Four Important Questions before Marriage
July 12th, 2010 by Admin
Here are four important questions that must be asked and discussed with the couple, so that information about the financial problems will become clear.
1. Anything owned assets and debt?
This question is so basic foundation if you want to build a shared household. Assets (bank accounts, investments, retirement plans, and home) to help you live your life as desired. Debt (installment – houses, cars, study costs; credit cards, etc) will erode. Do more objective discussion on getting your dream life, instead of calculating how much wealth he has. By discussing this, you can calculate how much money can be saved for retirement, or how much can be allocated to buy a house, car, or a budget for vacation every year. Discuss how the amount of money that can use credit cards, including how to pay for it. Oh yes, do not have to hide. It talks a future together; do not let no assessment or judging each other.
2. How is your and his financial history?
Childhood experiences such as what you and he is living? For example parents had used savings from the school or to provide monthly rations since junior high, for example, it could be valuable information. Common problem that usually occurs in pairs is because each has a different perspective of looking at money.
They could, he’d never repay the debt except for a house or car. You are accustomed to using credit cards for monthly spending even when eating out. After that pay minimum charges every month, it’s worth trying to understand the habits of each associated with money. Wedding associated with a compromise. With the understanding from the beginning will provide you with valuable stock now live a happy married life with no financial constraints.
3. How to divide financial duties?
If there is one dominating spouse, partner would get mad every time problems arise. But there are also couples who avoided because it is not interested, so the partner feels overwhelmed. As a couple, you and the he should be aware, there are a number of obligations that must be met and divided in two. Something to think about is investing and saving. The others pay the monthly bills. That must be understood, both of you have shared liability and must be addressed together.
4. Do you have to combine financial accounts or operate them separately?
This is sensitive issue. Many people believe, the operation of individual accounts to help reconcile the marriage, considering that the he did not know exactly what happened on your account, and vice versa. But if something happens, it will appear remorse. Besides the personal account would cover the actual financial position of a family wedding and threaten real purpose, namely to act as a team. If you know how many are there in the account of him and vice versa, how much can be saved and invested, the position of such openness is very possible to plan a future together. That does not mean a personal account is bad. Fine, but there must always be open, whenever needed.
In essence, all the questions asked refer to one important problem, namely communication. Learn and talk about finance from an early age, and you’ll both be able to reduce the financial strain that was common in marriages. Good communication!
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