Your credit is one of your greatest income builders, so protect it before, while, and after you are married. Often, couples act under the common misconception that once you are married, all credit accounts should be merged. This is far from the truth, or from necessity. When couples apply for joint accounts, financial negligence of one spouse causes the other to suffer. And though love may be for better or worse, your finances don’t have to be. Educating yourself on how to handle finances while married is a key factor to a strong marriage and credit history.
During the courting state and before you get married, you and your spouse should sit down and discuss s the various aspects of your financial life. As you may know, money fights are one of the number one reasons that couples divorce. So before getting married,you should openly discuss the following topics with your fiancé:
Questions before marriage
• Comparing credit reports and scores
• Discuss financial goals
• Talk about budgeting
• Converse about spending patterns
Questions before marriage
• Discuss past due and outstanding debts
• Decide who will manage the bills
• Decide whereto there will be joint or separate accounts
• Discuss how you and your spouse think about money
• Set up an appointment with Consumer Credit Counseling for a pre-financial guidance.
As you have heard before that money problem are the number one reason why couples get divorced. But, if you follow the ten tips discussed in this article regarding questions before marriage, you and your spouse could avoid money issues once married. Now that you are empowered with additional information its time to take action.
