Review of 'Your Money and Your Man'
By: Adrienne Urbanski for AOL Coaches
Most of us walk into relationships blinded by romance, without giving even a single thought to the matter of finances. However, according to Washington Post columnist Michelle Singletary, money winds up being the thing couples fight about most.
Singletary's book covers every financial decision made while going down the relationship road; from who pays on the first date, to budgeting for a wedding, to planning for college for your future children. Marriage, Singletary believes, is not the time to start taking your mate's finances into account, but rather, something that should be examined right from the start.
Single girls waiting for Mr. Right to come along before starting their financial planning are also offered advice from Singletary. Should you wait until you get married to make major financial decisions? Singletary says no, because the reality is that Prince Charming may never come. Using specific scenarios and tips, she advises instead that you begin your financial planning now, instead of waiting for a husband come along so that you are prepared for the future, no matter what.
While many financial self-help books often come across as cold and formal, Singletary uses a warm and personal tone, peppered by anecdotes from her sage grandmother known as "Big Mama." This unique approach makes the reader feel like they are receiving advice from their well-informed best friend. Even those who have made a few financial missteps down the line will feel consoled and comforted by Singletary's advice, not scolded or guilt-tripped.
Singletary believes that total financial honesty is necessary for a lasting marriage. She provides examples of marriages that have failed due to secret checking accounts and dishonesty about spending habits and debt. She advises that couples exchange credit reports before they exchange vows. By using quizzes, checklists, and step-by-step planning guides, Singletary makes it clear and easy for couples to make a full assessment of their financial status. Singletary provides detailed advice for married couples beyond the joint checking account; helping you to plan a wedding budget, buy a home, or save for future children.
Of course, Singletary doesn't believe that one should sacrifice love in the name of finances. She provides advice on how to help a significant other with debt and poor credit, without dragging your own finances down. Regardless of where you are in your relationship, or just how financially-challenged your Prince Charming may be, "Your Money and Your Man" has valuable advice for you.
