Comments on: Debt and Marriage – What You Should Know Before the Wedding

By: Going to Court, Debt, and Investing

Going to Court, Debt, and Investing — Thu, 01 Sep 2011 19:03:11 +0000

[...] Debt and Marriage – What You Should Know Before the Wedding [...]

By: Julie

Julie — Mon, 08 Aug 2011 11:30:33 +0000

I totally agree with you, before marriage the fiance/e must have an observant eye for his/her future partner spending habits and, why not, he/she should ask the important question about the other relationship with money: the income, expenses and credit history.
Another question is what do the two partners in life do after marriage: if they apply for a joint bank account or not. This question doesn’t have an easy answer. Some people even decide to have several accounts: one joint account where all cost goes into from paychecks, rebates, refunds, gifts, etc. This is for bills, house spending, joint spending items. Each of the partners ca have a “Private” account that the other is on in terms of death benefits but not to access and see spending. This is for bad spending habits. There can also be saving accounts, for savings with higher interests.

By: Jenna

Jenna — Tue, 04 May 2010 04:07:50 +0000

Regarding the engagement ring question. Sometimes folks use a diffrent stone than a diamond. For example princess Diana’s engagement ring was a Saphire with small diamonds around it. Find out if your future wife might accept another stone. Then the diamonds could be for a ten year anniversary ring. When money is not quite so tight.

By: 44 Ways to Ruin Your Financial Life By Age 30

44 Ways to Ruin Your Financial Life By Age 30 — Mon, 03 May 2010 09:03:40 +0000

[...] 27. Refuse to accept your partner’s debt. When you marry, you become one. So your spouse’s debts are now your debts. Remove “mine” and “yours” from your vocabulary when discussing debt and marriage. [...]

By: CreditReport.com: Newsletter Archives » Cupid’s Tips on Love and Money

CreditReport.com: Newsletter Archives » Cupid’s Tips on Love and Money — Fri, 12 Feb 2010 18:42:59 +0000

[...] Debt Attitudes toward how much debt is acceptable and which kind of debt is bad are a common cause of conflict in relationships. It helps to discuss the topic openly and establish ground rules from the start. When one partner comes into the relationship with a lot of debt, it will affect the other when they apply for joint credit or even if one is added to an account as an authorized user. Find out more about dealing with debt before marriage. [...]

By: MTV Networks

MTV Networks — Tue, 30 Jun 2009 22:06:14 +0000

MTV documentary series “True Life” looking for young newlywed couples who are having trouble staying afloat in the current economic climate. Did you buy the home of your dreams, only to be facing foreclosure? Did you fall behind in rent and are getting evicted? Are financial woes forcing you to move back in with your parents or in-laws? Interested in sharing your story?

If you are between the ages of 18-27, and have been married for less that a year, please send a brief bio, current photo, and contact number to newlywed@mtvn.com .

By: becky

becky — Fri, 29 May 2009 07:13:52 +0000

Prior to marriage you should prepare a budgeting plan and decide which crucial areas are to be taken care of in order to avoid financial disputes with your partners.

Both the partner should act as a team and deal with the financial issues.

Another post which I really like at http://www.manageme7.com/blog/money-management/money-management-for-celebrating-the-big-day

By: Ben

Ben — Thu, 14 May 2009 12:23:18 +0000

That’s a tough one El Cheapo. I went through something similar when I got engaged. I wasn’t crazy about spending a lot of money on a ring, I was a poor college student. I did have the money saved up so I could buy the one she wanted but that money could certainly help us out down the road.

I ended up buying the ring she wanted and looking back I’m glad that I did. She’ll have it forever (as long as she doesn’t lose it) so the cost per day of wearing it for the rest of her life is pretty low. That being said, make sure you get insurance on it, just in case it does get lost.

I do despise the tactics of the people that work at some of the jewelry stores though. Trying everything they can to talk your fiance into getting the biggest, most expensive ring and making you look like a jerk if you suggest the smaller, cheaper ones. I actually had a sales lady say to me something like, “if you love her, you’ll get her this one”.

By: Manshu

Manshu — Thu, 14 May 2009 03:01:45 +0000

I find talking about money really difficult. I know this is the right thing to do, but to get to that topic and execute this plan for me is always a difficult thing to do.

By: El Cheapo

El Cheapo — Wed, 13 May 2009 01:39:57 +0000

Nice post. The title got my attention because I’m thinking of taking my relationship to the next step. My current issue is the fact that my gf wants a pretty nice ring… nicer than I would like to spend. At the same time, I want to get her something that makes her happy. I’ve tried explaining this to her and explaining how that money could help us out in the future. While she hasn’t said out-right that she has to get an expensive ring, she hasn’t set her sights on less expensive rings when we go looking which worries me she’ll be disappointed. Any ideas?