Is Your Man Your Financial Plan?
Posted by Mary | Filed under Featured, Lifestyle, relationships and money
You would be surprised how many people think their money problems will go away because they will marry rich. And its not just women looking for that “good provider.” More and more guys are hoping their mate will come with financial benefits. Its not just sugar mommas or daddy’s we want, in some cases we are willing to bring home the bacon- but we don’t want to think about investments or – god forbid- taxes. No matter what your gender or your income, life is a lot easier if you invest in your own financial education.
If you are in a relationship and have let your partner take the lead with the finances— then think about getting more involved. The bottom-line, a man is not a financial plan. And guys– women aren’t one either. No matter how many breadwinners you have in your household– you both need to be in the loop. I understand that there is usually someone in a relationship who likes the financial planning and the other partner might hate it. That is fine. But things happen and you need to know the basics to make sure you can make it on your own with- or without your mate. The two D’s we hate to talk about -death and divorce- happen. This applies to both men and women.. married or partners.
Start with the basics– get a notebook that has all of the important phone numbers account names and numbers and beneficiary info in one place. If you don’t have a will– get one and keep a copy in that notebook. It is a simple way to get in the loop. Just remember to update it as things change.
I also suggest you have a money meeting at least once a year. That is when you review all the retirement funds, investment funds, debt and any other big financial issues. This is a real meeting — with no kids, no interruptions allowed. Go over the information and talk about the specifics of your family’s financial health and strategies for improving it in the coming year.
Good luck and look for more money tips on Mary Talks Money- seen daily on LiveWellHD TV network. For local listings visit http://www.livewellhd.com/feature?id=6775183
Tags: caraccioli, livewellhd, love and money, man financial plan, relationships and money
