It is crucial that couples to discuss their financial situation, what assets are being brought into the relationship, what are the pros and cons of getting married and even joining accounts or not having a joint account. This discussion needs to even include if there's any debt being brought into the marriage. I've talked with several women who said they would not do joint accounts again because they were lied to in a previous marriage. Communicating about what's important to them when it comes to money and life is key.
Dr. Taffy Wagner, CEPF®, CCRR®
http://www.moneyandmarriage365.com
Dr. Taffy Wagnerof CO3:27PM May 09, 2012
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deanjones523of CA2:26PM May 09, 2012
Ms Johnston is right that "plenty of books and articles offer financial planning tips … but few address the financial issues that widows and widowers face." However, most books are similar to the article in that they tell someone to just sit down and talk with a significant other or spouse about finances – but talking about finances is really difficult. I'd suggest enrolling in a marriage and money seminar, going through a marriage weekend, or doing the Money Habitudes cards (www.moneyhabitudes.com) activity on one's own to talk about money in the context of a relationship – and that's true if someone is marrying for the first time or remarrying after divorce or the loss of a spouse.
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Dr. Taffy Wagner of CO 3:27PM May 09, 2012
deanjones523 of CA 2:26PM May 09, 2012
Jane of TX 3:42PM May 03, 2012