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Love and money: Tips to protect your money if you break up
· 01.04.2024 · 21:01:24 ··· Montag ⭐ 0 🎬 0
📺 Yahoo Finance
Finance problems are one of the leading causes of divorce. Zilennial finance expert Haley Sacks (@MrsDowJones) joins Wealth! to discuss how to navigate money and relationships.
When it comes to combining finances, Sacks outlines three strategies: percentage-based splits, the wealthier partner “paying for everything,” or the “Dwayne Wade-Gabrielle Union split” (50-50).“A prenup is right for everyone,” Sacks adds. She views the legal arrangement as a way for Americans to audit their finances and bring transparency to their partnerships.
Lending money to friends and loved ones can be another source of interpersonal financial discomfort. “Whenever you lend someone money, you have to basically assume you’re not going to get it back,” Sacks says. For this reason, it’s important to take time to review your finances and devise a contract with the loved one seeking funds, she explains.
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· 01.04.2024 · 21:01:24 ··· Montag
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