Marriage and Money
June is wedding month. Newlyweds may think their financial situation doesn’t matter because they’re in love. But a recent survey from American Express found that 50% of couples say the financial habits of their partner drive them crazy… and 75% have financial secrets they’ve kept from their spouse. So money does cause a little stress in a marriage.
Kiplinger has come up with four critical money questions to ask to make sure you and your partner are financial compatible.
- How much is there? Not exactly a first date question, but if you’re in it for the long haul, finding out each other’s net worth is only fair.
- Where does it come from? By now, each of you knows what the other does for a living. But you should also talk about what you plan on doing and earning a year, five, ten, even 20 years from now.
- Where is it kept and invested? Is he or she a conservative or risky investor? Sharing this info can help reveal financial attitudes.
- Where is it going? If you don’t have a budget, now’s a good time to start one.
Four money questions to ask to avoid a lot of financial headaches later. Click here for more marriage and money help