Searching for someone to go through life with is an endeavor that we all have tried. Unfortunately, the promise “till death do us part” is taken really lightly nowadays. After having listened to this young guy’s story I was sad but relieved that he wasn’t married to the girl that left him. She took all his money from his checking and savings accounts then kicked him out. In a couple months he’s about to start classes again in Charlotte, North Carolina so by then he’ll have healed up.
The next parts of the video show people from different walks of life. Though they have different lifestyles none of them were immune to a breakup or divorce. This should speak volumes to us in regards to shielding our finances. Before getting married a prenuptial agreement should be signed. In fact, this should be discussed early in the dating phase so there are no surprises. If you or your spouse decides to end a hopeless marriage, you need the financial freedom to bounce back quickly.
Another bit of wisdom should go along with a prenuptial agreement. That is, never have a joint credit card. If your relationship ends in divorce, you don’t want to be responsible for the financial missteps of your ex. If you do have a joint bank account, make sure a credit card is NOT attached to the bank account which protects from overdrafts. This not only puts a financial buffer between both of you, it creates a limit to how much you can spend. Never let access to credit become easy or accidental.