Financial Advice for Couples From Around the Web
A look at tips from a few of our favorite personal finance bloggers about relationships and money.
Money plays a prominent role in any relationship. However, many couples fail to discuss finances before they get married or move in together, financial planners have told me over the years. And throughout relationships, money is a common cause of conflict. So I gathered advice from a few of our favorite personal finance bloggers about how couples can learn more about each other's money habits and work together to improve their finances. There's also advice on what happens to a couple's finances as a result of divorce.
How to Choose Your Financial Mate [MoneyNing] "By knowing yourself and your partner’s financial states of mind, you’ll ease many of those inherent tensions and make life more livable."
Prepare Your Financial Plan Before Saying "I Do" [Debt Kid] "To help you avoid a bad situation and the potential for an ugly argument, consider all your options before deciding how to handle your joint money concerns."
How to Get Your Spouse Involved With Your Family Finances [Christian Personal Finance] "If your spouse views budgets as straitjackets which confine, restrict and suffocate, you need to emphasize the positive aspects of working together on your finances."
The Full Family Commitment [The Simple Dollar] "If you’re married or in a long-term committed relationship, financial improvement won’t happen unless you’re both on board with it."
Getting a Divorce? What You Need to Know About Your Debt [MoneyNing] "If your name is still on a loan, you’re still responsible for it. So, even though your spouse is supposed to make payments, if he or she drops the ball, you’re still on the hook."