Keep Your Money In Balance
Money Keeps US Out Of Balance
Here's a simple rule about money and relationships....
When you are in a relationship NEVER lend the
other person money unless you consider it a gift.
Lending money often makes no cents/sense.
Too many clients have reported that they lent money to partners for, a car, a business, to pay bills, a vacation, after which the relationship ended and they never saw their money nor partner again.
Do not co-sign a loan or mortgage or any financial agreement that you will be obligated to pay back.
Let's talk about a Prenuptial Agreement .... In the case of two people marrying and building a life together, then later on getting a divorce, assets should be split. A pre-nuptial agreement protects someone in a situation where lots of money is involved. It is usual best in second marriages ... or third marriages...etc.
As for debts incurred during a marriage, they should be paid by the person who created the debt or split by the couple when some of the debts are about the home and family.
Many people suffer from CSD, Compulsive Spending Disorder. If you share finances with such a person, watch out for hidden expenditures that show at the time of divorce.
Sadly too many people co-sign for credit cards and loans with partners, only to discover at the time of divorce that thousands of dollars are owed, and their credit is now destroyed. This can lead to bankruptcy.
Forging Checks ...People sometimes forge their partner's signature and take all the money from a bank account or other securities and investments.
When all is said and done...it all comes down to money, who gets what and how much they think they deserve, this applies to lending money to family members as well.
Please do not mix Love and Money!
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