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Focus on Marriage Podcast

Different Money Personalities in Your Marriage

Focus on Marriage Podcast

Focus on the Family

Society & Culture, Relationships

4.71.7K Ratings

🗓️ 7 January 2025

⏱️ 11 minutes

🧾️ Download transcript

Summary

Do you prefer to spend money or save it? In many marriages, it's usually the case where one spouse is the saver while the other likes to spend. Jim Daly talks to financial experts, Taylor and Megan Kovar, on something they call the five money personalities. Also, if you have different money habits from your spouse, John Fuller and Erin Smalley will encourage you to work through those.

 

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Transcript

Click on a timestamp to play from that location

0:00.0

When it comes to money, are you a spender or a saver?

0:08.8

Now, I'm fortunate because I'm kind of a saver and I'm married to a pretty much saver.

0:13.6

And I don't know if there are degrees, but let's find out.

0:16.5

I'm John Fuller, along with Greg and Aaron Smalley.

0:18.9

They lead the marriage team here at the ministry. and we're going to start off with this segment

0:23.3

from Focus on the Family with Jim Daly.

0:25.8

Jim spoke with Megan and Taylor Covar on the show, and you've probably heard of Dr. Gary Chapman

0:31.3

and his five love languages.

0:33.1

Well, the Covars went through something similar that they called the five money personalities.

0:38.1

You do something in this book, which I think is really good, and that's put personality to

0:43.3

money types. You know, I don't know if this is 100% accurate, but let's talk about those five

0:49.8

personality types and give a little description to each one. Sure. So there are five money personalities

0:55.4

that we have discovered and that starts with we have a saver, spender, risk taker, security seeker, and

1:02.0

also a flyer. Oh, I just like flyer already. It sounds like a fun one. It sounds fun, right? They are

1:08.7

really fun. Except you pay the piper. You do. Yeah.

1:11.5

And so after interviewing literally thousands of couples, right, and we've done this,

1:16.2

we've identified these five different money personalities that are out there. I mean, a lot of

1:21.3

people when we talk about how you think about money, it's usually saver and spender, right? And

1:24.8

that's usually where people stop. Well, I'm a saver, She's a spender, and that's all it comes down to. Well, and every saver is a spender to a degree.

1:31.9

To a degree. Because you've got to spend money. You got to spend money. Right. And then every

1:35.2

spender has to hopefully save something. Yeah. And so what we found is everybody has two money personalities, a primary and a secondary, they kind of jump out, right? That's how we put it.

1:44.3

So,

...

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