Protect your own financial identity
October 9, 2009 by Jennifer Chait
Filed under finances, financial matters
Protecting your own financial identity is very important when you partner up for the long haul with another person. At anytime, there could be glitches, curve balls, and other surprises that attack one of you, and the other partner may need credit of their own.
How to deal:
When you become two vs. one, either by means of marriage or just because you’ve been together so long, make sure that even if you’re combining incomes, bills, and credit that each of you keep one or two credit cards or credit accounts in your own name. You should always keep partially solo …read more
Argue less about money
October 5, 2009 by Jennifer Chait
Filed under family, marriage
While it’s true that an abysmal economy makes for better divorces, that doesn’t mean you HAVE to break up over money issues. Sadly, many couple do. In fact much research points out that money is the number one reason couple fight and break up. Avoid this by using the following tactics.
Know what’s what before hand: Before leaping into a relationship make sure you discuss money. I know it’s not romantic or always fun, but knowing your couple money mindset before you become a twosome can save you some trouble in the long run.
Split your stash: If you have your own …read more
A Bad Economy Makes for Better Divorces
May 31, 2009 by Jennifer Chait
Filed under family
There was a totally interesting piece recently in the Charleston Daily Mail. The piece, Divorcing couples in hard times try to save money, discusses how hard economics may make for a less messy divorce due to both parties not wanting to waste money on fighting it out in court.
Because of the economy, raised home costs, retirement issues, and more, couples are seemingly willing to go the distance to keep things chill. For example, not go to court at all, not fight so much when they are in court, and maybe even live together as they divorce. It’s an interesting perk …read more
Avoid breaking up over money issues
April 17, 2009 by Jennifer Chait
Filed under family, finances, marriage
Many studies note that financial incompatibility is the number one reason that couple split up. That sucks, because if you know how to deal with money issues, and if you make it a priority in your relationship to discuss money issues, you can avoid this potential problem from the get-go. How can you and your partner happy together, even when money issues pop up?
First of all you should read, Financially Compatible Spouses & Partners – this post covers what you and your partner should discuss money-wise before taking the long-term relationship leap.
Next follow these tips:
Recognize that you and your partner …read more
