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

 

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