How To Financially Fortify Yourself As A Wife

October 16, 2019  |  
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marriage and finances advice

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Nobody wants to think that their marriage would go down the drain, and so nobody wants to prepare for such a thing. It’s funny because, we completely understand the need for insurance in other areas. We buy car insurance, obviously hoping to never be in an accident, and driving safely to minimize the chances we meet that deductible. We buy health insurance, and do all we can to avoid having to rely on it, like getting those checkups and living a healthy lifestyle. Just because we know we can count on ourselves to live in a way that should make it so we never or rarely need insurance in other areas, we still understand the importance of insurance. So, why not in marriage? If you were to get a divorce, the last thing you would need in addition to the emotional turmoil would be complete financial devastation. Here are ways to financially fortify yourself as a wife.

marriage and finances advice

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Have your name on the home

Perhaps, due to your income or credit score, you and your partner decide that only he should be on the home loan. That’s fine, and quite generous of him to take that on. But your name should still be on the deed of the house. Otherwise, getting any sort of equity in it in the case of a divorce will become a serious battle.

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