There are a lot of great reasons to have separate accounts, but they are not for every relationship. In fact, I’d argue that most couples would be best with only shared accounts. Here are 7 reasons why. (Note that in this post I use the term “significant other” interchangeably with “spouse.” When I use the phrase “significant other” I really mean: extremely super significant other - such as a partner, spouse, or whichever term you use to describe the person you’ve made a commitment to spend the rest of your life with. By “significant other” I don’t mean “whatever person you’re randomly dating who you aren’t 100% sure about.”)Having Separate Accounts is Against the Values that Relationships Are Built OnWhat is a relationship built on? Trust, honesty, respect. Sharing an…
Like death, divorce is a topic most of us would prefer to avoid. While divorce doesn't have the 100% occurrence rate that death does, the statistics are still sobering. According to a paper published by the CDC on Marriage and Cohabitation in the United States, "The probability that the first marriages of women and men will survive to at least 10 years was 0.64 (or 64%) for women and 0.66 for men in 2002; the remainder of first marriages dissolved through divorce or separation within 10 years." (more…)
The biggest problems in relationships and the causes of divorce in the U.S. revolve around money issues. Financial problems can get in the way of your relationship if you let them, but it's all about communication and compromise. Here are a few common reasons couples fight about money -- and how to resolve these issues before they interfere with your relationship: (more…)
Dave Ramsey, who is my personal finance guru, argues strongly for a joint checking account. He explains that money becomes one when you enter a marriage and that you become fully a team. While I completely agree with being a team, sometimes it’s not always best to throw your money in one pot. This is such a taboo subject, but I find it so utterly important for women to know that they have options other than a joint checking account. A separate checking account may not be for everyone, because let’s face it, personal finance is personal, but let’s consider the pros. (more…)
As a special kickoff to Women's Money Week, we want to give a special shout out to all women money bloggers out there (whether they are participating in #WMW2012 or not). Every one of them is an entrepreneur in her own right, whether she considers herself one or not. So, check out this first ever Ultimate List of Women Money Bloggers - with nearly 350 blogs and counting. If you like it, please consider sharing it on you favorite social media. We hope you find a few new sites to read. (more…)
To kick off Women's Money Week we're giving away $25 Amazon gift cards to 4 lucky commenters who comment on Monday's posts. To be entered to win: Leave a comment (relevant and useful please) on any (or all) of the posts that appear in the category Entrepreneurship and Making Money. 4 lucky winners will be chosen at random. Only one comment per post will count towards entry. Void where prohibited. Winners will be contacted by email and must reply to claim their prize by March 9 at midnight EST or another winner will be chosen.
If you've got the entrepreneurial itch, there's nothing more exciting (or scary!) than starting your first business. You probably have lists galore, and details run through your mind late at night like crazy. You wonder whether you're making the right decision and how you'll get everything done. There are so many things to learn about and take care of -- where will you find the time? (more…)
The first annual Women's Money Week will be kicking off on Monday, March 5th, 2012! We’ve got some great cornerstone content lined up for you from a variety of writers that you won't want to miss, and of course an awesome bunch of participating blogs who'll be writing about important money-related issues impacting women. To celebrate the impending arrival Women's Money Week, we're holding a little giveaway. Just enter below for your chance to win a $20 Amazon gift card: (Void where prohibited.)