Tuesday, July 14, 2009

Happy Couples: Learning Financial Savvy

The topic of family finances is another hot-button topic, even for happy couples.
1.Delegate the task of budget balancer.
Experts observe that most happy couples recognize that handling household finances should remain a singular task. "Only one person can work the checkbook. There can't be two CFOs,"
That doesn't mean, however, that the other partner should be kept in the dark about finances. Sheridan espouses making joint financial decisions, with just one person implementing.
2.Start an emergency fund.
He also strongly urges couples to plan for financial emergencies. This helps diffuse any potential blowups, such as who will sacrifice personal spending money when urgent house repairs must be funded.
Every couple faces adversity, from slumps in their sex lives to bickering over the checkbook balance. But Markman believes that most married people can learn to become happy couples. "If both partners are motivated, they can turn things around,"

Markman

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