Are Financial Stereotypes Playing Out in Your Relationship?

Today we dive into the nuances of personal finance, challenge financial stereotypes, and explore how they might be influencing your relationship. In this episode, Mary Beth Storjohann and Neela Hummel discuss the common stereotypes around money management within relationships and share their personal experiences about how these assumptions have played out in their lives. They tackle a variety of themes from the ingrained idea that 'money is a man's work,' to who should handle the investing, to the societal pressures and expectations when women are the breadwinners. Tune in for this candid, sometimes humorous, but insightful conversation and let’s reflect on the financial dynamics that can play out in relationships.

For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

What You’ll Learn in this Episode:

• Some of the financial stereotypes that exist as cultural norms or practices
• How some of these stereotypes show up in heterosexual relationships
• The challenges with one partner handling all of the finances
• Societal expectations for men and women when it comes to paying the bill 
• How better financial outcomes can come when both partners are engaged financially
• The stereotype behind who handles investments and how studies have countered the societal expectation
• The struggle women face, especially as breadwinners in heterosexual relationships and the additional pressure society puts on them
• The importance of good communication and an equitable division of financial roles within a household
• Why many stereotypes around money should be challenged

Resources Mentioned on the Show:

• The Gender Wage Gap and What to Do About It
• The Gender Wealth Gap and What to Do About It
• Fair Play by Eve Rodsky
• Financial Planning for Women
• Abacus Academy

Stay Connected:

• Connect with Mary Beth on Twitter, Instagram, and on LinkedIn 
• Connect with Neela on Twitter, Instagram, and on LinkedIn
• Join the Abacus community by connecting with us on Facebook, Twitter, Instagram and on LinkedIn