Talking about finances with your partner can be challenging. Money can be a touchy subject for many people, and disagreements over spending habits are a leading cause of divorce for married couples in the U.S. In fact, a study conducted by the University of Tennessee found that even happy couples disagreed on certain money-related matters. But there’s hope. The key lies in open communication and collaboration. 87% of married couples who consider their marriage “great” regularly collaborate with their spouse to work toward long-term financial goals, and 94% of people with healthy marriages say they talk about their money dreams together. So, how can we create a budget that works for both of us? #FinancialPlanning #FinancialWellbeing #HolisticFinancialPlanning #ClientsFirst
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38% of divorces are caused by financial struggles according to the National Library of Medicine. It doesn't matter if you've been married for one day or one decade, learning how to manage money as a couple is critical to the health of your marriage. You can avoid so much pain by simply learning how to communicate more effectively about money. To help you and your spouse learn how to easily talk about money, read this 4-minute article. You'll learn practical strategies for diffusing conflict, uniting over a shared mission, and discussing finances. #moneyandmarriage
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Conflicts about money are common in marriage. Learn five ways to start out on the right foot and avoid fighting about finances.
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Conflicts about money are common in marriage. Learn five ways to start out on the right foot and avoid fighting about finances.
Here’s how newlyweds can avoid money conflicts
newsyoucanuse.equitable.com
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No one expects betrayal, lies, or secrets to infiltrate their marriage... Even fewer imagine that those devastating blows would come from how your spouse handles money. 💔 Yet financial infidelity has the power to wreck your intimacy if you aren’t prepared to navigate the situation—or avoid it altogether. Financial infidelity is something most couples don’t want to think about. But since money is consistently a top reason for divorce, you can’t afford to take this topic lightly. 💸 Here are 9 tips for navigating financial infidelity: https://lnkd.in/gZkDh9j7
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Conflicts about money are common in marriage. Learn five ways to start out on the right foot and avoid fighting about finances.
Here’s how newlyweds can avoid money conflicts
newsyoucanuse.equitable.com
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"Division of labor" regarding 💵 money in your marriage might make sense—until it doesn't! I read a fantastic article in AARP Magazine (Yes, I'm old enough!) this weekend highlighting the peril that comes when the financially uninvolved spouse is forced to manage the money because of 💙 widowhood or divorce. Many times, the financially savvy spouse thinks they're protecting and serving their partner by taking care of the 💰money. As the article so eloquently stated, "Your partner doesn't have to worry about any of this stuff, which is awesome... as long as you both stay alive for the exact amount of time and stay in love forever." This is one of the reasons why I'm so passionate about women becoming financially 💪 confident! 80% of women will be 100% responsible for their finances for at least some period of time in their lives, whether by choice or chance. Women live an average of 5 to 7 years longer than men. Divorce 💔 rates are 35-50% for first marriages and as high as 70% for second marriages. It's okay for one person in the relationship to take the lead with the finances. But the other person should be kept informed and feel confident enough to step in and manage the money if and when it's needed. Who manages the money in your relationship? You, your honey, or both of you? #moneymanagement #personalfinance #womensempowerment #financialliteracy
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Did you know when we do your estate plan, we offer free YEARLY evaluations? If you've had a life changing event in the past year and would like to rethink your beneficiaries, personal representatives, etc we are happy to discuss with you for free and then make the appropriate changes for a minimal fee. Life-changing events that may prompt a reevaluation of your estate plan include: 👉 Marriage, divorce, or the birth/adoption of a child 👉 Death of a beneficiary 👉 Significant financial changes 👉 Relocation to another state or country 👉 Health changes 👉 Changes in tax laws 👉 Changes in your relationship with beneficiaries By regularly reviewing your estate plan with us it ensures that these documents accurately reflect your wishes and circumstances. #estateplan #azestate #azattorney #yearlyreview
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𝑬𝒎𝒑𝒐𝒘𝒆𝒓𝒊𝒏𝒈 𝒇𝒊𝒏𝒂𝒏𝒄𝒊𝒂𝒍 𝒔𝒐𝒍𝒖𝒕𝒊𝒐𝒏𝒔 - Providing financial solutions for tax savings, growth, capital & protection -Offering agents ownership with integrity, & support
𝐎𝐧 𝐭𝐡𝐢𝐬 𝐖𝐨𝐦𝐚𝐧𝐬 𝐝𝐚𝐲, 𝐈 𝐚𝐬𝐤 𝐚𝐫𝐞 𝐲𝐨𝐮 𝐩𝐫𝐨𝐭𝐞𝐜𝐭𝐞𝐝 𝐟𝐫𝐨𝐦 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐜𝐮𝐫𝐯𝐞 𝐛𝐚𝐥𝐥𝐬… death, illness, disability and even divorce? I meet many woman who faithfully entered into marriage and let him “handle it”. Ending up divorced and financially wrecked. Its not always this way, but being empowered around the finance decisions in your house hold is the first step. I help you understand and feel confident in all things money. #lifeinsurance #investing #empowerment
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As life evolves, it's easy to overlook the details. Make sure to review and update your estate plan after significant life events such as; the birth of a child, marriage, increased assets, changes in financial or family situations, or the death of a spouse.📜 Take a moment and connect with our experienced attorneys today to update yours.✅ #estateplanning #financialsecurity #touchstonelawoffices
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Money and marriage don't have to conflict with each other. Start your conversation early about your financial goals and keep an open and honest dialogue with each other. State Farm has some tips to share with newlyweds below. #WeddingsMonth #MoneyManagement https://lnkd.in/gC77JU_y
Marriage and Money
statefarm.com
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