Couples and Money | Counseling | Therapy

Couples and Money Couples Counseling Philadelphia Ocean City Mechanicsville

Alex , CAS, MSW, ACSW, LCSW — Founder & executive director

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Dan Spiritoso, MS (Associate Therapist)

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Dyonna Wilkerson (Intern Therapist)

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Challes Foley (Intern Therapist)

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Roomi Kunuria (Intern Therapist)

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Ella Chrelashvili, MA (Associate Therapist)

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Jordan Pearce, MA, LAC, NCC (Associate Therapist)

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Janette Dill, MFT (Associate Therapist)

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Farhana Ferdous, MA, ATR (Associate Therapist)

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Jonah Taylor, LSW (Associate Therapist)

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Lancie Mazza, LCSW (Therapist & Director Of Virginia Office)

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Margaret (Meg) Fromuth, LMFT (Therapist & Web Development Support)

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Richard (Rick) Snyderman, LPC, CADC, CSAT, NCC (Therapist & Director of Support Groups)

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Samantha Eisenberg, LCSW, MSW, MEd, LMT, (Therapist)

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Erica Goldblatt Hyatt DSW, LCSW, MBE (Therapist)

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Jennifer Foust, Ph.D., M.S., LPC, ACS (Clinical Director)

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Shannon Oliver-O'Neil, LCSW (Therapist & Director of Intern Program)

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"Alex" Caroline Robboy, CAS, MSW, ACSW, LCSW (Founder)

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Couples Therapy in Philadelphia , Ocean City, Mechanicsville, Santa Fe/ Couples & Money (for people with shared bank accounts) Now that you are married or in a long-term relationship, your significant other’s style of spending can effect your bottom line.

In the dating stages, a person who lavishes you with expensive dinners and gifts is an asset, however, in a marriage, this might be a negative. Their money is now your money, and as a result the more that is spent on “frivolous” gifts / activities, the less money there will be to pay the bills or put into savings.

Conversely, someone who saves money might be appealing in the dating stages because you know that no matter what they will be able to live within their budget and provide for their family. However, in a marriage, this very same quality might lead to arguments about your wanting to spend money. You may not value savings as much as your partner.

Talking directly and honestly about money is taboo. Could you imagine on a first date asking your partner how much money they earned? If they were a trust fund baby? If they have school debt? Credit card debt? Or if they plan to be financially responsible for their parents in their old age? Social custom dictates that this information should be gathered in bits and pieces as relevant to a particular conversation, and never explicitly discussed unless the relationship is ‘serious.’ Thus, many relationships are “serious” before couples are even aware to the degree that they have different financial backgrounds, savings, incomes, earning potentials, financial goals, and spending habit expectations.

In this culture, money symbolizes what most people crave, independence, power, authority, respect, competence, safety and being nurtured. The combination of people having been raised with different financial values, spending habits, expectations and incomes and poor language skills about how to talk about money often leads to fights. These fights tend to be emotional because money symbolizes peoples emotional well-beings.

While it is too late to choose someone who earns more money, has more money in savings, is more financially generous, et cetera, it is not too late to improve communication skills about money and to develop a plan of action. Specifically, the goal for each person is to understand how the other person views money, and identify how that is the same and different from their own.

To understand each person’s perspective better, try the following Couples and Money Exercises created by the Center for Growth / Therapy in Philadelphia:

Each partner should answer the following questions re: couples and money:

* What are your financial goals? What were they like as a single person, as a married person, as a parent? How have your financial goals evolved?
* How do the two of you handle money now? Do you each have your own separate checking accounts, and pay a percentage of your income to common bills? Do the two of you pool your money together? What are the strengths of your current financial set-up? What are the weaknesses of your current financial set up?
* What does money represent? How was money handled in the family that you grew up with? How was money talked about / spent in your family of origin?
* In what ways do you trust your partner with money? In what ways do you not trust him/her with money?
* If you were to become bedridden and unable to manage your finances, who would you want to handle your money? And why?
* How do your answers to these questions change if you were three hundred thousand dollars in debt? Or had ten million dollars in the bank?

When discussing money, or any difficult topic, the way you argue can actually be more important than the "outcome" of any discussion around money and couples. The goal is to create a safe enough environment for both of you to do the necessary work.

* to help you understand what the "reasonable black box" answer should / could look like you may want to talk to friends, consult with a financial planner, a lawyer, and/or a therapist. Sometimes what your partner is asking for is simply unreasonable and for safety reasons you need to simply say no and set limits.

Still want support in managing your money as a couple?
If you are struggling and want help, you can self schedule an inperson or a virtual couples therapy appointment at The Center for Growth Therapy Offices in PA, NJ, VA, GA, NM, FL or call 215 922 5683 x 100

Fun Facts About Money: While we believe that everyone should seek out therapy to help them talk to their friends, family, spouses, and children about money, we also believe that simply talking about money is fun. Here are some fun money facts that every Philadelphian is supposed to know.
  • The word "salary" comes from the Latin word "salarium," which was a payment made to Roman soldiers for the purchase of salt. Salt was a valuable commodity in ancient times and was used to preserve food.
  • The first paper money was used in China during the Tang Dynasty (618-907 AD). These early paper notes were known as "jiaozi" and were used as an alternative to coins.
  • The first U.S. paper money was issued by the Massachusetts Bay Colony in 1690. The notes were used to pay soldiers fighting against the Native Americans.
  • The U.S. Bureau of Engraving and Printing produces over 38 million notes per day, with a total face value of over $541 million.
  • The U.S. dollar is the most widely used currency in international trade, with around 88% of all foreign exchange transactions involving the U.S. dollar.
  • The world's oldest bank still in operation is the Banca Monte dei Paschi di Siena, which was founded in 1472 in Italy.
  • The U.S. Mint has produced coins featuring the image of every U.S. president except for George Washington.
  • The U.S. $100 bill is the most widely-circulated denomination of U.S. currency, with more than 11 billion $100 notes in circulation as of 2021.
  • The U.S. dollar was originally based on the value of gold and silver, but since 1971, it has been a fiat currency, meaning its value is not backed by any physical commodity.
  • The word "dollar" comes from the German word "Thaler," which was a silver coin used in Europe during the 16th and 17th centuries.


Therapy and Counseling Services Offered in Philadelphia, Ocean City, Mechanicsville, Santa Fe:

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A therapist and a money manager may approach the topic of money in different ways.

A therapist may help an individual or a couple to understand how their thoughts, feelings and behaviors around money are related to their overall mental and emotional well-being. They may help to identify patterns or unresolved issues that may be impacting their relationship with money, such as past traumas, anxiety or depression. They may also help to develop healthy coping mechanisms and communication skills related to financial issues.

On the other hand, a money manager may focus on the practical aspects of managing money such as budgeting, investing, tax planning, and retirement planning. They may also provide advice on financial products and services and help clients to achieve their financial goals.

While both a therapist and a money manager may discuss money with their clients, the main focus of the conversation and the approach to the topic will be different. A therapist may focus on the psychological and emotional aspects of money and how it impacts a person's life, while a money manager may focus on the financial planning and management aspects of money.

It's important to note that both therapist and money manager can work together to help a client improve their financial well-being. A therapist can help to build a strong emotional foundation and develop healthy coping mechanisms, while a money manager can provide practical financial advice and help to achieve financial goals.

InPerson Therapy & Virtual Counseling: Child, Teens, Adults, Couples, Family Therapy and Support Groups. Anxiety, OCD, Panic Attack Therapy, Depression Therapy, FND Therapy, Grief Therapy, Neurodiversity Counseling, Sex Therapy, Trauma Therapy: Therapy in Providence RI, Philadelphia PA, Ocean City NJ, Santa Fe NM, Mechanicsville VA