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How To Merge Your Money For Marriage: An Engaged Couple's and Newlywed's Guide to Successfully Managing Money in Your Marriage
How To Merge Your Money For Marriage An Engaged Couple's and Newlywed's Guide to Successfully Managing Money in Your Marriage Author:Jack D. Stevison, Jr., CFP From the day you earned your first dollar and either spent it or saved it, you set in motion the wheels that would determine how you managed your own money. You might have been given advice from a friend or relative on the best idea for that first dollar, or perhaps you were left alone to your own devices and ideas of what to do with your money... more ». After all, it's your money.
The nature of money, and your ability to earn it and manage it for yourself is inherently a private issue. It's hard for anyone, even a professional money manager and planner, to help you figure out what to do with money once you've earned it if you don't want the help. You may need help, but do not necessarily want it.
Now that you are preparing to enter marriage, however, you are introducing potential conflict to your relationship with your preconceived notions of how to save, spend, pay bills, manage debt, save for a house, and plan for retirement. You'll have someone else with you, hopefully for the rest of your life, whose ideas may be along the same lines as yours or may run counter to yours.
This book is intended to help you successfully prepare to merge the money into your marriage. Whether you chose your mate through the "opposites attract" method, or whether you came into your relationship through common interests that you share, understanding each other's view of the family finances will help you plan common goals.« less