Financial couples counseling in L.A.?
January 14, 2008 8:55 PM Subscribe
Looking for a financial (not
debt/credit) counselor in Los Angeles area for a couple with different financial approaches/backgrounds.
posted by anonymous to Work & Money (7 answers total)
So, my SO and I are settling down. We have a great relationship. we're on the same page about virtually all of the big issues - except for figuring out a compatible approach to finances.
Our main problem is not debt. We are each on track to pay down the last of our individual CC debt over the next year or so. Neither of us has any other debt (we rent our place and don't have car loans). We both have great credit.
One of us has a middle-class background, went to college (took out and eventually paid off their student loans), tends to be a saver, works a career-oriented day job with benefits/retirement plan, etc., and expects to set up a college savings plan for any future children.
One of us has a working-class background, did not go to college, tends to be a spender, and has only worked service jobs to support their creative/freelance endeavors (so income varies by month). Recently opned an IRA at the other's urging, but having a hard time funding it. Doesn't think a college savings account is necessary.
We would like to work through these issues sooner rather than later - i.e., before merging bank accounts and getting married, and certainly before a baby's on the way. (We're in our mid-late 30s, so that will likely happen sooner rather than later.)
Again, debt/credit isn't really the issue. Our main questions are about budgeting/saving (hard to do when one partner's income varies every month) and setting goals, given our different backgrounds, expectations, and need for financial security.
We would like to find a financial counselor who specializes in working with couples on issues like this - not so much a general couples counselor who might just recommend a book to read or tell us to communicate better (we communicate just fine - what we don't know is how to solve the problem practically). Any recommendations??