Martin Lewis has urged couples to sit down beforehand to have a talk about money.
While it may seem awkward, the money-saving expert pointed out that it is also important – because if something happens to one of you and the other is not up to date, it can lead to real trouble.
On his ITV program, the Martin Lewis Money Show, he said that often times one person in a household takes the lead on finances, leaving the other vulnerable Northants behind live reports.
In one case, a woman couldn’t pay the mortgage because she didn’t know where her savings were kept, he explained.
That means both partners have to sit down and talk about it and make a list of all the household’s financial information.
Martin said: “I can’t tell you how often – women in general, but not always – [zu mir]Said I lost my husband and I don’t know how to handle finances.
“And I will always remember one case of a woman who tearfully kept me on the street because her husband had died two months earlier.
“She couldn’t pay the mortgage because she didn’t know where the savings were.
“This is a really important point that I call the three Ds – death, divorce, dementia.
“You are a risk, and if you take care of the family’s finances, that’s fine – but make sure there is a financial datasheet that lists all the information and all relevant products.
“And make sure you go to your partner and tell him this is going to happen.
“Make sure they at least understand, in case they don’t manage it.”
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