How To Understand Your Spouse’s Views On Money

Handling Finances In Marriage

Lesley-Anne Scorgie is the founder of MeVest, a money school helping North Americans reach their financial potential. She’s also the bestselling author of Modern Couple’s Money Guide, Well-Heeled and Rich By Thirty. Follow her @LesleyScorgie

The Modern Couple's Money Guide: 7 Smart Steps to Building Wealth TogetherWhat causes trouble in paradise isn’t who picked up their socks or took out the trash (though those things can be annoying too). It’s money; how it’s spent, saved, invested and given.

According to Capital One, 8 in 10 couples fight about money and nearly half feel their partner’s attitude towards money is different from their own. Monetary philosophies are deeply rooted in a person’s values, thus financial compatibility is as important as personality. “Money problems” are cited as a leading cause of divorce and are rarely about money. They’re representations of issues like independence, greed, trust, respect, and commitment.

Take for example a couple where one partner is a compulsive spender and the other is a saver. The saver is bound to feel like their honey is putting the couple’s dreams for the future in jeopardy just to keep up with the latest and greatest cars, clothes, shoes, home décor and more.

Meanwhile the spender has a YOLO attitude and thinks their penny pinching partner is a cheapskate.

How To Understand Your Spouse and Their Views On Money

In this scenario financial brawls are inevitable unless the couple learns to bridge their financial gaps by understanding your spouse and where their views on money came from and by working together towards common financial goals.

Play As A Team

Teamwork and financial boundaries are critical when planning your future with someone. Though you may not like to deal with financial matters, it’s irresponsible to ignore them. Consider the task of checking-up on your finances like regular maintenance on your car. If you care for your vehicle, it will run smoothly and for longer than if you neglect it. You don’t want to find yourself in a bad financial position you weren’t aware you were creating.

Financial ‘chores’ like paying bills, and buying stocks should be shared equally and each partner should be able to perform EVERY financial chore. Just imagine the chaos if your partner got hit by a bus and was in a coma for a month. What would happen if your mortgage was up for renewal or you needed to pay your VISA bill? Would you be equipped to handle those tasks?

The team approach is also necessary to build wealth, which requires couples to play the exact same game that wealthy people play – to keep what they’ve worked so hard to earn.


The tool that governs the financial boundaries any couple sets in their relationship is a mutually agreed upon budget. It allows you to spend less time worrying about money, and more time on your relationship. And, rather than being restrictive, you can incorporate affordable fun.

Get comfy with your partner, pull up a spreadsheet and identify all sources of income: employment, government support, your “side-hustle” (no, this isn’t dealing meth, it’s a second source of income). Move on and list expenses like mortgage payments, school fees and car loans. Don’t overlook smaller purchases like coffee and banking fees. If you can’t figure out where your money’s going, keep ALL receipts for four weeks; then review. Determine what’s left over – subtract expenses from income. If you’re short, cut back. If you’ve got a surplus, congratulations; you need to save more.

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Cell Phone Insurance: Worth It or Wasteful?

Is Cell Phone Insurance Worth It ?

Is cell phone insurance worth it? Experts are divided on whether cell phone insurance is little more than a profit machine for cell phone carriers or if it’s actually useful for folks who want to avoid the high cost of device repairs and replacement. If you’re prone to breaking or losing your electronics, then cell phone insurance might be worth it for you. Otherwise, as the Wall Street Journal says, an extended warranty on your gadget is a waste of money. Is Cell Phone Insurance Worth It? Could cell phone insurance be worthwhile for you to add to your monthly phone bill? Let’s explore some of the ins and outs and see if cell phone insurance is worth it before you … Read more

Top 3 Incredibly Easy Ways To Save Money Shopping Online

shopping online

News flash – I’m super cheap. I guess that it comes with the territory of being a personal finance blogger. I’m always on the hunt for ways to save money shopping online. I end up stalking brands and items I’m looking to buy online, looking for the best deal. I often have buyer’s remorse especially with large purchases. I always think that the seller has the upper hand in pricing and a great deal is just around the corner if I’d keep looking. But, there are ways that you can save money shopping online. Here are a few easy ways that you can ensure that you get the best deal when shopping online. How To Save Money Shopping Online Get … Read more

Important Saving and Investing Tips You Should Follow Today

As members of the working class, we spend most of our time at work making money so we can pay the bills, put food on the table, and treat ourselves once in a while. To be able to live comfortably, one important saving tip is to somehow increase our source of income and to cut down on our spending. 

The good thing money is, it is never too late for anyone to start saving and investing—whether you just got out of college or someone in their late 50s, you will find each and every tip on this article very helpful if you wish to live a more comfortable life and secure a brighter future free from debts and other unnecessary financial obligations.

 Important Saving and Investing Tips You Should Follow Today


Do not rush and start small

It is important that you start out on a financial goal that is easy for you to achieve. You can start by allotting $30 from your monthly paycheck to establish your emergency fund in cases that lead to inevitable expenses—such as if your car needs some repair, you unexpectedly got laid off, or you need money for medicine.

Set aside a small portion of your paycheck every month until you are more comfortable saving a bigger amount. This emergency fund must not be kept as a long-term asset but instead in savings account or money market account that is highly accessible for you in case of emergency.

Do not spend more than you can earn

Ask yourself these questions: (1) Do I spend more than I can actually earn? (2) Are my debts starting to accumulate out of hand? If you answered yes to either of the questions, then you are probably overspending. To be able to live comfortably, one must learn how to live within one’s means. List down your expenses and take a moment to think what needs to go and what needs to be prioritized.

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Is It Ever Okay To Negotiate On Rental Prices?

Is It Ever OkayTo Negotiate On Rental Prices?

Is It Ever OkayTo Negotiate On Rental Prices?When it comes to renting an apartment, most people are happy to accept the list price, which has been good news for landlords over the past six years or so thanks to the US housing boom. But, is it every okay to negotiate on rental prices?

However, several analysts suggest that the market is cooling down due to a lack of demand and recent construction surges. As a result, landlords may be more willing to drop their rental rates, with some even offering concessions.

How To Negotiate On Rental Prices

But, even if it is now ok to negotiate on rental prices, how can you get the best deal? Well, start by identifying potential properties on before giving the following tactics a go.

Conduct some market research

After you’ve found a potential property, keep looking for comparable listings in the local area, pick out the cheapest options, and approach your landlord with this information. They might need to accept the fact they are asking for too much and consequently yield.

You can also cite the latest statistics on rental vacancies, which the US Census tracks on a quarterly and annual basis, breaking them down into municipal, state, and national trends.

Talk with the landlord face-to-face

Although you will want to stand firm with your negotiations, you must be as polite and friendly as possible too. This is much easier if you are discussing the rental rate with the landlord face-to-face.

Getting the landlord on your side and striking up a rapport won’t be as difficult in person either. Try to find out what they want in a tenant and convince them you are the ideal candidate before moving onto a discussion about the rent.

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Three Solutions to Save Our Savings – Empire of the Fund

Lending Club Passive Income With Automated Investing

The following is a guest post is by Professor William Birdthistle, author of the new book, “Empire of the Fund: The Way We Save Now“. You can find out more about Professor Birdthisle and his book at

Empire of the Fund is an examination of the way we save now.  For a video précis of the book, here is a short trailer:

Over the past thirty years, America has embarked on a grand experiment – perhaps the richest and riskiest in our financial history – to change the way we save money.  The hypothesis of our experiment is that millions of ordinary, untrained, and busy citizens can successfully manage trillions of dollars in a financial system dominated by sophisticated investments firms – firms that on many occasions have treated investors shabbily. 

As ten thousand baby boomers retire from the workforce each day and look to survive for almost two decades largely on the mutual funds in their individual accounts. We will soon learn whether our massive experiment has been a success.  And if not, we will soon also discover just how large the costs of failure will be.

Three Solutions to Save Our Savings – Empire of the Fund

The End of Pensions

Empire of the Fund by William BirdthistleA generation ago, large numbers of Americans enjoyed the support of pensions offered by their employers.  Pensions, of course, guarantee their beneficiaries a steady stream of payments from their retirement until their death.  Together with the benefits of Social Security, pensions provided secure retirements to millions of working Americans.  The golden age of the pension, however, is effectively over.  And it may never have been all that gilded, as not once in the past thirty-five years did more than 40% of American workers ever participate in such a plan.

Today, the benefits of Social Security and pensions are alarmingly inadequate.  The average monthly benefit for retirees from Social Security is now $1,335, or just over $16,000 per year.  Pensions, meanwhile, have rapidly disappeared from our economic ecosystem: public pensions are underfunded by trillions of dollars, and the number of U.S. private-sector workers covered solely by pensions has fallen to just 3%. 

Americans in the future will have to support themselves far more on the success or failure of their personal investment accounts.

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