personal finance tips
FAMILY & MONEY
The Must-Have Engagement Financial Checklist
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Early in a relationship, it is easy to float on cloud nine and be blinded by the other person's lavish spending on special occasions from romantic evenings to gifts. Don't automatically assume that your significant other is financially stable because he or she showers you with such extravagant surprises or trips.
Before tying the knot and saying " I do", there are several very serious questions that need to be addressed and discussed with your future spouse. It is a topic often pushed to the side in hopes it can be resolved at a later date...or after the wedding.
"Forty percent of newlyweds didn't know their spouse's credit scores before marriage, and one in three says their spouse's spending habits changed after the wedding", according to a financial services firm.
To learn more, I recommend you and your partner read a terrific article by Ric Edelman, an acclaimed financial advisor, Financial Planning Before Marriage where he lists 28 Must Ask Questions for future spouses to learn about each other.