How to Handle Money Effectively as a Blended Family

To tackle the special challenges merging two families into one presents, start by getting naked (financially speaking).

(Image credit: Getty Images)

In 40% of all new marriages, at least one person was previously married. Blended families come with unique financial dynamics that arise from merging families with different financial values, spending habits and money philosophies.

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Stacy Francis, CFP®, CDFA®, CES™
President & CEO, Francis Financial Inc.

Stacy is a nationally recognized financial expert and the President and CEO of Francis Financial Inc., which she founded 15 years ago. She is a Certified Financial Planner® (CFP®) and Certified Divorce Financial Analyst® (CDFA®) who provides advice to women going through transitions, such as divorce, widowhood and sudden wealth. She is also the founder of Savvy Ladies™, a nonprofit that has provided free personal finance education and resources to over 15,000 women.