MANAGING ON YOUR OWN

The Analysis:

In some marriages, management of the marital finances, investment, budgeting and bookkeeping were primarily assumed by one spouse.  If so, then sudden transfer of these additional responsibilities to the other may either seem like more you can bear, or a welcome return of control.   You may also find that 100% management of childrens’ schedules, work commitments on top of daily chores put you over the top.  Figure out where you need help and the best way of getting it, even from your spouse.  You need not be responsible for everything.

The Recommendation:

Taking and making critical financial decisions is a tremendous step toward independence.  Decide what you need; who can help you, how and when you can get it done.  Set financial and other personal goals to achieve.  While you prioritize your daily obligations, keep your focus on the long term.

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