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There are lucky blended families that are not considering
money to be an issue for them. However, there are still many families that are
suffering from financial issues. The truth is, when it comes to blended family
finances, it really matters a lot. Besides from the usual things such as money
for foods, housing and clothing, you are also facing other related expenses
such as child support and other court related ordered payments for your
non-custodial children. In order to manage blended family finances, it will
require a lot of trust, compassion and communications.
Normally, the blended family relationship of the couple can
suffer when money is the usual problem of them. This is also the top problem of
most blended family couple. The best way
you need to do in order to deal this kind of problem is to set your goals and
needs effectively. You must have budget and you must stick to it no matter
what. Furthermore, planning for the future can also help when it comes to the
inheritance issues as well as to the issues related to education funds. Most well-managed
blended family is able to talk honestly and frankly with each other when it
comes to money related matters.
Your decision to merge your savings, investments and
checking accounts will all going to depend to your personal preferences. There
are several blended family who prefer combining them into one while others not.
But if you are in need of blended family advice, you can simply visit The
Blended and Step Family Resource Center.
