As DINKS, you may find yourself in a better financial position than many of your friends and family. After all, you have no children, which can be a huge money saver. The USDA estimates that “a family will spend approximately $12,980 annually per child in a middle-income ($59,200-$107,400), two-child, married-couple family.” In addition to not having children, you will also … [Read more...] about 3 Financial Mistakes DINKS Make
My uncle and aunt kept their finances separate. She had her own account and income, and he did, too. When tax time came, they filed together, but my uncle took all of the tax return money. Of course, my aunt fumed about this, but the situation never changed. If you and your spouse have separate finances, equity is just one of the reasons why couples should split a tax refund. … [Read more...] about Reasons Why Couples Should Split a Tax Refund
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
When Ronald married Shayla, they agreed to keep their finances separate. Shayla knew that she made less than Ronald, but she didn’t know how much less because he wouldn’t tell her. Meanwhile, they split household expenses equally. Shayla struggled to make ends meet on her smaller salary, while Ronald continued to buy and fix up old cars and eat out at restaurants frequently. … [Read more...] about Why Financial Transparency Is Important in Marriage
Side hustles are becoming more prevalent in society than ever before. There are side hustles for just about every type of person, and new ones are being created every single day. Some ambitous individuals are even able to turn a side hustle into a lucrative full time job. Most people equate side hustling with being a solopreneur or working by yourself. However, that's just not … [Read more...] about 3 Side Hustles You Can Do as a Couple
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?
The phrase “the grass is greener where you water it” means that the more you work on your personal romantic relationships, the better they become. However, properly watering the grass requires significant time and investment in your relationship. … [Read more...] about The Grass Is Greener Where You Water It
If you are preparing to enter a marriage with substantial assets, you likely will want to have a prenuptial agreement to protect those assets. Having witnesses is not required when you sign the prenup, but it is recommended that you have two witness and a notary at the signing. There are many reasons why you need a prenup witness or two. … [Read more...] about Reasons Why You Need Witnesses in a Prenup
More and more couples are living together before they marry. While many of these couples may start out in apartments, the longer they live together, the more they may think of buying a house together. Especially in our current economic climate of record low mortgage interest rates, buying a home together seems like the next logical step in a committed relationship. Be … [Read more...] about Risks of Buying a Home as an Unmarried Couple
If you know you’re likely headed for divorce, you may want to protect yourself by selling assets such as property, personal items, cars, etc. However, there are many aspects to take into consideration before making any such move. Selling possessions before divorce can have serious repercussions in how the court treats you once you file the divorce papers. … [Read more...] about Can a Spouse Secretly Sell Possessions Before Divorce?