Financial literacy is more important than ever for couples

first_imgCombining assets is a societal norm as old as the tradition of marriage itself. But many couples are finding trouble in paradise before they ever reach their honeymoon.Couples are not only deciding to share space before marriage, but according to a new Credit Karma survey, they are also combining finances.Credit Karma reported half of millennial couples are consolidating finances, yet more than a third rely on credit cards. Now may be an ideal time for credit unions to prove their financial expertise to this young and in love demographic.How  unions can facilitate stabilityWhile it’s widely known that financial issues are the most common cause for divorce, the “why?” is still being debated. Conflicts over financial secrets, spending habits and not understanding each other’s “money memories” all contribute to the poor decisions newlyweds often make around their finances, writes LearnVest. continue reading » 17SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

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