Comments on: Keep Your Spouse in the Loop http://www.canadiancapitalist.com/keep-your-spouse-in-the-loop/ Helping you invest and prosper Sun, 12 Feb 2012 00:54:40 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Four Pillars › Smart Couples Finish Rich - Ch. 1 Review http://www.canadiancapitalist.com/keep-your-spouse-in-the-loop/#comment-67284 Four Pillars › Smart Couples Finish Rich - Ch. 1 Review Wed, 19 Sep 2007 01:45:48 +0000 http://www.canadiancapitalist.com/2007/03/18/keep-your-spouse-in-the-loop#comment-67284 [...] who is more interested (or less disinterested) in that topic. Canadian Capitalist talks about some solutions for the problem of the spouse who looks after the finances dying and the other spouse having to take [...] [...] who is more interested (or less disinterested) in that topic. Canadian Capitalist talks about some solutions for the problem of the spouse who looks after the finances dying and the other spouse having to take [...]

]]> By: re: Money http://www.canadiancapitalist.com/keep-your-spouse-in-the-loop/#comment-24970 re: Money Wed, 21 Mar 2007 05:19:15 +0000 http://www.canadiancapitalist.com/2007/03/18/keep-your-spouse-in-the-loop#comment-24970 I'd recommend a couple of books to your wife. They're not dry and technical books about finance, but more like a woman's view on why it's dangerous to be clueless about finances :) One is "Money: A memoir" by Liz Perle, the other - "Nice Girls Don't Get Rich" by Lois P. Frankel. These were the books that actually woke me up from our financial routine (even though I've always been the one paying the bills and taking care of the budget, I was never really interested in anything beyond basics). I’d recommend a couple of books to your wife. They’re not dry and technical books about finance, but more like a woman’s view on why it’s dangerous to be clueless about finances :)

One is “Money: A memoir” by Liz Perle, the other – “Nice Girls Don’t Get Rich” by Lois P. Frankel. These were the books that actually woke me up from our financial routine (even though I’ve always been the one paying the bills and taking care of the budget, I was never really interested in anything beyond basics).

]]> By: Jennie http://www.canadiancapitalist.com/keep-your-spouse-in-the-loop/#comment-24957 Jennie Wed, 21 Mar 2007 03:40:24 +0000 http://www.canadiancapitalist.com/2007/03/18/keep-your-spouse-in-the-loop#comment-24957 Great idea! Great idea!

]]> By: Canadian Money Blogs Reviewer http://www.canadiancapitalist.com/keep-your-spouse-in-the-loop/#comment-24709 Canadian Money Blogs Reviewer Mon, 19 Mar 2007 21:16:54 +0000 http://www.canadiancapitalist.com/2007/03/18/keep-your-spouse-in-the-loop#comment-24709 great post! I've actually went one step further: I got my wife interested in finance by getting her to choose (and follow) stocks from companies she knows (mostly related to the Health and Retail sectors ; with some of my help obviously at first) ... I even set her up with her own brokerage account so she get her monthly summaries and company brochures she now likes to read. This lead to interesting choices like Shopper's. I find that approach to be very effective since one is always more motivated when participating in something rather than simply being briefed about it. great post! I’ve actually went one step further: I got my wife interested in finance by getting her to choose (and follow) stocks from companies she knows (mostly related to the Health and Retail sectors ; with some of my help obviously at first) … I even set her up with her own brokerage account so she get her monthly summaries and company brochures she now likes to read. This lead to interesting choices like Shopper’s. I find that approach to be very effective since one is always more motivated when participating in something rather than simply being briefed about it.

]]> By: Big Cajun Man http://www.canadiancapitalist.com/keep-your-spouse-in-the-loop/#comment-24699 Big Cajun Man Mon, 19 Mar 2007 19:58:50 +0000 http://www.canadiancapitalist.com/2007/03/18/keep-your-spouse-in-the-loop#comment-24699 Excellent post, and very good idea. More marriages go on the rocks about money than any other subject matter. I will be linking to this posting somewhere along the way, you should send this to the Under 30's carnival, they need to learn this one EARLY! --C8j Excellent post, and very good idea. More marriages go on the rocks about money than any other subject matter. I will be linking to this posting somewhere along the way, you should send this to the Under 30′s carnival, they need to learn this one EARLY!

–C8j

]]> By: Middle Class Millionaire http://www.canadiancapitalist.com/keep-your-spouse-in-the-loop/#comment-24674 Middle Class Millionaire Mon, 19 Mar 2007 13:42:11 +0000 http://www.canadiancapitalist.com/2007/03/18/keep-your-spouse-in-the-loop#comment-24674 Like you my wife is totally uninterested in anything related to investing. Just the very mention of “stocks”, “portfolio” or “retirement planning” make her eyes glaze over and virtually shut. The PowerPoint sounds like a great idea for spouses that have even a miniscule slight interest in their finances. However, if your spouse would be unresponsive to a PowerPoint (like my wife) I’d suggest the following. Write down all the financial info for both of you: chequing accounts, saving accounts, RSP accounts, CDN & US trading accounts, mortgage info, credit cards, insurance etc...and put it in a fire proof safe. On my list I’ve included institution, account number, login and password (if applicable). This way my wife still doesn’t know (or care) about our finances but at least if I die she can give this sheet to an accountant/lawyer and it’ll be taken care of quickly. Cheers, MCM http://middleclassmillionaire.blogspot.com/ Like you my wife is totally uninterested in anything related to investing. Just the very mention of “stocks”, “portfolio” or “retirement planning” make her eyes glaze over and virtually shut. The PowerPoint sounds like a great idea for spouses that have even a miniscule slight interest in their finances. However, if your spouse would be unresponsive to a PowerPoint (like my wife) I’d suggest the following. Write down all the financial info for both of you: chequing accounts, saving accounts, RSP accounts, CDN & US trading accounts, mortgage info, credit cards, insurance etc…and put it in a fire proof safe. On my list I’ve included institution, account number, login and password (if applicable). This way my wife still doesn’t know (or care) about our finances but at least if I die she can give this sheet to an accountant/lawyer and it’ll be taken care of quickly.

Cheers,
MCM
http://middleclassmillionaire.blogspot.com/

]]> By: Canadian Capitalist http://www.canadiancapitalist.com/keep-your-spouse-in-the-loop/#comment-24673 Canadian Capitalist Mon, 19 Mar 2007 13:40:28 +0000 http://www.canadiancapitalist.com/2007/03/18/keep-your-spouse-in-the-loop#comment-24673 Mike, Mark: I think a one page summary is a great idea and it should be in the same file as the original copy of the will. Mike, Mark: I think a one page summary is a great idea and it should be in the same file as the original copy of the will.

]]> By: Mark http://www.canadiancapitalist.com/keep-your-spouse-in-the-loop/#comment-24670 Mark Mon, 19 Mar 2007 12:46:53 +0000 http://www.canadiancapitalist.com/2007/03/18/keep-your-spouse-in-the-loop#comment-24670 I saw this article a while ago and it seems relevant. It's a list of everything that should go on a one-page financial 'cheat sheet', for your family should something happen to the person running the finances. Enjoy. http://www.parade.com/articles/editions/2006/edition_09-17-2006/Finance I saw this article a while ago and it seems relevant. It’s a list of everything that should go on a one-page financial ‘cheat sheet’, for your family should something happen to the person running the finances. Enjoy.
http://www.parade.com/articles/editions/2006/edition_09-17-2006/Finance

]]> By: FMF http://www.canadiancapitalist.com/keep-your-spouse-in-the-loop/#comment-24669 FMF Mon, 19 Mar 2007 12:21:58 +0000 http://www.canadiancapitalist.com/2007/03/18/keep-your-spouse-in-the-loop#comment-24669 Let me know how it goes. My wife loved it and we plan to make it an annual event! Let me know how it goes. My wife loved it and we plan to make it an annual event!

]]> By: Kevin http://www.canadiancapitalist.com/keep-your-spouse-in-the-loop/#comment-24665 Kevin Mon, 19 Mar 2007 10:59:46 +0000 http://www.canadiancapitalist.com/2007/03/18/keep-your-spouse-in-the-loop#comment-24665 Great idea; thanks for sharing. Great idea; thanks for sharing.

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