The Family CFO
The Couple's Business Plan for Love and Money
Publication Date: January 2004
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At some point in every relationship, money becomes an issue.
It often happens when couples first consider moving in together or getting married, or when they're facing a major life decision such as buying a home or having children. Whether it happens sooner or later, though, finally taking control of your financial future is a huge step toward solidifying your relationship and realizing your shared dreams.
The Family CFO introduces couples to a personal-finance plan that turns managing your money into a romantic experience. By applying the tools and rules of the business world to minimize conflict and anxiety, you and your partner can focus on setting priorities and reaching goals instead of arguing over budgets. Then, after learning how to run the Family CFO system, you can work out personalized solutions to some of the biggest challenges couples face, including:
* Wresting control of debt
* Maintaining your lifestyle if one of you loses your job
* Deciding whether to change careers
* Arranging for one of you to stay at home with the kids.
In plain language illustrated with real couple's stories and supplemented with helpful worksheets, The Family CFO offers best family practices worthy of even the most accomplished chief financial officer. And as the authors well know and show, approaching your joint finances like a business can lead to a lifetime of shared pleasure.
Mary Claire Allvine, C.F.P., is a principal in the Chicago office of the prestigious financial planning firm Brownson, Rehmus & Foxworth Inc., where she advises high-net-worth families and senior corporate executives on investments, cash management, estate planning, charitable decisions, and tax management. She received her MBA from the University of Chicago. Frequently asked to speak, she has shared Family CFO concepts with groups nationwide.
Christine Larson has been writing for national magazines since graduating from Princeton University in 1990. Her work has appeared in the Wall Street Journal, Forbes FYI, Details, Cosmopolitan, Glamour, Parents, and numerous other publications. She writes frequently on business, personal finance, and careers, and has spoken and moderated panels at numerous business conferences. She also teaches writing at California State University, Sacramento.
"As a math-phobic writer whose idea of retirement planning involves buying a lottery ticket, I wasn't sure anything could help me work up the courage to talk to my MBA-holding, derivative-trading boyfriend about our financial future. But The Family CFO is the real deal. Full of common sense and wit, it's a godsend for all of us who graduated from the never-talk-about-money school of personal finance."--Debra Pickett, Chicago Sun-Times
"What a service the authors are providing for couples! The Family CFO is a fun and valuable tool for those who want to take charge of their finances and reach their life goals."--Daisy Chan, Smart Money
"Even the savviest of business men and women argue about money when they get home. This book-- based on the simple but brilliant premise that your family finances are a business-- offers a clear process for removing emotion from money decisions. It's easy to read, sensible to implement-- and may save your relationship."--Betty Spence, president, National Association of Female Executives
"The Family CFO is the ultimate marital aid for any couple whose domestic bliss was ever threatened by financial worries."--Andrew Essex, executive editor, Details
"This book will bring the riches of clarity and organization to your family finances."--Carol Evans, president and CEO of Working Mother Media