By MomOfAllCapes

financehero I am all about saving for a rainy day; too bad that rainstorm was the ending of my marriage.  I don’t think anyone ever plans to leave a marriage when they tie the knot.  I think most people, knowing the statistics going in, really believe they will be on the winning side of that 50-50 possibility of successful marriages today.

Even though love is blind, it’s important to understand a few things about it, fiscally.  Once your union is legally bound, so are your assets (unless some legal document has been signed between the two parties stating otherwise).  I would encourage couples to have a combination of joint and separate accounts as this provides a level of personal freedom, while securing the monetary responsibility each person has to the prosperity of the household.

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