According to an article on CNNMoney.com, a growing body of research shows that married couples are astonishingly clueless about many aspects of their financial life together. In a recent poll, four out of five respondents revealed that they hide purchases from the one they love.
See the video here - Your spouse’s money secrets: They ask couples point blank just how much they know about each other’s money.
The solution — talk to each other. The topics the article suggests you discuss are:
1) All sources of income — not just base salary.
2) Savings and investments — do you know exactly what the other has?
3) Any debts or obligations — this is a big one in long term financial planning.
Read the full article here.
How much do you know about your fiance’s finances? If you’re already married, how much do you know about each other’s fiances?