For many people, having a money talk with a boyfriend or girlfriend feels awkward and uncomfortable. Yet, if your relationship is becoming more serious, know there are four reasons why couples should talk about money. If you face your fears, discomfort, and insecurities early in the relationship and start having regular money talks, you’ll likely find your relationship becomes … [Read more...] about 4 Reasons Why Couples Should Talk About Money
You know the old phrase, “Opposites attract.” There is truth to that phrase, especially when it comes to money management. A frugal person can learn to relax a little and have more fun from a partner who loves to spend and enjoy money. However, the spendthrift partner can also learn to save more from the frugal partner. Ideally, the two balance one another out. However, before … [Read more...] about How to Deal with a Financially Opposite Spouse
The holiday season brings to light problems that you don’t typically face, like how rude your great aunt Mabel is. However, since you only see her during the holidays, you can tolerate her behavior. Yet, that’s not the case for some holiday-related issues. For instance, you may have spouse who gives you expensive gifts that you hate. How do you handle this sticky situation? … [Read more...] about What to Do If Your Spouse Gives You Gifts You Hate
The media loves to point out that one major cause of divorce is financial disagreements. Maybe the media talks about that so much because every marriage in the United States has a 40 to 50% chance of ending in divorce. That’s enough to make you consider not getting married! However, consider the flip side of this that’s never mentioned in the media—couples who effectively grow … [Read more...] about 7 Tips for Couples to Effectively Grow Wealth Together
"Mom, can I have $20 bucks to go to the movies and get some snacks?” Kids are notorious moochers. Why work hard and learn to budget when some kids just ask their parents for money? As a grown-up DINK, you probably thought the days of borrowing money were behind you. After all, you’re self-sufficient now, and you don’t have kids to ask you for money repeatedly. However, some … [Read more...] about How to Deal with a Spouse Who Keeps Borrowing Money
Narcissism is quite common in our culture. In fact, The Cleveland Clinic reports that “experts estimate that up to 5% of people have NPD [Narcissistic Personality Disorder].” When you consider the United States’ population of approximately 330 million, five percent would be 16,500,000! Not surprisingly, there are many famous people who are narcissists: Kanye West, Kim … [Read more...] about How Narcissism Affects a Couple’s Finances
The Beatles sang, “All you need is love,” but when it comes to a successful marriage, you need much more than that. Finding a spouse who matches your lifestyle and beliefs is important, especially when it comes to money management. Money issues are often a significant factor in divorce, so to keep your marriage intact, learning skills to prevent arguing with your spouse about … [Read more...] about How to Prevent Arguing with Your Spouse about Money
Abuse comes in many forms. While most people think of physical or emotional abuse, there is often a more subtle form of abuse that happens first—financial abuse. Financial abuse can happen in a marriage or a dating relationship, and it’s often the precursor to other forms of abuse. For that reason, learning the red flags of spousal financial abuse is essential. Knowing what … [Read more...] about What Are the Red Flags of Spousal Financial Abuse?
Editors note: In light of the protesting today at the US capitol building - this article is being republished. Unless you've been away from the internet in the arctic, you're probably aware of recent events following the killing of George Floyd in Minneapolis. The country has been gripped by the largest wave of civil disorder since 1968. The costs of riots are substantial. … [Read more...] about The Costs of Riots
Many couples have joint bank accounts throughout their marriage. This often happens either because they pool all of their money together or because they keep separate accounts but have a joint one to pay household bills. Another reason why spouses share an account is because one person is the budgeter in the family and needs access to the other's money. For millions of … [Read more...] about What Happens If Your Spouse Depletes Your Joint Account Before Separation?