“Money may not be able to buy you love, but conflicts about it can certainly bankrupt your relationship.”
Here at last is the lowdown on how to manage your finances with the man in your life. Money is the #1 problem couples fight about, says beloved Washington Post financial columnist Michelle Singletary. Acknowledging that most fights about money are usually about something else–like feelings of fear or resentment–Singletary stresses the value of open dialogue. In her trademark no-holds-barred style, she shows us how to handle the entire range of financial issues couples face–from splitting the dinner bill when dating to planning for retirement together after years of marriage.
Singletary speaks to the hearts of women as they try to successfully merge their money and future security with those of their man. Acknowledging the emotional weight of shared investments, she brings her own experience as a wife and mother to the table and doles out advice in a voice that, while encouraging and rational, is never less than frank on tough topics.
From sizing up a potential mate’s financial responsibility (or lack thereof) to figuring out how best to share bank accounts and expenses once you’ve made the leap, to determining how to teach your children about money, Your Money and Your Man focuses on the undeniable role that finance plays in every stage of a long-term relationship.
Including typical questions from readers of her syndicated column and advice from one of the savviest financial experts she has ever known–her grandmother–Singletary shows women that they can live happily ever after with Prince Charming, even if he doesn’t have a royal bank account!
One test of a really useful personal finance book is how far you get through it before you have the impulse to put the book down to start acting on its advice. In the case of this volume by Washington Post financial columnist Singletary, it's all you can do to keep reading as she presents tip after tip. Divided into sections that deal with particular life events (dating, marriage, children, divorce, etc.), the book presents advice on everything from when to share financial details with a potential mate to how to fix your credit rating. It also provides lots of useful information for beginners, explaining, for example, the difference between an index fund and a managed fund. Singletary's tone is refreshingly straightforward; though she's lively and opinionated (she's against pre-nup agreements, for example), she resists preachiness and concentrates on providing detailed counsel on how to develop good financial habits. But the book's main attractions are Singletary's excellent advice on how to find financial compatibility with husbands and boyfriends and her suggestions for maintaining effective communication about finance throughout a relationship.