Comments on: 3 Money Practices that Ruin Relationships

By: mycareercrusade

mycareercrusade — Mon, 09 Jun 2014 06:19:29 +0000

Yes money is probably the reason for most arguments, what are your thoughts on when you should start with joint accounts? After marriage? Should people still have their separate money as well?

By: blonde_finance

blonde_finance — Wed, 04 Jun 2014 03:27:02 +0000

Eyesonthedollar Ugh! That is awful for the cousin. I don’t think that enough people realize that they are responsible for half of the debt incurred while married which makes it even more important to understand what is happening. A successful partnership is all about communication and planning.

By: Eyesonthedollar

Eyesonthedollar — Wed, 04 Jun 2014 03:22:51 +0000

I have a cousin who just got divorced and found out her husband had all kinds of credit card debt she didn’t know about. She got saddled with half of it. I do blame him, but she paid no attention to the bills and let him take care of all the finances. She didn’t even know how much the mortgage payment was! I blame her for that. In my own situation, we didn’t hide anything, but never talked about spending, and that turned out very badly. These are wonderful reminders that a relationship is a partnership on all levels, even financially.

By: blonde_finance

blonde_finance — Tue, 03 Jun 2014 20:01:15 +0000

BrokeMillennial I have heard of a few situations where the husband opened accounts in the Cayman Islands and the wife never knew. Or I knew wives who “never ask” about money. I can’t imagine living in the dark like that and it could seriously blow up in your face.

By: blonde_finance

blonde_finance — Tue, 03 Jun 2014 20:00:05 +0000

ShannonRyan Ha! I know, no matter how much research shows advisors the importance of including both spouses, they don’t seem to pay attention to it. No matter who “earns” the money, each spouse is equally important to the overall home and should be treated as such.

By: blonde_finance

blonde_finance — Tue, 03 Jun 2014 19:58:50 +0000

JourneytoSaving So true!! Where is the teamwork? It almost seems like cheating when you open an account without the other spouse knowing. I can’t imagine that feeling good.

By: blonde_finance

blonde_finance — Tue, 03 Jun 2014 19:57:52 +0000

BusyMomBudgets Budgeting together and being in agreement is a great way of avoiding the spending without discussing issue. No matter what your budget method, if you are in a relationship, you are part of a team and you should want the team to succeed, especially financially.