Jesse frequently talked of buying a sports car, but his wife, Maran, didn’t agree with the decision. She felt their money would be better spent traveling together and making memories. Imagine her surprise one Saturday afternoon when Jesse came home driving a cherry red convertible. Maran was angry and then hurt. How could Jesse make such a large decision without her? In … [Read more...] about How Unilateral Decisions Affect Relationships
While many couples don’t buy life insurance until they decide to have children, that’s not the only time life insurance is needed. If you’re a DINK couple, you should still consider buying life insurance. There are several reasons why you likely want to get life insurance for both of you, even if one partner has a much lower paying job than the other. … [Read more...] about Do Both You and Your Spouse Need Life Insurance?
As you age, you’re at an increased risk of a host of physical and mental ailments. In the United States, “an estimated 5.8 million Americans age 65 or older are living with Alzheimer’s dementia in 2020” (alz.org). If you suspect your partner is afflicted, or if you’ve gotten a diagnosis, there’s no time to waste. Among the many preparations you’ll have to make, you’ll want … [Read more...] about Financial Planning Tips for a Spouse with Dementia
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?
Couples choosing the DINKs way of life is becoming more and more common. There are quite a few reasons why those may choose the path or the path may choose them, but before diving in too deep, let's take a look at what the DINKs path really is and then dive into the most common reasons why couples choose the DINKs path. … [Read more...] about Common Reasons Why Couples Choose the DINKs Path
Are you an avid follower of this blog or perhaps you stumbled upon it, you understand what the term DINKs means (dual income, no kids) but have you really ever thought of the benefits of it or if you could pounce on this opportunity? In this article, we are going to look at DINKs further and the potential it holds. … [Read more...] about What is DINKS and Is It For You?
According to one of Russell Brand's most recent YouTube videos, the number one reason why couples break up is lack of communication. We always hear it, but communication is truly key. It is better to overcommunicate than under-communicate. That is why I am bringing you these 100 important questions to discuss with your spouse to make sure you're both on the same page. Plus, … [Read more...] about 100 Important Money Questions Couples Should Answer Together Now
Valentine's Day is a time for those in relationships to celebrate their loved one and those not in relationships to also celebrate not having to spend all the extra dough on this commercialized holiday. However, for those of us who are in relationships, there are ways we can still make Valentine's Day special for our significant other without breaking the bank. In this article, … [Read more...] about 7 Basically Free Valentine’s Day Gifts For The One You Love
Let's be honest. Even bringing up the word prenup can be awkward and depending on your audience, you might get some nasty glares. However, with divorce rates up to 50% according to the American Psychological Association, it is something that needs to be considered. … [Read more...] about How To Actually Use Prenups As A Useful Money Management Tool
Did you know the number one reason for spouses to get divorced is money? We have all hard horror stories of recent newly weds who found out one or the other had huge amounts of debt in their name. And I think we can all agree, one of the first reactions we have is "How did you not know about this sooner?". I get it. Money is a really sensitive topic for people to talk about, … [Read more...] about The Importance Of A Strong Financial Foundation in Relationships