Marriage and Money; have you had THE talk yet?
Marriage is a blessing, the union of two souls bringing their lives together till death do they part. Before walking down the aisle, you need to walk down the road of family finance and really figure out if you and your significant other are compatible financially.
It’s not as easy a question as you would think. The leading cause of divorce is money. An average wedding nowadays cost $30,000. Your combined family income might not be able to cover that huge family budget for one party. Is your partner aware of the financial sacrifices of a huge wedding? Are you both aware what the family income will be once you are in fact a family?
Here are a few things this video from Moneytalksnews.com discusses:
- Make sure you discuss your philosophies on money
- Do you know the financial goals of your significant other and are you able to meet them as well as your own?
- Are you aware that your credit scores will combine?
For more information on the talks you need to have about family income before walking down the aisle, watch this video:
