Domestic Diversions

Money can’t buy me love?: Money matters to your marriage

The New York Times your smartest financial decision is marrying someone who shares your attitudes about money.

Tara Siegel Bernard writes (excerpt):
“A lot of the debates people have about money are code for how we want to live our lives,” said Betsey Stevenson, assistant professor of business and public policy at the University of Pennsylvania’s Wharton School, who researches the economics of marriage and divorce. “A lot of the choices we make in how we want to live our lives involve how we spend our money.”

Making those choices as a team is one of the most important ways to preserve your marital assets, and your union, experts say. But it’s that much easier when you already share similar outlooks on money matters — or when you can, at the very least, find some middle ground.

[Bernard discusses these guidelines:]

TALK AND SHARE GOALS

RUN A HOME LIKE A BUSINESS

BE SUPPORTIVE OF CAREERS

ENJOY, BUT WITHIN REASON

USE A MEDIATOR

MAINTAIN SOME INDEPENDENCE

INVEST IN YOUR MARRIAGE


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