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One reason couples avoid doing something about their finances is because they're not comfortable talking about money with one another.
If that sounds like you, MoneyChat: The Book from Dorethia Conner Kelly may be the book to get you started.
In case you're not familiar with her, Dorethia Conner Kelly, MBA is the president of Conner Financial Coaching, LLC, providing results-oriented personal finance and business coaching services.
Her financial expertise has been featured in various media including Black Enterprise, U.S. News and Nerd Wallet.
She was a recent guest on the Couple Money Podcast, sharing her practical advice on the sticky situation of loaning money to family.
I loved having her on the show and found her book to have that same grounded wisdom about handling money.
What's Money Chat All About?
She's based her book on what she had seen with many of the families she's helped as a money coach. She's all about changing what people say about money so their behavior follows.
The book is divided into three sections:
- Getting Out of the Hole: The opening section deals with making sure you're out of the financial fire by offering tips and advice on getting rid of debt, handling taxes, and avoiding short term fixes like payday loans.
- Getting on Solid Ground: With high interest and risky debt no longer an issue, the next few chapters handles how you can build up a proper financial cushion for your particular situation and budgets.
- Growing Your Money: Finally the last portion of Money Chat delves into other financial milestones and goals like investing, preparing for retirement, and saving up for your children's college expenses.
Dorethia does a fantastic job of taking you through the process step by step. It's a wonderfully helpful book that can help the two of you get on the same page with your finances.
If you like to hear more from her, please check her out at The Money Chat or follow her on twitter so you can join in her next conversation. I've always enjoyed these chats as there are some wonderful topics and people giving their two cents.