Your money style, whatever it may be, can be helpful, but it can also block your progress. Oftentimes we cling to beliefs about money without even thinking about why we hold them.
The death of my husband more than a decade ago was the toughest experience of my life. I had turned 60 just a month before his passing.
Money and sex regularly rank as the most common reasons couples fight.
Research from LearnVest’s Money Habits and Confessions Survey, conducted by Wakefield Research, concluded that financial issues are more than twice as likely as sex to cause tension in a relationship.
According to a recent Pew Research Center report, the number of people age 50 and older who live together with their unmarried partner shot up by 75% between 2007 and 2016. That’s 4 million mature adults who live together compared to 2.3 million a decade ago.
Just when you feel least able to cope with life after your husband’s death, you’ll be faced with making crucial decisions that can affect your finances, your family, your livelihood and more.
After my husband died, I continued to wear my diamond ring on my left hand for almost a year. Then I shifted it to the right hand where I wore it for many more months. I kept moving it back and forth – left hand for a few days, then right hand a day or two, and back again to the left.
I’m part of a fast-growing demographic group – women baby boomers who enter a new phase of life after the death of our husbands. It’s true that the average age a wife becomes a widow in the United States is 59.4 and 70% of all married baby boomer wives will experience widowhood.
Soon after my book was published, I attended a community luncheon. Several couples were seated at my table, and we introduced ourselves. After watching me for a few minutes, one wife suddenly exclaimed, “Oh, I saw your picture in Sunday’s newspaper. You wrote that guidebook for widows!”
I’m a member of the club women hate to join — the Widows Club.
When my husband died, it felt like a big part of me died, too. I lost the love of my life and the dreams we shared for our future. All gone in an instant and right after my 60th birthday.