SMART INVESTOR: 9 Money Talks You Should Have With Your Spouse

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		Home Tech Finance Markets Politics Strategy Entertainment Advertising Retail Sports Life Friday, October 25, 2013 9 Money Talks You Should Have With Your Spouse Advertisement Today's Smart Investor tip comes from certified financial planner Neal Frankle at Wealth Pilgrim.  Frankle points out that even if you're a careful planner who's great with money, having a spouse who doesn't understand investing or has a completely different money philosophy can easily sink your financial future. That's why it's important to get on the same page with your spouse on the major topics and decisions that will affect the quality of your lives. To get the process started, he suggests scheduling an hour each week to go over your financial situation. "Meet each week on the same day and time and calendar it," says Frankle. "This increases the odds of the meeting actually taking place." These are the nine money talks that Frankle recommends, which he and his wife followed: Income replacement Bill paying Reconciling bank accounts Budget tracking Important documents and contacts Life insurance Real estate Investments and investing Retirement Furthermore, Frankle suggests simplifying your shared finances by getting rid of unnecessary bank accounts, consolidating investments, and keeping relevant documents organized in a folder. You may also want to revisit these topics semi-regularly and consider hiring a financial advisor. SEE ALSO: 10 Money Lies That Could Wreck Your Marriage Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: dwyld.kwu.jobhuntportal11@blogger.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Your Money RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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