Each Friday, Women Who Money will share personal finance posts written by women on a variety of topics! This week, we are focusing on money issues in families and relationships! And we definitely have a ton of great posts to share!
If you’d like one of your or another blogger’s posts considered for “Today’s Best: Winning Women Who Money”, submit the link here.
We’d love to see unique takes on finance concepts. Or detailed breakdowns of your latest side gig or real estate investment. Share posts with recent money wins or financial blunders – so we can learn from your success or from your mistakes!
Winning Women Who Money
We’ll start this week with posts about how to have critical talks with your parents about their futures and money. They may be some of the most challenging talks you have in your life. But some of the most important too!
Jane Switzer wrote a great post for RateHub.ca on Tough but Crucial Financial Talks Every Family Needs to Have. She explains the “why’s” and how to go about the tough discussions on Wills, Power of Attorney documents, Advanced Health Care Directives, and Financial Record Keeping.
Mary Beth Storjohann, CFP and Founder of Workable Wealth also addressed this topic in her recent post, The Money Questions You Should Be Asking Your Parents. Is it awkward to ask your parents about money? Maybe. But it will be more of a problem not knowing where they stand when life events happen down the road.
Jenny is the GenX blogger from Good Life. Better. She shares four interesting tips on dealing with the taboo topic of death and dying with your parents in Talking to Your Parents About Their Estate Plans: Tips for Raising the Topic Naturally.
And what about money and love?
Are discussions about your finances taking a back seat to the excitement of a recent engagement or wedding?
Here is a series of posts to help you think more deeply about making money conversations part of your life together. Whether you choose to combine your money, keep it separate, or do something in between – you’ll see that communication is key to making your money plan work for both of you.
You’re in love and it’s hard to find anything wrong with your soon to be spouse. But the topic of money is worrying you. J at Their Money Goals shares Five Tips to Help You Talk About Money Before Marriage that can help save a lot of problems down the road!
Meet Emilie from Wise Mind Money! In this Valentine’s Day post, Emilie shares how she and her husband committed to Doing Money Together. Check out Emilie’s explanation of how they handled debt they brought into the marriage and how they handle surprises for one another when having joint accounts.
Mrs. Smelling Freedom is in the “what’s yours is mine and what’s mine is yours” camp too! After 20 years of marriage, she shares some of her feelings on how they learned to “do money” together and how keeping a focus on the future really matters.
For a couple who combines most (not all) of their finances, we turn to Revanche from A Gai Shan Life. Managing money with another human is no easy thing! But they’ve found a way to do Married Money. It works for them and it’s simple and easy.
Gym, the 30-something Gen Y wife and mom from Vancouver, British Columbia shared the post Splitting Finances When There is Income Inequality. Check out her GenYMoney blog and see how she and Mr. Gym split their finances and find happiness doing things their own way.
They’re “Smiling and Conquering” money in Sarah’s house by keeping their finances separate too. After 12 years of being together, they are still in the “separate finances” camp. Check out the good, the bad, and the ugly in her post on Combining Finances.
Here’s another post on how splitting up finances works for a couple. Jaye from Peace Out and In wrote – Yours, Mine, and Ours: On How Separating Money Works for Us (for now). Her story explains some important reasons why people want to keep money separate and the “merging money” evolution that can take place over time.
Maybe combining finances or keeping them separate is a bigger problem than you realize. Caroline from Money Scrap wants to know – Is Money is Keeping You in a Bad Relationship? This is an interesting read (and don’t forget the comments too!)
Are you seeking Financial Independence (and maybe Retiring Early)? If you are, trying to find your way together as a couple on that topic can be tough too! Check out this article by the FI Girl from FI Heroes on coming together and making decisions on the future – All Aboard the FIRE Train!
If you’d like one of your or another blogger’s post considered for “Today’s Best: Winning Women Who Money”, submit the link here.