Money Talks: Money and Marriage
Mon, 21 Jun 2010 12:18:44 GMT —
A marriage is a merger. Merging lives |and merging money. So long before you walk down that aisle make sure you're on the same page about family finances.
"Number one cause of divorce, it's always said, is money. So if there's anything that you're not matched up or you have a great difference that might play a big role, and look out for secrecy."
2 So before you start dress shopping, make sure you've picked out the right money mate.
You have to ask each other or find out what are your philosophies about money? What are your goals for the future? Is one person a spender and one person a shopper? You have to really look at that too because that might not work well.
3 And if you've got a new house in those future plans, remember that your credit scores will also be joined.
When you merge your household, the one that has the bad credit will improve, but the one who has the great credit score will be dragged down.
4 What about the wedding itself? At an average cost now approaching 30 grand, that party is a perfect opportunity to test your partnership.
"You don't want to be paying for your wedding ten years after you're married. So even though a great wedding is a lot of fun, but for one day you could be paying 10 years."
Whether you like it or not, money and marriage also go together like a horse and carriage. So talk about money early|because you will be talking about it later. And if you don't believe me|ask your mom. For MT, I'm SJ.