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There is an old saying that says, “Ignorance is bliss.” I tend not to agree with that. My belief, ignorance can make you feel ignorant. When it comes to money matters, it is something you should care about and pay attention to. Not doing so, at any time in your life can cause you problems and pain.

In the last few months I have coached around eight women over 50 years old that have recently divorced. Even though each of them lived in different states, they all had similar stories. They had been married between 25 and 40 years, their husband's divorced them and they ended up struggling and broke. Each of them stated, “They never had to pay attention to money before. Their husband always took care of everything.” Many were ripped off because they never knew how much they owed on their homes, had in investments, or had never even paid a bill. Now in their fifties and sixties they were starting over broke and many deeply in debt.

If you are currently married or in a relationship it is your duty and responsibility to know the state of your business (your household). If you have never paid a bill, ask to be an equal partner—start paying bills. You need to know who your vendors are, what expenses go out each month, and how much you invest with your financial institutions.

Whether you work a job outside or inside the home, you have a right to know exactly what financial matters are involved in your estate. Do you know how much insurance you pay each year, to whom, and what the policy is worth? How much does your spouse really bring home? Do you discuss purchases, expenses, and the balance owed on the mortgage? When will the mortgage be paid off?

What about you, do you pay attention to money? Do you know the state of your financial affairs? If not, why not?

Sharman Lawson a columnist on Fabulously40, and a financial coach, speaker, and author of the book 12 Steps to Eliminate Debt Forever! Visit her website: [Link Removed]

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