"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
The number one cause of divorce is disagreements about money. While we may think of this meaning arguing about how you each spend money, there can also be a darker side. In some marriages, spouses hide money from one another. This can lead to divorce, especially if the behavior has lasting financial implications such as bankruptcy. … [Read more...] about How to Tell If Your Spouse Is Hiding Money
People enter the DINKS lifestyle for different reasons. The most common reasons are that they don’t want children, can’t afford children, or can’t have children. However, while those reasons may comprise most DINKS couples in the United States, there are other, more nuanced reasons why couples choose to be DINKS. … [Read more...] about More Reasons Why DINKS Choose Not to Have Kids
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
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
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?
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
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?
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