See I completely disagree. Our finance session was the most worthless one. We were young. The extremely wealthy teaching couple were talking about retirement, school, vacation homes. We have seven kids and I stay home. Money, is one of the farthest Catholic parts of our marriage. We both let the prep shaking our heads. There was zero Catholicism and 100 percent money is king focus.
I said nothing about “finance sessions” with wealthy couples–I agree with you that many financial advisors do NOT understand “real life”, although I do think a financial advisor can provide an engaged couple with literature and information about financial wisdom in marriage.
My husband and I were definitely not wise by worldly standards about our finances–but that’s OK. The point is, we agreed about what we were doing with our money.
Once our daughters were in school, I went back to work in order to pay for TWO things–a private school (after five years of attempting the abysmal public schools in our city), and figure skating. Almost ALL of my paycheck went to pay for these bills. And even with me working, we were still about $20,000 in debt by the time our daughters graduated from high school–both girls were members of an elite synchronized skating team, and did several overseas (Europe) competitions. We did not attend, and there was no “internet” at the time, so the only way we could view those competitions was with video that other parents brought back.
I know–it sounds insane, but we have NO REGRETS about that debt, and we paid it back within a year after the girls went to college. We LOVED their private school (I still volunteer there), and we LOVED the figure skating (and we are still members of our local figure skating club).
And then there were the college debts. We paid for some of their college, and they paid for some of it, and both girls attended expensive private Christian (one Catholic, one Protestant) colleges that offered the best programs for their career interests.
And NO REGRETS! I am within a few months of finishing paying off those debts, and we are within a few years of paying off our mortgage–just in time for retirement.
The point is–we TALKED together about all of these expenditures, and we AGREED that we wanted to spend our money this way rather than living a frugal and financially-wise life–we LOVED the synchronized skating years, and BOTH girls, in their mid-30s now, are STILL involved with this sport that one Olympic Committee member has called “the most beautiful ice sport”.
What I’m advising for young couples is scrupulous HONESTY about their finances. No covering up. No pretending that everything is fine. No hidden resentments about who works harder, who spends money foolishly, who is too stingy, who needs to get a second job, who needs to help out more around the house, who needs to stop addictive shopping or gambling or borrowing from parents–**it all needs to be out in the open and talked about BEFORE marriage and constantly DURING marriage.