6 Money Lessons from Popular Romance Movies

When love and money collide in big budget movies, the results are typically either hilarity or tragedy. The same is often true in real life, if not as melodramatic (and the hilarity isn’t exactly humourous in most cases). Bankrate took a look at 6 popular romances to see what money advice could be gained from the big screen. Take a look at a few examples:

Titanic

A girl who’s used to the finer things in life and a boy who gambles what little he has and can’t plan for the future don’t seem like a likely pairing. However, that’s what Jack and Rose would have faced if (spoiler alert!) he had survived the sinking. It’s important to open about your financial situation if you want a relationship to flourish and survive:

“It definitely has to be discussed before they marry,” says David Bendix, CPA/CFP, president of The Bendix Financial Group in Garden City, N.Y. Along with setting some common goals, they should also talk about their money habits – “how they could learn to save and spend wisely.” That’s because money is one of the main reasons couples split up, he says.

Pretty Woman

Love, of course, conquers all in this classic tale, but normally, when a “working” girl and a millionaire workaholic get married, it would be smart, especially for the workaholic, to get a prenup.

“Maybe in the romantic world, they live happily every after,” says David Bendix, CFA/CFP, president of The Bendix Financial Group. “But you can see from TV and the tabloids that money does strange things to people.” Add to that the fact these two live in a community property state.

“A prenup would be the most obvious thing to do before they get married,” he says. “It gets both parties to protect and look after themselves and be realistic.”

Sleepless in Seattle

In this movie, two people realize that the lives they lead aren’t quite right, leading them to true love eventually. In general, the message of this movie leads to good advice that can be applied to money:

If something doesn’t feel right — whether it’s an engagement or an investment plan — listen to that little voice within.

“The best thing you can tell someone is to trust your gut,” says Barry Picker, CPA, Picker & Auerbach CPAs. “If something seems too good to be true, if it doesn’t make you comfortable, don’t do it.”

[Also,] if your future happiness depends on a single meeting at a specific time and place, it’s smart to have a contingency plan. What if the elevator had been out?

Check out advice from 3 other beloved movies over at Bankrate’s 6 Money Tips from Popular Movie Romances.