Thursday, August 14, 2014

Good reading about couples finances - financial infidelity and bad money habits

I constantly read interesting articles about personal finance, so here are a few good ones about couples finances

"It's not that much different from other kinds of infidelity," says Dr. Donna Tonrey, a licensed MFP and the director of the Counseling and Family Therapy Master's Program at La Salle University in Philadelphia. "Someone is doing something that has an impact on both of them as a couple and is keeping it a secret." If you've committed financial infidelity or your partner has, read this article to know the best way to handle it.

You know this couple. They met, fell in love, moved in together — and then slowly began to sink under the weight of their money habits. He ran up her credit card; she kept purchases secret. They ignored their financial woes.

Financial harmony is crucial to a couple's long-term synergy with money. In my experience, couples with cohesive financial strategies have the most successful relationships. Over the years, I've seen the same bad money decisions tear apart couple after couple. In fact, of couples exhibiting these behaviors, more than 95% ended on bad terms.

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