Planning Ahead Together: Joint Money Management

Partners in successful marriages and other long-term relationships often settle into a division of household labor based on abilities, affinities, and tolerances. It is usually easier on both to divide the to-do list into yours and mine and attack the chores individually rather than trying to do everything together. This can be a highly effective strategy, but when things go wrong – one spouse becomes ill, has an accident, or dies unexpectedly – the other spouse may find himself (or herself) responsible for tasks he doesn’t know much about. This can cause even well-laid plans to go awry.

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