Does you partner understand your finances?

Investopoly · Sep 25, 2019 · 12m

In my experience, it is common for one spouse to have a greater interest in the family’s finances. In fact, the spouse that is ‘most interested’ typically takes fully responsibility for making the family’s financial decisions. However, there are some fundamental and important flaws with this approach which I’d like to share with you.What happens if one spouse unexpectantly passes away?If the spouse that is the ‘financial decision-maker” passes away, particularly if it’s unexpected, it does cause the surviving spouse a lot of stress and worry. Not only do they (probably) have little knowledge…