30. Family Finances and Gender with Jessica Durbin of Durbin Bookkeeping

Jessica Durbin is a Financial Wellness Coach, a third generation tax preparer, bookkeeper, wife of a Navy Corpsman Veteran and the mother of two beautiful girls. In this episode on CFO at Home, Jessica and Vince discuss the role that gender plays in a family’s money dynamic; how the dynamic differs depending on which partner is the primary breadwinner, challenges created when the woman is that breadwinner, ways to manage through those challenges, and more.

• Key Takeaways
• • How gender impacts the money dynamic in a family 
  • • The unhealthy dynamic of “secret spending” by women when the man is the primary income earner exists even today
    • When the woman is the primary earner, men can struggle with thoughts that they should be playing that role because for so long  this was considered to be the more “traditional” arrangement
    • • The “non-traditional” arrangement can provoke positive conversations about the worth of what the partner who is not the primary income earner does in terms of running the household
      • Important traits to remember when managing through this dynamic
      • • Communication; regular check-ins
        • Sense of compromise
        • Understanding of one another’s “love language”
        • Don’t be afraid of discussing the “sticky questions”
    • Regardless of which partner is the primary earner, each spouse can play a role in helping the family achieve it’s financial goals. Having each partner play some sort of role helps to foster a sense of “teamwork” and working together.

• Recommended resources:
• • The 5 Love Languages
  • Listen Money Matters Podcast
  • InvestED Podcast
  • Jessica Durbin - Best Holistic Life Magazine
  • IRS.gov

• Ways to contact/follow
• • Durbinbookkeeping.com
  • Durbin_Bookkeeping - Instagram
  • Durbin Bookkeeping - Facebook

• Contact the Host - vince@thecfoathome.com