The following is a guest post from CollegeMom at ConsumerFu.com. If you are interested in guest posting at Club Thrifty, please see our guest posting guidelines.
One of the biggest mistakes couples make is allowing love to render them financially stupid. We’re so afraid of hurt feelings, we fail to sit down and talk about money. We talk about how many children we want, at what age we want to retire, where we want to travel and all sorts of other hopes and dreams. What we don’t do is use common sense to guide discussions about money.
Will you continue to have separate finances after marriage? How much insurance will you buy? Who pays which bill? Will you have joint savings accounts? Will you contribute equally to your IRAs even if one spouse earns twice as much? How will you handle inheritance – expected or otherwise? [Read more...]