3 Money Mistakes That Couples Make

money mistakesWhether you’re newly wed or about to celebrate your silver anniversary, there’s a good chance you’re making serious mistakes managing your money as a couple.

After talking with countless men and women about money and how it impacts their relationships, David Bach, vice chairman of Edelman Financial Services, has identified the many mistakes that recurred, time and again. They’re all profiled in his new book “Smart Couples Finish Rich: 9 Steps to Creating a Rich Future for You and Your Partner.” Three of them follow here:

No protection plan

Bach said that too few couple have a will. “50% of couples don’t have a will,” he said.  Read More…

This article has 7 Comments

  1. Hailey D

    Have to agree that the biggest mistake is that most couples just don't want to think about their mortality and the thought of a will. I am the same way. And i too am in the same boat. can't bear the thought of not being with my significant other. 🙁

  2. Justus I

    Risk is good (one of the 3 mistakes) but not educated risk.

  3. Yardley

    The biggest mistake to me is marrying too early. I think it is a society think that pressures young couples to get married far too soon before learning more about each other.

  4. Marco C

    If there were only 3 mistakes this would be a perfect society. This is way too simplified. I agree those are big mistakes but not the only critical ones. Still an interesting read. Thanks.

  5. Kaylen

    Depends on how much income you are making. These 3 problems are less of a concern for people in the lower bracket. Just saying.

  6. Ishaan B

    Hey at least i am not old enough to worry about such things. Maybe in 10 years i'll care. But then maybe that is probably the problem since i am not taking it seriously now before it's too late.

  7. Kade

    Why don't more couples have investment accounts?
    Best decision i ever made. Especially RESPs.

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