What Couples Need to Know About Love and Money

If you are in a romantic relationship with another person, money and finances are something you have probably discussed at one time or another with your partner.

This topic was on the mind of Julie Beckham, Rockland Trust’s Financial Education Officer and host of the  No Shame in this Money Game podcast. In a recent episode, Julie chats about love and money with Melissa Whish and Erica Ford of Four Winds Advisors LLC. Melissa and Erica are attorneys with decades of experience in family law and alternative dispute resolution.

Tune in to hear Julie and these experts discuss:

• Money is the top subject married couples fight about
  It may not surprise you that money tops the list of topics that cause disagreement in couples. Many have strong negative emotions, such as shame or frustration, around finances that can cause disruption in a relationship.
  
  

The Psychology of Money: Why Money Elicits Emotion

• What is a postnuptial agreement?
  Prenuptial agreements, or an agreement about assets before a marriage in the event the couple breaks up, are pretty heavily featured in pop culture as a way to protect money and other assets. But have you heard of a postnuptial? This written agreement is created after marriage and settles assets in the event of a divorce or separation.
  
• Why mediation might be a good route for a breakup or divorce
  If you and your significant other have decided it may be time for a breakup or divorce, you may consider the mediation route instead of going to court. Mediation can be an affordable, and often more amicable, alternative.
  
  

How to Prepare Financially for a Divorce

Each month, new No Shame in this Money Game podcast episodes feature Julie discussing key, relevant financial topics with various local experts. Check out previous episodes here.

Our banking experts at Rockland Trust have worked with thousands of local couples and families to achieve their financial goals. The Learning Center is a great place to find resources for couples, including budgeting for a wedding, what to consider if you plan to have kids, and how to make the most out of retirement.