Friday, November 13, 2009
Do not let money ruin your honey
By Jameel Murray
Money issues are often cited as one of the top reasons for divorce in the United States. Recently, Shaquille O’neal and his long time wife Shaunie O’neal filed for divorce. Shaunie O’neal claimed that her former husband hid and kept money away from her while the Cleveland Cavaliers star claimed his wife mismanaged funds which included her buying a house for their personal trainer. The couple did not sign a prenuptial agreement, which would give Shaunie O’neal half of the couple’s assets. This story is yet another example of how important financial responsibility is to keeping a healthy relationship.
Managing finances as a couple is extremely important. Whether a couple both are financially well off or not, differences in the money management of a couple would cause major difficulties in a relationship. Money is one of the most sensitive subjects of any relationship. Studies have shown that the spouse that makes the more money tends to control all the financial decisions in a relationship. Many financial advisers suggest that couples have two separate checking accounts. This would allow both couples to individually manage their funds.