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
Debt
7 Tips for Couples to Effectively Grow Wealth Together
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
6 Reasons Why Home Renovation Destroys Relationships
We’ve all seen the stories of couples who renovate their homes and end up hating each other. What are some reasons why home renovation destroys relationships? In this post, we will explore these reasons in depth. … [Read more...] about 6 Reasons Why Home Renovation Destroys Relationships
Smart Ways to Spend $3000
Do you have an extra $3,000 you need to decide how to spend? It may have come from a work bonus, a tax return, a stimulus check, or a small inheritance from a long-lost uncle. Whichever way you received the money, there are many smart ways to spend $3000. … [Read more...] about Smart Ways to Spend $3000
Why You Shouldn’t Refinance to Pay Off Consumer Debt
. About 15 months ago, we decided to refinance our home. The interest rate was lower than when we had bought our house six years earlier, and our house had appreciated enough that we could drop PMI (private mortgage insurance) when we refinanced. The mortgage broker working with us asked if we wanted a cash-out refinance to pay off debt. Our answer was a hard and fast “no.” … [Read more...] about Why You Shouldn’t Refinance to Pay Off Consumer Debt
How Narcissism Affects a Couple’s Finances
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
Financial Benefits of the Household Budget
Perhaps, you have the mindset that adopting a household budget will prevent you from living. This is simply not true. In fact, a budget will open the door to a better quality of life. Listed below are a few benefits that come with a household budget. Excessive Debt This past year was probably anything but a breeze regarding your finances. Lost or reduced wages put a large … [Read more...] about Financial Benefits of the Household Budget
How the Pandemic Changed How We Approach Finances
When I was young, my grandparents lived next door to us. I watched my grandma wash out sandwich baggies and used tin foil; I saw her clip coupons for groceries and the occasional meal out. She bought her clothes at second hand shops. When I asked my mom why, she explained that my grandparents had lived through the Great Depression, and it had permanently changed their … [Read more...] about How the Pandemic Changed How We Approach Finances
Rough Times: Pay Off Your Debts
If you're like us DINKs, you're probably wondering how to improve your financial bottom line. The recent covid related economic slowdown has torpedoed some people budgets, so some options for seeing immediate gains to one's net worth are limited. One way to immediately improve your bottom line is to pay off your debts. There are several advantages in doing so. First, … [Read more...] about Rough Times: Pay Off Your Debts
Couple has $232,000 In Debt – How Does That Happen?
I spend a lot of time on the internet, especially on personal finance blogs. Over this weekend I came across this posting. Evidently its written by a couple from Alaska. The interesting thing is...they have a lot of debt. Not just like a few thousand on a couple of credit cards, they owe about $232,000 in multiple vehicle loans, student loans, credit cards, and personal … [Read more...] about Couple has $232,000 In Debt – How Does That Happen?
