Love And Money How To Prevent Financial Mishaps In A Relationship
All dating couples talk about their future career plans, where they want to settle, how many kids they want to have and of course, where they want to go for their honeymoon before they walk down the aisle.
But they rarely talk about money either because they feel that love takes precedence over money or they don’t want to ‘offend’ their partners. After getting married, couples realize love doesn’t conquer money problems and no matter how strong the love is between a husband and a wife, they will always have power struggles, disagreements and fights over money issues.
Take Control Of Your Financial Future
So, you have to start making an income, but you have no real skills, and you haven’t been out in the work force since dirt was created. Let’s face it, in the divorce process, women most often end up with the short end of the stick financially. But what can you do? What employable skills do you have?
I’ve done many things to make ends meet (all legal), including actually getting a job, meaning that I went out, beat the pavement, and handed in resume’s and job applications, all in the hope that someone would hire me for a lousy $7 an hour after years of being at home with my kids.
Emergency Savings Account: Save More Than Just Money
Few, if any, of us escape life?s financial challenges. Whether it?s lay offs at work, unexpected medical bills, or the loss of a spouse?s income, having insufficient reserve funds to pay even one or two months? worth of our bills can drive many to impossibly strict budgeting, the loss of real property, and sometimes even to bankruptcy.
As important as any other item in your budget, building an Emergency Savings Account with funds sufficient to pay three to six months? worth of your monthly bills, can provide the financial buffer required to survive while you get back on your financial feet.
Divorced and Cheated Out of the Family Finances - How Smart Divorce Lawyers are Ruining Women
But even more interesting and instructive is where all the big divorce money for the lawyers is coming from?
Yep, you guessed right, its’ from our pockets, yours and mine. Basically any cash paid to a lawyer, even by your ex-husband depletes the family finances and assets that may have to be sold to settle legal fees. Money that should have otherwise gone to divorced women to help them rebuild their lives with some decent finances after the devastation that usually comes with divorce. Make no mistake about it; lawyers love nasty divorce settlement cases. The nastier they are, the better for them. Lawyers are usually the only true winners in any divorce action.
Finance and Divorce
The best way to ensure that your divorce does not put a strain on your finances is to be realistic. What are the objectives or goals to be reached financially? People often are so used to sharing their finances when they are married that the prospect of divorce leaves them feeling confused as to what they own as an individual.
Initially couples have to embrace the fact that they are individuals and so are their finances. They are individual finances. By calculating what each person is worth or has contributed to the relationship often helps solve the problem.