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Tuesday, 13 May 2008 |
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By Rachel Yoshida
It is so great to be young and in love. These days some couples choose to get married and some do not. There can be a big difference in the way that the financial situations are handled depending on the state of the relationship. When couples are married there is a sense of permanency even if that is not always the case. Sadly, divorce is all too common these days. Just because couples are only living together also does not necessarily mean that things will not be long term.
There are two different ways that couple finances can be done, jointly or alone. Some will decide to have only one checking and saving account, have all there money pooled together, and jointly sign leases and utility services. This will usually work out fine as long as the relationship is going well. In many relationships money can become the main source of contention and if there are other relationship problems as well, then it could get really ugly.
One of the easiest ways that many people avoid this pitfall when they get married is by signing a prenuptial agreement. Of course, when a potential |
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Last Updated ( Tuesday, 13 May 2008 )
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