10 tips for couples and young families to build wealth

8 August Print

10 tips for couples and young families to build wealth

Knowledge is investing power

Perhaps talking about money with your partner has felt a little taboo since the term “gold digger” was coined, but it’s healthier than playing fast and loose with your credit card while keeping your spouse in the dark. Most couples (72 percent) say they communicate very well, but in reality, when it comes to financial matters, more than four in 10 (43 percent, up from 27 percent in 2013) don’t really know how much money their partner makes – and of that, 10 percent of those surveyed were off by $25,000 or more, according to a 2015 study by Fidelity. Without knowing how much your spouse makes, you can’t plan how much to invest.

Click ahead for 10 tips for couples and young families to build wealth.

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