As DINKS, you and your spouse likely rely on two incomes to meet your monthly obligations, save for retirement, and have some money to spend on fun expenses like travel, clothes, and meals out. When one of you loses a job, you may both worry. The uncertainty of job loss is often the most difficult to handle—when will your spouse find another job? Will the job pay as much as the … [Read more...] about What to Do When Your Spouse Can’t Find a Job
marriage
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
How to Prevent Arguing with Your Spouse about Money
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
Why Financial Transparency Is Important in Marriage
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
Reasons Why You Need Witnesses in a Prenup
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
How Unilateral Decisions Affect Relationships
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
100 Important Money Questions Couples Should Answer Together Now
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
Why Does Marriage Build Wealth?
Married people are richer. If you read much personal finance literature, you'll have learned this by now. While it's an interesting observation, what's more interesting is why this is. Speculation has involved a variety of topics: … [Read more...] about Why Does Marriage Build Wealth?
Gottman, Marriage, Meaning and Money
If you're married or in a committed relationship, one thing you'll learn is that fights about money aren't really about the money. Instead, they're often about underlying values like safety, security, freedom, etc. So, if you're fighting with your partner about money, here is a resource I wanted to share with with you. Its good for folks who are struggling to integrate their … [Read more...] about Gottman, Marriage, Meaning and Money
How to Decide if You Need a Separate or Joint Bank Account
Whether you have been married 50 days or 50 years, money is likely a source of friction between you and your spouse at times. This is especially true if one spouse is a spender and the other one is a saver. Spouses with children don’t have to worry about who has the checkbook when a child needs money for lunch or school activities. Separate bank accounts may seem like an … [Read more...] about How to Decide if You Need a Separate or Joint Bank Account
