Initial results from my latest experiment

July 30th, 2012

Last week, I kicked off a new experiment: “How would your partner spend $1,001?” I’ve asked how you would spend $1,001. But because it’s “Money & Relationships” month, I wanted to see how you thought your partner would spend it. We looked at the results from thousands of people. Most people thought they and their partners ...

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The Definitive Script: How to talk to your partner about money

July 25th, 2012

Here’s the definitive script on how to talk to your partner about money -- without nagging or making them feel defensive. I’ve included the exact, word-for-word phrases to use, along with the exact information you need. Use this when you’re getting married, moving in with your partner, or getting serious about money. Bonus: Notice the psychological strategies ...

New IWT series on Money & Relationships

July 02nd, 2012

In May, we touched on a taboo subject: Money & Gender. It was interesting to watch people leave comments on money and relationships, an intensely personal topic. Some commenters were very wise, others had huge chips on their shoulders. All of them were entertaining. For example, I wasn’t sure if this blog would still be standing after we talked ...

Who controls the money in your relationship?

May 25th, 2012

Indian culture is patriarchal in most ways. Yet interestingly, women control the money. Men come home from work and hand their paychecks to the mother of the house. And since multiple generations usually live in one house, the mother has impressive power and collects multiple paychecks, doling out money where appropriate. That’s why I love this email I received ...

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Smart Women Marry For ______

May 18th, 2012

“I’m going to marry for love” is such a deeply held belief that’s become an invisible script. After all, who wouldn’t want to marry someone they love? But “love marriages” are only a recent development. Throughout history, marriages were made for strategic alliances, economic gain, familial ties, and a variety of other unromantic reasons. The push and ...

How much should you spend on an engagement ring?

May 11th, 2012

Here’s one of my favorite money and gender questions: How much should someone spend on an engagement ring? Out of curiosity, I once asked this at the dinner table, and my entire family put their forks down and stared at me. Not good. I like this question because it highlights the gap between rational answers and emotional responses. Whenever ...