by Terry and Deborah Owens, On a recent Wealthy U News One segment on News One Now with Roland S. Martin, we discussed couples and money and how to get past financial stumbling blocks and build wealth together. One of the points that Roland made that I whole heartedly agree with is that, “Some couples manage their money like they are room mates in case things don’t work … [Read more...]
BMWK Cruise: The 3 C’s to Managing Love and Money in Your Marriage
by Terry and Deborah Owens Love and Money was the title of our workshop on the Black and Married With Kids Cruise and imagine our surprise to arrive home and find a new Couples Retirement Study from Fidelity Investments. It drives home the same message we delivered to the more than 70 couples that sat in the audience eager for knowledge: “Go Back To Basics With The Three … [Read more...]
5 Questions You Must Answer To Build Financial Intimacy in Your Marriage
Marriage is not only an emotional commitment, but it is also a financial one. When you decide to share your life with another person, you implicitly agree to share in collective expenses, liabilities, and windfalls. Whether you are recently married, recently engaged, or are a seasoned married couple, make sure that your shared financial goals will safeguard your family’s … [Read more...]
What if the Woman is the Breadwinner?
What are your thoughts when you hear that a married woman is the breadwinner in her home? Be honest. Do you think, “wow, that is awesome… she is doing her thing?” Or, do you think, “why the heck is she the breadwinner… what is her husband doing?” My husband and I both work outside of the home. He makes more money than I do. To be honest, he always had. I have never had … [Read more...]
We Have Separate Bank Accounts; Don’t You?
"What's mine is mine and what's yours is ours." This is a popular phrase that many married women say when (playfully) explaining how they wish money would be divided in their marriage. When I got married five years ago, my husband and I made a brave decision in regards to money in our marriage. We decided that: "What is mine is mine, what is his is his and what is ours … [Read more...]