Wednesday, July 22, 2009

Recommendation from Macaire

Financially Ever After:
The Couples’ Guide to Managing Money

by Jeff D. Opdyke

Whether tying the knot or deciding to cohabitate, hammering out financial issues is a major part of setting up housekeeping. Opdyke, the Wall Street Journal’s Love & Money columnist, covers a broad range of topics in a plain, no nonsense fashion that is accessible even to those who have never cracked the spine of a personal finance book.

Beginning with Section One “Money Matters Before Marriage,” Opdyke outlines the ten questions every couple must ask, and why. These cover everything from discussing each partner’s financial history and aspirations to who needs a prenup and who buys the engagement ring. Section Two covers "Money Matters After Marriage," including budgets, debts and savings. Opdyke gives a lot of space to the topic of money and emotions, the big sticking point in many relationships.

Overall, this is a good primer and starting point for conversations that are important to have whether you are merging households for the first time or the fifth.

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