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Smart Handling of Married Money – Part 1 of 4

Smart Handling of Married Money – Part 1 of 4
This blog post introduces a four-part series on managing finances in marriage, starting with the importance of discussing financial pasts, emotional connections to money, and understanding each partner's beliefs and behaviors regarding money.

There are a couple of myths about how finances and marriage mix or don’t mix. Here are a few true or false statements:

As you may already be aware, money matters have no right or wrong answers. Our responses only reveal our views and beliefs. However, are there any best practices?

In this four part series (adapted from an article by Jeanne Goudreau in Forbes magazine) we’ll look at some approaches widely agreed on by experts in financial money management – what couples should do before saying I do.

For starters you want to discuss your financial past

You want to put it all out there with your partner, your goal being to understand and not to judge. As you have probably already guessed many of our different attitudes to money or debt are shaped long before we become dating adults.

In next weeks segment we will discuss protecting your assets and what to do with debt before marriage.

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