Many young couples are so busy being romantic that they forget to talk about anything practical like personal finance. Money isn't a romantic subject, but marriage should be seen as entering into a financial as well as a romantic partnership.
More Quotes from Sheryl Garrett:
There's nothing finite or tangible about an electronic transfer or use of a credit card. We don't feel the pain of parting with our cash, but we still get the high from making a purchase.Sheryl Garrett
There are about 1,100 laws that apply only to married couples that more than make up for the marriage penalty.
Sheryl Garrett
Newlyweds make decisions that affect each other. Young couples need to think about the unthinkable. If you have assets that you want your spouse to keep if you die, you need insurance.
Sheryl Garrett
Parents seek to raise their children to be self-sufficient adults. If children can vote, drive, order a drink and go to war, why do parents feel obligated to carry the full financial burden of their college education
Sheryl Garrett
This way, both spouses are kept in the loop, and there are no secrets. There's no blame, no shame. It's taking your financial pulse Did we meet our goals What can be done better You don't want to beat each other up--you want to make the finances work better.
Sheryl Garrett
Bailing your kids out of a self-inflicted financial mistake is going backward. A credit card can teach a kid when to stop spending. The lesson will be lost if parents keep bailing the student out.
Sheryl Garrett
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