Comments on: There is No Such Thing as Divorce Insurance – Why Financial Ignorance is Far From Bliss

By: James Altizer

James Altizer — Fri, 19 Jun 2009 19:17:16 +0000

This doesn’t make a lot of sense as it is almost always the man who loses financially in a divorce.

By: Gabrielle

Gabrielle — Mon, 28 Apr 2008 16:54:51 +0000

Oh my God! how right this article is. I am a highly educated, ‘”ntelligent” woman that put my financial power in the hands of my husband. I never thought I could get a divorce, and now at the edge of one I find myself, unemployed, no carreer, no savings, no house..nothing!!!! and with three children.. I know he will continue supporting the children..but, what about me? while I am looking for a job I still have to pay, rent, utilities, etc. what if a get sick? I wish I could have been smarter and prepared myelf for the unthinkable.. I feel like such a fool..

By: All Women Blogging Carnival is here! : redsultana.com

All Women Blogging Carnival is here! : redsultana.com — Wed, 02 Apr 2008 14:09:18 +0000

[...] presents There is No Such Thing as Divorce Insurance posted at SavingAdvice.com Blog, saying, “It’s important not to rely on your partner [...]

By: Barbara Stanny

Barbara Stanny — Thu, 27 Sep 2007 21:50:49 +0000

Bravo, Meredith. I love what you had to say.

You are so right: “financial ignorance is far from bliss.”

Studies show, however, that most women do NOT get serious about managing money until they hit a crisis…the worst time to start.

I’ve written a book on the topic: “Prince Charming Isnt’ Coming: How Women Get Smart About Money.” And I’ve just started blogging about it. I’d love to invite you to my site.

Keep up the great work!

Barbara Stanny

By: JEM

JEM — Wed, 26 Sep 2007 17:41:15 +0000

I agree with you.

I have the opposite problem. My husband wanted nothing to do with our finances. He has no idea where our money is, what our budget is like, how much we are saving for retirement, or anything else. I asked him the other day how much our mortgage payment is each month and he guessed wrong by 400 bucks! I am always trying to involve him but he just isn’t interested in money. He hads his paychecks over to me each month and lets me have full control. Although I really enjoy manageing our money, I wish he showed more interest. I also worry about what would happen if I died. I love him but he is clueless.

By: Spend Your Money! Quit Your Job! @ The Carnivals » Money and Personal Finance Blog In Silicon Valley

Wed, 26 Sep 2007 14:15:24 +0000

[...] There is No Such Thing as Divorce Insurance @ Saving Advice [...]

By: Carnival of Personal Finance #119 - Blunt Money

Carnival of Personal Finance #119 - Blunt Money — Mon, 24 Sep 2007 12:57:34 +0000

[...] Advice presents There is No Such Thing as Divorce Insurance. Don’t rely on your partner to take care of all your [...]

By: Mark

Mark — Mon, 24 Sep 2007 05:42:06 +0000

I agree with you but for different reasons. I had always encouraged my “ex” to keep working or go to school. She would do neither but wanted to stay at home and “make the big sacrifice”. Well, three kids and 20 years later she was bitter, angry, and we were $170,000 in debt, living paycheck to paycheck and still bouncing checks. All with a monthly take-home pay of $7,500. It was crazy and she would NOT go on a budget as she considered it to be an insult and placing limits on her (the budget was for the whole family including me). I had enough and decided I’d rather pay $5,000 per month lifetime spousal support than continue with no hope of retirement and working till departure from this planet. Since leaving her one year ago, I pay $5k monthly spousal support, tripled my income, cut my debt in half, and sleep well at nights.
Young people, if you marry, you should BOTH work, husbands should support her work ambitions and encourage schooling and even if the classes are not necessarily career enhancing they would still be “life enhancing

By: Amber

Amber — Sun, 23 Sep 2007 13:18:49 +0000

Great post, my boss is this very same woman. I mentioned to her that the state has just added hurricane coerage to automobile insurance and she says to me “I have no idea my husband handles all of that” When I was dating I handled everything and always will

By: Julie

Julie — Fri, 21 Sep 2007 17:23:46 +0000

Very good article. I have always handle the family finances and always will.