September 30, 2011
Mexico Lawmakers thinking of a way to help newlyweds: An easy exit strategy by providing a temporary marriage license. Looks like "The minimum marriage contract would be for two years and could be renewed if the couple stays happy. The contracts would include provisions on how children and property would be handled if the couple splits". Wow, so as a couple is preparing to walk down the aisle, in the back of their mind they can already be thinking, I don't have to stay in this past two years. What happened to Love? For Better or For Worse? In sickness and in health? Till Death (not debt) do we part? Take a look at the full article here - Mexico mulling over a 2 year marriage If you were given this option would you take it? Weigh in!
September 29, 2011
Grooms listen up! Brides make sure you read this as well. A few days ago, I had the chance to hear this newlywed tell part of his story about being a groom, his education and the financial rollercoaster that ensued once he said I Do. Mind you, these things didn't happen because of his pending nuptials - BUT because his financial behavior, lack of information and same being true for the bride as well -- let's just say the wheels had already been put in motion. This young man shared how he had chosen the wrong college to attend. He went to college, yet the degree he received didn't put him in a position to be gainfully employed once he got out. There he was pounding the pavements looking for a job in another field or as some of you know, a job that will pay the bills in the MEAN TIME. Shortly after he got married (he didn't get into all the "GRITTY" details); however, from what he began saying about shortly after the marriage I could imagine what parts were left out. He went on to share that shortly after getting married there were financial problems and the house was going into foreclosure. They didn't have the money they thought they were going to have due to his lack of employment and it didn't sound like his new bride had a job that could sustain them. They thought they'd be able to do a short sale and that didn't work, so then he and his new bride ended up filing for bankruptcy. He went on to say it had been a rough year. Grooms and Brides this gentleman looked to be all of 22 years old. He seemed to be "glad" that part of his life appeared to be over because he was on the journey to a more stable job and would not be as naive this time around. He and the bride are still married and HAVE a MORE realistic view initially about money and marriage. Grooms: Do you know what's important to you when it comes to money and marriage? Have you talked with your bride-to-be about the financial goals that are important to you? If you and your bride need premarital financial counseling, contact Dr. Taffy via email at email@example.com . The LIFE and SUCCESS of your Marriage and MONEY depend on it!
September 20, 2011
You've heard the saying be careful what you ask for. NEWSFLASH: Be careful what you put in writing especially if you are of the mindset that you need a Prenuptial agreement. It always amazes me how people forget what they put in the prenup and then it comes back to BITE! Thinking BIG picture is key and with a clear mind. Granted we cannot see into the future; yet, I believe you should always be honest with yourself about who you are and your personality. Today's Celebrity focus when it comes to Money and Marriage is Michaele Salahi. Remember the White House Party Crashers. She's also on the Real Housewives of DC. Now its her turn back in the spotlight which I must admit, many of the cast that play on any of those Real Housewives of whatever city end up with some DRAMA! Let's call it what it is. Yesterday before a full day of meetings, I caught a brief discussion on The View about Prenups and Michale Salahi. Step in TMZ with the SCOOP as usual. What was in her PRENUP will cost her lots of money. Michaele Salahi will lose out in divorce Yes there may be some costs when it comes to the wedding; however, when you are getting divorced it costs you INVESTMENTS - not just money. Costs: Time in the relationship, different assets acquired and involvement with children (if children are involved). Is it worth it? When people get divorced there's more to it than just going to court and a judge granting the dissolution. Husbands and wives will go through their own share of emotions when it comes to this, there will be blame and sometimes regret. CAUTION: Don't be so short-sighted in your relationship that ends up costing you your mate.
September 19, 2011
Brides and Grooms: Have you heard it before, one of the most important factors that will help your marriage? You haven't? Good! Let me assure you, it's not another microwave, mountain bikes or even a downpayment towards the purchase of a house. It is something entirely different and can keep on giving throughout the life of your marriage. The investment doesn't cost nearly as much as the cost of your entire wedding, the venue or even the photographer - yet it will aid you in your marriage from day to day. Do you have an idea what this factor is? That factor is learning how to talk about money and establish mutual financial goals. Take a minute and think about all the couples you know that fuss to you about money and they are married! You already know that money is one of the top reasons for divorce. Learning how to talk about money and establishing mutual financial goals is a part of premarital financial counseling. Sure you may have thought about premarital counseling. Let me assure you premarital financial counseling is very different and can help you throughout the lifetime of your marriage. How many couples did you come up with 5, 10, 15 or more? Was one of those couples your parents or even siblings? How did they talk with each other or did they talk TO each other? Either way its bad - they should be talking WITH each other instead of what seems to beh the norm AT or TO each other without their being a mental connection; thereby resulting in mutual desire and looking at the big picture for their marriage. Have you noticed the difference in how you and your fiance think about money? I encourage you to go to BGMT store now and register for premarital financial counseling. Now is your opportunity to get a jump start on your marriage while everyone else is focused on the wedding. Go to http://www.brideandgroommoneytalk.com