Small businesses in California can benefit from posting videos about their company on social media sites such as YouTube. This video for example, is an interview of Colleen McNamee of McNamee Mediations. It is posted on the company’s YouTube channel.
Interview of Colleen McNamee of McNamee Mediations
I run a mortgage company and obviously, I see everybody’s finances in the process of it. And it didn’t dawn until now but I actually had a client where after the conference call with him and his wife were done, he called me back separately. He asked me to keep a few things confidential. He actually had a different amount of money every month from his paycheck going to a separate bank account that she didn’t know anything about. And what I find as odd though is that I remember hanging up thinking, “well this is a bad situation for me to be in”, first, but then remember hanging up going, “how does she not know?” When they do their taxes at the end of the year – the W2, the paychecks? I don’t know how he’s pulled it off.
She may not even look at it. She might just sign her name if she’s not worried about checking it. A lot of people just sign.
How to Avoid Financial Infidelity in your Marriage?
Yeah, I guess so. So what do you recommend in a situation like that? Obviously, your business is divorce and getting it over with as easy as possible. But I’d like to say, “Don’t get divorced. Make an effort not to.” I would think that from somebody like you that’s pretty much heard it all, what’s some good advice you can give for people to not be in that situation? Is it, “don’t have separate accounts and maybe you should just have one” or is it “Have a financial date (as one of our TLPs says all the time) and talk about things.”
Well, I think I want to start off by saying that the show isn’t supposed to promote distrust on your spouse, first and foremost. We don’t want our listeners to take this, go home, and start doubting what their spouse is spending their money on. But I do think that you need to trust your instincts. If something feels like it’s a little bit off, look into it. Don’t just pretend like it’s not there because your instincts are oftentimes right. But as far as some practical advice, I would say that in my opinion it would be better to have one main account that all money goes into – whether it’s a dual income or single income. And then if you guys want to have separate operating expenses for your own personal enjoyment and going out – that you separate accounts and you decide on an allowance that you’ll give equal to each other. And that money gets taken out of the main one and given to you in your separate accounts. So if you each get 2500 dollars a month to spend on whatever you want, just discretionary expenses, and all the rest stays in that primary account, you’re going to be less likely to have situations where financial infidelity arise.