Getting Married? Financial Questions to Ask Before You “Tie the Knot”!
Whether you are married, engaged or thinking about, here are some “tough love” questions to ask before and after!
- How much income do you make?
- How much do you have in savings?
- How much have you saved for retirement?
- How much debt do you have?
- Do you have a plan to pay off your debt?
- My debts and your debts – will we pay them all off together or will we be responsible for our individual debts as well as what ever we create together?
- Will we have combined checking and savings accounts or separate accounts?
- What are your credit scores?
- Do you have life insurance, health insurance or disability insurance?
- When will the beneficiary be changed to the new spouse?
- Do you want children?
- If so, daycare or 1 parent will stay at home?
- Will we homeschool, public school or private school?
- Will we save for their college and/or let them pursue grants, scholarships or loans?
- Do you owe child support and if so, how much and for how much longer?
- Are all your tax returns filed?
- Do you owe Federal and/or State “back” taxes? If so, how much on each?
- If you owe, are you paying on them now?
I’m sure that the answers you’ll get will generate more “lively” discussions.
Feel free to responsibly comment! To Your Financial Health!