What Comes First in a Blended Family: How to Talk and Manage Money

Modern Husbands Podcast

Welcome to a special edition of the Modern Husbands podcast. This episode is a recording of our live event: Managing Money Talks in a Blended Family.

The event guests were Ed Coambs and Mikel Van Cleve.
Ed is the President of the Financial Therapy Association, a licensed marriage and family therapist, CERTIFIED FINANCIAL PLANNER™, and Certified Financial Therapist-I™. Ed is the founder of HealthyLoveandMoney.com, an organization on a mission to help couples transform their relationship through learning, healing, and growing.
Mikel Van Cleve, CFP® is a doctoral student at Texas Tech University in the Personal Financial Planning program. He's a Certified Financial Behavior Specialist® and Certified Employee Benefit Specialist® with 20 years of experience in the financial services industry. Mikel's academic research is focused on understanding the complex dynamics of money management within blended families. Mikel and his wife, Heather, are in a blended family, which has fueled his passion for research on an ever-increasing population segment.
Let’s begin today’s special edition of the Modern Husbands Podcast with Mikel sharing why he started the Ph.D. program at Texas Tech, focusing on money in blended families.
Show Notes

0:00: Introduction
1:19: The origin of Mikel’s passion for his professional expertise
2:04: How Ed’s own family dynamic shapes his curiosity and professional expertise in financial intimacy and the four attachment styles
4:39: Defining financial intimacy and the four attachment styles
6:12: Mike defines various types of blended families
12:26: Mikel shares a bit about his research on money and blended families
18:40: Mikel and Ed share scenarios that are especially difficult for blended families to manage and discuss strategies for managing the situations and the conversations. Each issue involves children and bonus children.

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1. Introduction (00:00:00)

2. The origin of Mikel’s passion for his professional expertise (00:01:19)

3. How Ed’s own family dynamic shapes his curiosity and professional expertise in financial intimacy and the four attachment styles (00:02:04)

4. Defining financial intimacy and the four attachment styles (00:04:39)

5. Mike defines various types of blended families (00:06:12)

6. Mikel shares a bit about his research on money and blended families (00:12:26)

7. Mikel and Ed share scenarios that are especially difficult for blended families to manage and discuss strategies for managing the situations and the conversations. Each issue involves children and bonus children. (00:18:40)