Money & Romantic Relationships

Financially, marriage can be a big plus. Couples get benefits like tax breaks, so your “I do” might come with a nice, big check too.

However, money can also cause a lot of tension in relationships, especially if financial issues are not discussed before you tie the knot. Statistics show that over 50% of marriages end in divorce, many of them because of financial issues. It is essential to talk about finances before marriage, and for both partners to take part in financial matters so that neither is left out of the loop.

For a woman, it is especially important to maintain checking and savings accounts, investments, credit cards and credit history in your own name. This does not mean you should not have a joint bank account—if couples are going to share equally in a marriage, it could cause tension not to have that joint account. But separate, personally-maintained finances are crucial to ensuring that you will always have the means to take care of yourself and retain your independence.

On to Employment!