Best Financial Advice for Wife

WEDDING sometimes end in divorce. Letting a hundred percent couples handle money is a risk that can make you vulnerable financially.

No one who wants to live life as though waiting for the explosion in the relationship. But, there are advantages for you to know some simple steps to protect themselves effectively if only appear uncomfortable situations.

Well, here are some financial advice for women married as quoted oprah.com website:

Open a personal account
If all the bank accounts and credit cards are made on behalf of the husband, you will be always dependent on him financially. Before doing anything else, first open a bank account and credit card on your own behalf.

Reading all the documents
Check carefully all tax documents, investment agreements, real estate contracts, and legal documents carefully. Get a credit report each year so that no unpleasant surprises about the debt situation of your family.

Determining ownership
Prenuptial agreements can protect the assets acquired after marriage, such as inheritance. Ensure that you are registered on the deed as joint owners.

Making financial decisions
Women who do not work sometimes feel uncomfortable participating in financial decisions. For self-protection, make sure you learned about how the money comes from and where the money goes.

Know Your Financial Advisor
Attend meetings with investment planner, lawyer, or accountant. If there is a problem, you will have the network needed to make important decisions.

Planning for the future
Make sure you and your spouse each have adequate life insurance and wills. Consider setting aside some money for long term care (because women tend to live longer than men).

Maintain professional network
Even though you are planning to quit her career to become a housewife, try maintaining the network and maintain good relationships with colleagues. When things happen unexpectedly, such as divorce or death, you still have a chance to rise up and become financially independent.
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