Money Mistakes
By: Import User
Updated: May 19, 2008
OKAY... THIS MORNING WE ARE PROTECTING YOUR POCKETBOOK BY HELPING YOU AVOID 6 FINANCIAL MISTAKES THAT COUPLES MAKE.
THIS INFORMATION COMES FROM THE EDITORS AT SMART MONEY-DOT-COM. AND WE¹LL POST ALL OF THIS INFORMATION IN THE PROTECTING YOUR POCKETBOOK SECTION AT OUR HOME PAGE, ARKANSASMATTERS-DOT-COM.
THE FIRST MISTAKE HAS TO DO WITH:
MERGING THE FINANCES:
THE WRONG APPROACH: UNITED WE STAND, DIVIDED WE BANK.
THE RIGHT APPROACH: IT'S YOURS, MINE AND OURS.
THE 2ND FINANCIAL MISTAKE COUPLES MAKE:
DEALING WITH DEBT:
THE WRONG APPROACH: YOUR DEBT WILL RUIN US; YOU MUST FIND A WAY TO PAY IT OFF.
THE RIGHT APPROACH: IT'S OUR DEBT: LET'S DECIDE HOW TO PAY IT OFF TOGETHER.
NUMBER 3:
KEEPING SPENDING IN CHECK:
THE WRONG APPROACH: I'M A SAVER AND YOU'RE A SPENDER. THAT'S THE PROBLEM.
THE RIGHT APPROACH: WE BOTH SPEND, BUT ON DIFFERENT THINGS. LET'S BUDGET.
THE FOURTH MONEY MISTAKE MARRIED COUPLES MAKE:
INVESTING WISELY:
THE WRONG APPROACH: YOU'RE A RISK-TAKER, I'M RISK-AVERSE. HANDS OFF OUR RETIREMENT SAVINGS.
THE RIGHT APPROACH: LET'S THINK IN TIME FRAMES AND TAKE AS MUCH RISK AS OUR GOALS ALLOW.
NUMBER 5 ON THE LIST OF FINANCIAL MISTAKES COUPLES MAKE:
KEEPING MONEY SECRETS:
THE WRONG APPROACH: WHAT MY SPOUSE DOESN'T KNOW WILL NEVER HURT HIM/HER.
THE RIGHT APPROACH: BIG FINANCIAL SECRETS CAN RUIN A MARRIAGE.
AND THE LAST BIG FINANCIAL MISTAKE COUPLES MAKE:
EMERGENCY PLANNING:
THE WRONG APPROACH: WE'RE FINE. WE DON'T NEED TO WORRY ABOUT MONEY.
THE RIGHT APPROACH: ANYTHING COULD HAPPEN. LET'S PLAN FOR EMERGENCIES.
