Relationships and Money

The BlackProsperity Road Map:

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Self Education- Knowledge is the key to successful wealth building.

Educate-Yourself to maximize your talent.

Career Planning-Plan the Career that is right for you. Discovering Your talents.

Money Management-Learn How to control your money.

Smart Banking-utilizing the full services of your bank.

Credit-Learn how to use it to your advantage and stay out of debt.

Investments-Learn about them to gain some money back.

Real Estate-A good start in investing.

Entrepreneurship-Owning your own business is it for you ?

Retirement- Don't be fooled what you do with your money dictates what kind of life style you are going to live. Weather it's Good, Bad Or Ugly

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Financial Questions to Think About in a Relationship or Marriage. 

One of the Good things about being in a relationship is that you are able to increase your savings and financial power two fold; the not so good thing is that if you do not talk about Financial matters before starting a serious relationship or getting married can create a nightmare in any relationship. There are so many changes that happens when you include another person in your life to share everything with, but many couples do not talk about their plans for the future and many can not come to a compromise when it comes to financial matters. Here are some things that you need to consider before and during an on going relationship to help the road become smoother for both parties involved.

Who is going to manage the money? the bill paying, investment research etc.. or is this going to be a joint venture.		Do you trust your partner when it comes to financial matters if No then why not?
If you are going to have children what kind of arrangements will be made		How much debt are being brought into the marriage or relationship
How often should we review or financial situation once a week once a month?		What are your joint long term financial goals?
Are you OK with your partners present financial circumstances?		How much spending or pocket money should each person have?
Should we have a joint account?		Who will be working? Will it be full time or part time.
Guardianship or custody		Will you have a prenuptial agreement?
These are some things to think about before and during a relationship, we know at times that things can get really rough but the best thing is to be prepared see luck favors the prepared. Utilize all tools and resources that you need to not only protect yourselves but also be ale to have financial peace of mind, with so negativity  going on in the world a household should be a place of peace and refuge. So each persons goal should be to create such a place. No one likes a house of discord.

Do you have a safe place for copies of all your important papers?
It is important  for both partners to have access of important papers in case of emergencies, one of the worst things in the world is to lose your ID or important papers have to  regroup after a tragedy or disaster unfortunately this is a way of life it could happen so preparation is important. here is some suggestions of important papers to keep so that you both can have access to them.
Social Security Cards of everyone in the household		Driver license, State Id's Auto registration
Credit card  numbers/ information		Bank Account information
All Insurance polices		Property titles
Memberships		Voter registration
Employee Records		Wills
Birth certificates		Tax information
Medical information		Retirement/Investment account info
Get a safe deposit box		Get a family fire proof  safe that bolt to the floor.

Should bills be split up 50/50 or should each pay a percentage according to their income?

If one party make $25,000 per year and another makes $17,000 per year, the combine income will be $42,000 per year. Divide $25000 by$ 42,000 and it will come out to around 60% next Divide$17000 by $42,000 which is 40% this way it will be an equal share of each others income level. You know that you will be paying your true fair share. have a joint account for household expenses and have a separate account for personal, this is only fair even though you are together doesn't mean that a person still could not have their own personal account.

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