Tuesday, August 31, 2010

Getting up close and financially personal

Money may not be romantic, and 'when it comes to passion killers it is probably on a par with big pants,' write Karen Pine and Simonne Gnessen in 'Sheconomics' (www.landmarkonthenet.com). However, if your relationship has reached a point where your toothbrushes are cohabiting and your plans extend beyond next weekend, you just can't ignore finance, they urge.

Sharing intimacies
So many of us are scared to bare all when it comes to money, but financial intimacy does not mean exposing all your money secrets to another person, the authors explain. To those who think that it is better to turn the light off and not mention it, to be secretive about you earn and what you owe, and to remain cagey about what you can and cannot afford, the book has guidance on how to get up close and financially personal with yourself and your loved ones.

What are the advantages of sharing financial intimacies? Many, as the authors list: One, you can be comfortable talking to others about money; two, you will be able to plan towards future goals with a partner; three, you can be confident enough to raise any money issues with your friends or partner without getting emotionally charged; four, you will be respectful of your own needs and financial limitations and not led by others?

Full review here Hindu

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