and solutions to financial conflicts. Understand the impact of upbringing, communication styles, and gender differences on money matters within relationships. Gain insights into recognizing the emotional and fiscal components of financial discussions and navigating towards mutual understanding and agreement. Enhance your financial harmony and strengthen your partnership through open conversations and constructive actions.
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Couples and Money The Last Taboo
JERROLD LEE SHAPIRO, Ph.D. Professor, Santa Clara University Licensed Clinical Psychologist, Los Altos Father of a daughter and a son Frequent soccer and little league coach
When it comes to money and financial matters, it is common for members of a couple to have differences of opinion
WHY IS THIS SO? • Greed and Fear • Money as a taboo subject • The “power” of money in a relationship • money as “dirty” • lack of knowledge on what money can and cannot bring (i.e. it can’t bring happiness) • Guilt and competitiveness
From a couples’ therapist’s perspective…... • Money conflicts are poly-determined • They often have some factual numerical basis • They always have emotional component • They reflect beliefs and values • They are usually hard to discuss effectively • Many couples hold secrets about finances
Exercise Make a list of cliché’s about money that were present in your home when you were growing up. Compare your list with that of your partner. What are the similarities? What are the Differences?
OUR IDEAS AND FEELINGS ABOUT MONEY ARE LEARNED AT AN EARLY AGE
Exercise • What’s important about money TO YOU? • What’s important about ___________ to you? • Is there anything more important than __________ to you?
What’s important about money to you? • Security • Freedom • improve my life and that of my family • Win a competition • Try to demonstrate personal self worth by financial wherewithal • Improve the community
Exercise What do you find disquieting about your personal relationship to money? (i.e. saving/spending patterns)? What do you find disquieting about your partner’s relationship to money?
BLOCKS TO RESOLUTIONOF MONEY ISSUES • COMMUNICATION • FISCAL • PSYCHOLOGICAL
It’snot just because of the topic. When it comes to emotional topics, Menand Women (fathers and mothers) communicate DIFFERENTLY
What Differences do You Experience? What Differences do you see in others?
MEN UNDERSTAND AND RESPOND TO THEIR WORLD FROM THE OUTSIDE -- IN MOTHERS DO IT FROM THE INSIDE -- OUT
Time limited Bottom line first One subject at a time Shoulder to shoulder Clear expectations Primarily informational Time open Story first Many subjects interwoven Face-to-face Open expectations Primarily relational Gender & Communicationmen women
Gender Communication Styles The Corpus Callosum Women’s (mothers’) unbreakable invisible emotional umbilical cord Serial problem solving Men’s based on the life and death implications of hunting and war
TWO KEY QUESTIONS • What’s the topic? • Do you want me to listen and reflect what I am hearing or do you want me to fix a problem?
SO, What does all this have to do with FINANCES?
Focus on “facts” and agreements More reliance on budget Solving problems by increasing earnings silence under stress will tend to blame Focus on internal reality, changing feelings Reliance on current needs identify problems to be discussed will talk when under stress will tend to blame As in all personal conversations MEN WOMEN
Fiscal concerns • Without actual numbers (not to the penny), discussions are all about fantasy • Living within one’s means • Agreements need to be kept or changed before action
Psychological Concerns • The obvious topic may not be the “REAL” issue • Styles with money predate meeting one’s partner • What are the “holy needs” for spending or saving? (children, work, appearances???)
What can you do about it? • Determine the type of conversation • recognize that conversations about money are rarely just financial. They are also about emotions and values • Realize that the emotional and fiscal components must both be addressed and that they are both important Recognize that unilateral actions around money may be experienced as BETRAYAL by a partner. Set agreements on budgets; Make changes in agreements prior to acting on them.
Fatherhood Work by Dr. Shapiro • When Men Are Pregnant (1987; 1993) • The Measure of a Man: Becoming the Father You Wish Your Father Had Been (1993; 1995) • Becoming a Father (with Drs. Michael Diamond, Martin Greenberg - Eds. 1995; 1998) • A Father’s Declaration (Poster) 1997