Your Secret Fund

wealthymattersAs a Divorce Financial Strategist, Jeff Landers has helped many women and their divorce attorneys decide on the most advantageous way to divide marital assets, compute alimony and negotiate more favorable settlements.

Here is his advice:Married women need to keep more control of their own money by maintaining a separate bank account,one that their husband has no access to and maybe doesn’t even know about.There are several advantages to keeping this kind of “secret” fund, but there are a few potentially significant pitfalls, as well.Every marriage is different, and every woman has to decide for herself what may or may not work in her particular situation.

Pros of keeping a secret fund:

It’s secret. Having money that your husband doesn’t know about can be very powerful emotionally, as well as financially.These days, many women are years into lucrative careers when they marry. If you gave up paid work to devote time to parenting and household management, however happy a decision that is, you may have taken a significant blow to your well-earned independence and self-determination. Maintaining a financial reserve that is all your own can help alleviate that sense of loss. Read more of this post

%d bloggers like this: