It’s not just first time brides who have trouble talking about money. Women who remarry have many of the same money hang-ups, especially if money was a touchy subject the first time around.
It's counterintuitive to think about widowhood or divorce when you're getting married. Few women do. Without thinking of the consequences of letting our husband manage our money, we set ourselves up for financial vulnerability. We assume he’s making the right financial decisions about our future. Sometimes he is; sometimes he isn’t . Most of the time, he's not thinking of our future without him. Too many other things going on...
Unfortunately, we don’t find out what he’s been doing until we are slammed with that crisis of widowhood or divorce.
Why don’t women participate more fully in marital finances and make sure they're protected? There are lots of reasons, and we'll explore them in upcoming blogs. (If you can’t wait, buy a copy of the book today.)
But you can start protecting yourself from a financial blackout by asking yourself the following questions:
*Do I understand my marital finances?
*What do I need financially to feel secure?
*How would I manage if I were widowed or divorced?
*Do I sign documents without understanding them?
*Do I know where all our financial records are?
These five questions will give you a head start on practicing financially safe marriage.
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