Are there rules for handling finances when you are married?
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Are there rules for handling finances when you are married?
What is the first financial commitment in marriage?
Should some purchases only be made if both parties agree?
What about the use of credit cards?
What should a couple do about savings?
What is the last financial vow for couples?
What is an asset class?
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David John Marotta
President, Marotta Wealth Management, Inc., Marotta Wealth Management, Inc.
434-244-0000
questions@emarotta.com
David John Marotta is the President of Marotta Wealth Management, a fee-only financial planning and asset management firm in Charlottesville, Virginia. He is an oft-quoted writer and speaker on financial matters and his weekly financial column can be found at www.eMarotta.com
Are there rules for handling finances when you are married?
What is the last financial vow for couples?
David John Marotta: The last financial vow for couples is to agree that ignorance is not an excuse. So, weve had couples who are in financial trouble and one party doesnt even want to know how far they are in debt for example or one party says, well, you pay all the bills, its your problem. Those kinds of excuses if you dont have both parties working together, you are not going to get out of any kind of financial troubles you are in.
Transcripts
What is the last financial vow for couples?
David John Marotta: The last financial vow for couples is to agree that ignorance is not an excuse. So, weve had couples who are in financial trouble and one party doesnt even want to know how far they are in debt for example or one party says, well, you pay all the bills, its your problem. Those kinds of excuses if you dont have both parties working together, you are not going to get out of any kind of financial troubles you are in. So, ignorance is not an excuse, and if you dont think that you are the problem, and you are not involved, you probably are the problem.
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