4 simple pieces of financial planning advice for parents

Enjoy the following guest post by Sara Bailey with financial planning advice for parents.

When Sara lost her husband, she quickly learned there is no handbook for those who have lost a partner and suddenly find themselves raising children on their own. She created TheWidow.net to support her fellow widows and widowers.

Sharing your life with a spouse or domestic partner isn’t always a walk in the park, especially when you add children into the mix. According to the Institute for Family Studies (IFS), approximately 49 percent of married couples with young children regularly fight about household chores and responsibilities—and about 43 percent argue about money. Interestingly, dual-earner couples are more likely to argue about money than those with one breadwinner and one stay-at-home parent.
 
While couples with children tend to argue about money for a variety of reasons, there are several things you and your partner can do to alleviate financial tension, reduce stress, strengthen your relationship, and build a stronger financial future for your family. Arguing isn’t necessarily a bad thing but creating a good financial plan will help you and your partner to address your money concerns in a more productive way. For some simple tips that will help you and your partner to build a healthy financial plan for the future, read on!

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