If you and your spouse argue about money, consider having separate finances. It might be the best way to keep your relationship intact. Normally, I recommend that couples keep their finances together. It’s easier to track spending and savings. It’s also easier to plot a course for the future. But sometimes this is terrible advice. [...]
I recently received an e-mail from a loyal Pilgrim, “K,” asking how marriage and credit impact each other. Seems K has a high credit score but soon-to-be “Mr. K” doesn’t. She wondered if marrying this gentleman would hurt her. The short answer is, “no.” You each have separate credit scores and remain in your own credit score [...]
The death of a souse doesn’t have to mean financial ruin. If you’re married you should get prepared financially for the death of your spouse. I’m not trying to be morose. I’m trying to get you to be realistic. If you heed this advice, only good can come from it. At least nothing bad can [...]
Do you agonize about getting credit cards for kids or young adults? It’s not a simple issue. Sooner or later, your children are going to be tempted to spend money they don’t have. You don’t want them to roll up in a new car and tell you all about the low monthly payments (they can’t [...]
Do you need a QDRO attorney? Before we get to that, let’s really understand what a QDRO is. This is basically a document issued by the court that orders how retirement assets are to be divided between you and your (soon-to-be) former spouse. A QDRO (Qualified Domestic Relations Order) used correctly can protect [...]
If you’re thinking about divorce, you’re probably thinking about the cost of divorce too. On the bright side, if you and your spouse can find common ground, you can get this done for less than it costs to paint your car. But if you don’t find common ground, there’s a chance you and your spouse [...]
This guest post is written by Silicon Valley Blogger, who runs The Digerati Life, a general personal finance blog. I’m really honored by SVB’s contribution. Her blog was a major inspiration for me when I started Pilgrim and it still is. I’m sure you’ll enjoy reading this as much as I did. So what do [...]
I want you to do yourself and somebody else a favor before you fire up that monster barbecue today. Send a care package to our soldiers serving us overseas. My wife organized such a campaign at the school she works at. Turns out our mail carrier has a son serving overseas so she sent him [...]
If you want to protect your retirement funds during your marriage, it’s not difficult to do but you have to be proactive. The average cost of divorce is astronomical and it doesn’t even include what you lose when you split up your IRAs and 401ks. That’s why it’s so important to take these steps. [...]
When I was growing up, I couldn’t stand Mother’s Day. I really couldn’t. I didn’t like it ever since my mom passed away (I was in high school at the time). You can read my story to learn more. I was jealous of course…but mostly…just sad. Later on, when I got married and we had [...]
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