Sep 03 2024 36 mins
In this episode, Ben and Pete are joined by Hayson and Nikki Lo, hosts of the Money Matrimony podcast. Hayson and Nikki share their own experience with navigating household finances, as they took time and effort to find a more united approach. They want to help other couples with communicating better about money matters.
Key Takeaways:
Open Communication: Regular, honest conversations about daily expenses and financial goals strengthen marital relationships.
Joint Accounts: Combining finances fosters transparency and shared responsibility, ensuring both partners are involved in financial decisions.
Importance of Contentment: Teaching children about contentment and gratitude, regardless of financial status, helps ground them in healthy financial principles.
Role of Faith: Understanding that all resources come from God and striving to be good stewards impacts how money is managed and prioritised.
Balancing Act: Regular assessment of goals is necessary as balancing career aspirations and family time remains a constant challenge.
Notable Quotes:
Hayson: "The way that you view money, the way that you view the language around money, it's so important that it's about 'we' and not 'I'."
Nikki: "We are focusing more on the relational side of it, because a lot of finance podcasts involve getting rich and finding financial freedom – which is important – but we want to emphasise not making money an idol."
Hayson: "Having good communication and honest communication, even about our financial mistakes, helps foster a healthier relationship."
Nikki: "It's also seeing the value in each other's contributions, whether financial or non-financial, to help bring about those important conversations and communications."
Hayson: "We want our kids to learn contentment, to be content whether they have a lot or a little, and to always be thankful to God."
Listen now to Money Matrimony with Hayson and Nikki.
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Pete Burrows is an accountant for small business and individuals with Lower Russell and Farr in Penrith, Western Sydney, Australia.
Ben McEachen hosts Hope Mornings on Hope 103.2FM in Sydney, Australia.
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