Here is the last (but not the least) in my series of key money phrases you should teach your children:
4. I’m sorry
Finances are the most likely point of contention in marriages. When my husband and I got married, we established a money rule: Each of us would have independent authority over transactions up to $100; after that we had to discuss the proposed transaction. That was 26 years ago. Today, the total for independent expenditures is $1,000. This rule tended to keep a lot of the potential resentment over money at bay.
But, everybody makes mistakes, and so did we. Continue reading