Money Without Matrimony

When you get married, figuring out the financial implications can be a challenge. Do you merge your money completely? Do you keep some or all of the accounts separate? And who takes care of which household financial chores? As difficult as marriage and money can be, things are even tougher for unmarried couples, both gay and straight. There are all sorts of legal, financial, and emotional issues, and it’s difficult for these folks to get good advice in a society that’s geared toward married couples.While researching Your Money: The Missing Manual, I stumbled upon a fantastic book from Sheryl Garrett and Debra Neiman (both of whom are certified financial planners). In Money Without Matrimony (Dearborn 2005), Garrett and Neiman provide tons of advice to help unmarried couples plan their financial futures together.Unique problemsAccording to the 2000 U.S. Census, 5.2% of American households contain “unmarried partners”. Of these, 89.1% are male/female partners, 5.5% are male partners, [...]...
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[Source: Get Rich Slowly]