Bankrate.com is running a great feature on financial tips for women, but one tip in particular caught my attention:
Train yourself to be financially independent.
Uh-oh. I think my wife and I need to have a talk. And it gets worse…
While women are the ones who handle most of the day-to-day finances, the majority of women leave long-term financial planning to their husbands. Mistake.
Right now, I’m handling the day-to-day and long-term financial planning. This isn’t looking good.
Get an idea of exactly how much is coming in, where it’s going and what the two of you are saving or investing for specific future goals.
Okay, okay! I get the idea! After this Blog Marathon is over, I’m going to spend some time with my wife and go over our present financial situation and where I expect we’ll be in the coming years. And I would advise any husbands reading this to do the same with their wives.