Share financial information with your spouse now to avoid problems later

Via Consumer Financial Protection Bureau

By Erin Scheithe

It’s common for couples to share their financial lives but not the responsibility for managing household finances. It might be time-consuming for both of you to review your bills, as well as spending and savings plans each month. But if responsibilities unexpectedly shift due to a sudden illness or loss of a spouse, getting up to speed quickly could be challenging for the person least familiar with handling the family finances. Without the help of the person who has always handled the money, the one left in charge will face major headaches.

Grab your partner now and get started sharing your family financial picture to better prepare for the future.

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