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Author: AngelMay Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 445731  
Subject: Women, Listen Up! Date: 1/23/2013 12:28 PM
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I don't know how many times I've said this on this board - or other boards - but it never seems to be enough.

Every woman should have her own bank accounts. Her own money. Her own investment accounts. This has nothing to do with love of spouse - or trust of spouse - or anything except the independence, power, and survival of the woman.

Right now, my neighbor's husband is preparing to undergo open heart surgery. She is scared to death. She knows nothing of the finances or computers or how to pay the bills or do anything if, worse comes to worse, and he dies.

Even if all the accounts are joint (a really bad idea, imo) a woman should know the passwords, the account numbers, and how to access everything she needs in order to get the bills paid.

Believe me, nobody out there in the corporate world (you know...the people who actually run this country today) gives a poop about you. They only care about getting paid. They don't care if you are a grieving widow or widower. They don't care if your child is dying of leukemia. They don't care if your cousin totaled your car. They don't care if your good-for-nothing relative stole everything while you were on vacation. They don't care. They only care about the money. And you had better have (or be able to get) the money to pay them. Otherwise, they will tack on even MORE money that you will owe them. And, ultimately, you could lose everything. And they still won't care.

Know and understand your finances.
Have your own money that you can always access.

AM
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