The Bottom Line... A heart-to-heart talk with your honey about money matters might do more for your long term bliss.
Carmen Wong Ulrich, Author of "Generation Debt: Take Control of Your Money." shares some of the key issues that are the fight over finances. Here are a couple snippets.
1. Investment risk: One may want to sink money into an investment that's too risky for the other.
2. Shopping: Yep, you guessed. One spouse is a power shopper and the other is a Power saver. This is where worlds collide. The PayPal study found the argument averaged once a month around bill time.
3. Spending Goals: Couples have trouble being on the same page about the long term goals and are usually vague on a plan to keep out of debt.
Here is another interesting thought. Half of all young couples keep separate checking accounts. If you have both joint and separate checking accounts than how can you avoid money squabbles.
Some excerpts taken from Investors Business Daily...
