Separate or Joint Accounts in Marriage
In this Show
Grant Cardone and Elena Cardone discuss the how to handle money in your marriage. Many couples are pulled in different directions taking care of kids and managing their business success. Grant and Elena offer tips and insights based on their own reality, challenges and successes in their day-to-day lives. Their banter is relatable, entertaining and informative.
On today’s episode Elena and Grant provide tips on how to manage the delicate blend of love and money. It’s a very important topic in any relationship that must be discussed openly with clear purpose. G&E site a Forbes magazine article, “5 Financial Tips That Ruin Your Marriage” which reported that most marital strife comes when materialism is valued more than the marriage, when there are conflicting values about money, when traditional roles are adopted that do not fit, having opposing spending styles, and not having a long term plan in place.
Grant offers these key steps couples in relationships should take to ensure their financial futures are on point.
1. Decide who is in charge of the money.
2. Have separate accounts with a clear purpose for each.
3. Agree on the spending. Establish where the money will be spent, on what and how much.
4. Get to the WHY! Why do you want money? Agree on the bigger goal.