Blended Family Podcast

Episode 08-Dealing with Finances in a blended family

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Sinopsis

www.blendedfamilypodcast.com melissa@blendedfamilypodcast.com   Dealing with finances is an issue that every couple must face.  However, it is much more difficult in a blended family.  There are usually more issues in a blended family, such as child support, separate debts and assets, and financial involvements with exes.   The issue of finances is best discussed early on in the relationship to avoid pitfalls in the future.  Some topics to discuss are handling of income handling of expenses handling of bank accounts future financial planning   You must decide if you are sharing your income, and a lot of that will depend on how much you each make and what each of your financial obligations are.   Expenses are a much more tricky topic.  You both need to figure out who is handling what expenses.  How will you divide home expenses and debt? Who is going to pay the bills? Are you going to take care of your previous debts together or handle that separately?  These are all issues you must face and talk abo