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Welcome to this session of grand rounds, a collection of posts I have discovered in the blogosphere and have found of interest and hope you do too.
This offering of Grand Rounds looks at articles from around the web that deal with marriage and money.
Getting married is the biggest commitment you can make to another individual.
You can truly have a fairy tale ending if you find yourself with the right partner and the whole becomes greater than the sum of its individual parts.
The key of course is finding the right partner.
[I have given numerous examples of what happens when the wrong partner is chosen.]
Financial Samurai gives a suggestion on how to go about finding the perfect spouse in, “Marrying Your Equal Is Better Than Marrying Rich.”
Money is cited as one of the main causes for couples filing for divorce.
So if you both can get your financial affairs in order and be on the same page, the chances for staying married increases.
The Female Professional provides some insight on how to do just that in, “12 Money Habits Of Highly Effective Couples.”
It is a bit challenging when two people enter a marriage.
The question will come up whether all finances should be combined into one joint account or should each individual retain their individual accounts.
What works for some may not work for others so it really is up to each couple what the best course is.
A contributor for Business Insider justifies their choice in, “4 reasons my fiance and I won’t be combining our finances after marriage.”
Say you and your fiance decide that combining finances makes more sense as a couple moving forward.
How exactly does one go about doing that?
Money Management International points you in the right direction in, “Ultimate Guide to Combining Your Finances After Marriage.”
Unfortunately not every marriage lasts until “death does us part.”
Having endured a brutal divorce myself I know that the claws can come out, especially if there are a lot of assets in play.
The Female Money Doctor offers some suggestions in, “Protecting And Managing Your Money Through Divorce.”
Hope you enjoyed the reading material.
Have a great rest of the week.
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Dr. X, I really think those of us who have had enduring marriages with our best friend/wife get far too much credit. I think we simply got very lucky and could have just as well ended up in a dumpster fire relationship. I certainly think that applies to you, a very thoughtful and wise individual. We just aren’t qualified to make that kind of decision at the age most of us marry. And we aren’t even fully developed into who each of us will become over time. Its a crapshoot. I never judge someone over a failed marriage or credit… Read more »
Those are very wise words indeed. You are spot in about how people change/evolve over time. I certainly am not the same person I was in my 20s. Glad you found a partner for life and I’m hoping the 2nd time is the charm for me in the near future