March 15, 2013

The Five Money Personalities-Speaking the Same Love and Money Language by Scott & Bethany Palmer

The 5 Money Personalities
Speaking the Same Love and Money Language By Scott & Bethany Palmer

First, please know that this book is designed to be read over a 90 day period with your spouse. I read the book straight through since I had a time deadline for my review. However, I think it is possible to glean helpful information whichever way you decide to read it. This is also not a book on budgeting or getting out of debt, but about discovering the how and why you behave the way you do with money.

This book is broken down into three main parts. Part 1: It's All About the Money Personalities. Part 2: The Heart of the Matter. Part 3: Reclaiming your Marriage. The book starts with us learning about the Money Relationship and that it  involves a whole lot more than money. The Palmer's define a Money Relationship as follows:  A "Money Relationship is about the daily decisions you make as a couple in which money is involved." The Palmer's begin to walk the reader through "practical, efficient, easy-to-remember, easy-to-apply tools to help you build a stronger Money Relationship."

The Five Money Personalities was something that was new to me. I knew about savers and spenders, but there are also risk takers, security seekers and what the Palmer's refer to as Flyers. Examples are given for each of the Five Money personalities and each person has a primary and secondary money personality. In this chapter I did learn what my Money personality is and that my spouse's is completely different.

The book is full of scenarios of couples from all five of the Money Personalities.  At times I found the book repetitive, but overall I would recommend it as a good read for couples and especially new couples. I did learn something new about my relationship with money and my spouse's relationship with money.

I received this book for free from for this review. I was not required to write a positive review and all opinions are my own.