Yours, Mine and Ours: A Checklist for Blended Family Finances

When combining finances as a new family, there’s lots to consider. To make the best choices, here are six key areas to focus on.

Five set of feet are seen, belonging to a family lying on the beach.
(Image credit: Getty Images)

Family finances can prove tricky under any circumstances, but that’s even more so with blended families, where two sets of often well-established financial histories and philosophies try to merge into one.

At Semmax Financial Group, we’ve seen a number of blended families these days where people have remarried, either after a divorce or the death of a spouse. Sometimes it’s older couples already in retirement. In other cases, it’s a younger couple still trying to raise children. But regardless of the specifics of any individual situation, when families blend, so do their finances, and that’s when things can get problematic if careful planning and communication don’t happen.

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The information contained herein is for educational purposes only. It is not intended to provide, and should not be relied on for, any tax, legal, or investment advice. You are advised to seek the advice of a qualified professional prior to making any decision based on any specific information contained herein.


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Michael Sellers, CFP®
Financial Adviser, Semmax Financial Group

Michael Sellers is a financial adviser with Semmax Financial Group in Winston-Salem, N.C. He has a wide breadth of experience in financial services and earned his CERTIFIED FINANCIAL PLANNER™ (CFP®) professional designation while working at Vanguard in 2017. Sellers has a Bachelor of Arts in economics from Wake Forest University.