How Unmarried Couples Can Protect Their Finances

The Money with Katie Show

Money with Katie

Self-improvement, Education, Business, Investing, How To

4.8 • 1.3K Ratings

🗓️ 11 November 2024

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this week’s Rich Girl Roundup, Cassie asks what financial considerations she should discuss with her long-term partner and co-parent. Katie and Henah review the financial advantages of legally marrying, and how to potentially work those benefits into a different type of legal agreement. They are not certified financial or legal professionals; please do your own due diligence. Rich Girl Roundup is Money with Katie's weekly segment where Katie and her Executive Producer Henah answer your burning money questions. Each month, we'll put out a call for questions on her Instagram (@moneywithkatie). New episodes every week. Transcript, show resources, production credits, and more can be found at: https://moneywithkatie.com/unmarried-finances. Money with Katie’s mission is to be the intersection where the economic, cultural, and political meet the tactical, practical, personal finance education everyone needs. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:27.3	Get started today at constant contact.com.
0:32.2	Rich girl, Rhonda.
0:37.1	I was riding a mower at like 12 years old.
0:39.4	We had a running.
0:41.3	I had to go out in circles.
0:42.9	I got dizzy and I ran it to a tree.
0:52.3	Welcome back to the Rich Girl Roundup Weekly discussion of the Money with Katie show. I'm Katie Gatty Tossan, and on Mondays, my executive producer, Hennah, and I use this segment to talk through listener questions, money stories, and more. More because I want the freedom to shoehorn whatever the hell I want into this segment.
1:13.2	So we will do that right after a quick break.
1:19.6	You want a home soon, but you also want kids someday. So how do you balance both financial priorities?
1:29.9	Emma and Tom weren't sure how much they could afford to buy in New York City, given that child care was going to be a major expense one day.
1:35.4	But by working with the flat fee CFP at Domain Money, they learned exactly how much they would need
1:40.3	to save for a more affordable home and to allow for quality child care.
1:45.1	And get this. If they had stayed their previous course, their original budget would have
1:49.5	been overextended by nearly a quarter of a million dollars. And instead, they're avoiding
1:54.9	expensive mistakes and they're set up for long-term financial success. If there is a large
	...

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