Advertising
Advertising

30 Money Questions to Ask Your Fiance BEFORE Marriage

30 Money Questions to Ask Your Fiance BEFORE Marriage

You’ve booked the reception, you’ve tasted the cake, you bought the killer dress, but there’s one thing you may not have done yet: talk about money!

Don’t worry—it’s not too late, and you won’t have to call the band and cancel. With this ultimate guide full of important money questions, you and your fiance can talk about every financial detail so you’re cool, confident, and financially prepared for your big day.

1. How much debt do you have? This is probably the most important question you can ask a future spouse.

2. What is the max I can spend before I have to consult the other person? This will help prevent arguments about overspending in the future.

3. How much are we willing to spend on our parents if they get sick? It’s hard to quantify this amount, so this question is just more about acknowledging that this type of issue might come up.

4. How much will we spend to get fertility treatments or adopt if we have trouble conceiving? Take this time to look up the costs for both of those things just so you are aware in the future.

5. Who will be in charge of paying the bills? This is really important. My tip is to have one person handle day to day finances and the other person handle long term investments.

Advertising

6. Who will be in charge of investing in our future? Really, both of you should be involved in investing in your future, but have one person be in charge of planning family meetings to talk about it.

7. How will we choose stocks if we want to buy some? Have you ever purchased stocks or mutual funds? Take some time to learn about them now while you are young.

8. How much do you think vacations should cost? Even if you have been dating for a long time, sometimes people have different visions of what they hope vacations will be like after they get married.

9. Did you take out student loans? This one is self explanatory.

10. If so, how much? This one is more important. If one of you is currently in school and you don’t know how much you have borrowed, go to your financial aid office or your credit report and find out today.

11. Have you ever declared bankruptcy? Hopefully you would have told your fiance this by now, but if you haven’t, they deserve to know.

12. Would you want to declare bankruptcy if we found ourselves in a tough spot? I hope you never have to face this tough decision, but talk about what might happen if you get to that point or even better, talk about how to prevent this.

Advertising

13. Do you want to pay for more education in the future? It’s good to know if your future spouse has always wanted to go back to school, so you know it might be a potential cost in the future.

14. Do your parents pay for any of your current bills? If they do, will they be continuing to help you in the future?

15. Would you accept money from parents as help after we get married? Some spouses don’t like receiving outside help, so be sure to address this.

16. Do you currently owe money to any friends? If so, try to pay them back as soon as possible.

17. Do you prefer generic or name brand goods? This will help you learn about each other’s spending habits.

18. Do you like paying for things with cash or credit? If you pay with credit, do you always pay it off at the end of the month?

19. Do you have any money currently saved? I know the wedding is expensive, but if not, try to put aside just $50-$100 a month to get the savings account started.

Advertising

20. Do you save money at the beginning or the end of the month? Try to save at the beginning. If you wait to save what is left over, there is often nothing left.

21. Do you participate in your company’s 401k match? If your company does not offer one, are you saving for retirement in another way, like in an IRA?

22. Do you max out your retirement accounts every year? If not, try to decide how you will be able to start doing so this year or next year.

23. How do you like to spend your “fun money”? On cars, shoes, purses, or pitchers of beer?

24. How much do you want to save for an emergency? Most experts recommend starting with a $1,000 buffer and then adding to it until you can cover 6 months of expenses.

25. How many kids do you want to have? You might have discussed about this already, but look up the financial costs of having children and talk about it.

26. Do you plan on paying for our children’s college education? If so, try to start saving when they are born.

Advertising

27. Do you want our kids to go to public or private school? This is important to know, since it will affect your cash flow in the future.

28. Would you help your siblings financially if they needed it? And, would you expect them to pay you back?

29. Would you rather invest in a house, or invest in experiences, like traveling? This is a really good question to help determine your priorities.

30. Would you seek financial counseling if we decide we need it? It’s always good to know that your spouse is willing to get help if money issues come up in the future.

If you and your fiance can sit down and go through the questions above, you will already be light years ahead of many couples who are about to tie the knot. Remember that finances are the number one thing that couples argue about, so if you can combat many of these issues ahead of time, you are doing a great service to your marriage.

More by this author

Catherine Alford

Catherine is the go to personal finance expert for educated, aspirational moms who want to recapture their life passions.

11 Reasons Why It’s Important to Follow Your Dreams How to Make Money Right Now How to Have a Successful Garage Sale 30 Money Questions to Ask Your Fiance BEFORE Marriage 42 Amazingly Free Things That Will Make You Smile

Trending in Featured

1 How to Cultivate Continuous Learning to Stay Competitive 2 Simple Productivity: 10 Ways to Do More by Focusing on the Essentials 3 Is Procrastination Bad? The Truth About Procrastination Revealed 4 12 Rules for Self-Management 5 How to Take Notes Effectively: Powerful Note-Taking Techniques

Read Next

Advertising
Advertising
Advertising

Last Updated on November 5, 2019

How to Cultivate Continuous Learning to Stay Competitive

How to Cultivate Continuous Learning to Stay Competitive

Assuming the public school system didn’t crush your soul, learning is a great activity. It expands your viewpoint. It gives you new knowledge you can use to improve your life. It is important for your personal growth. Even if you discount the worldly benefits, the act of learning can be a source of enjoyment.

“I have never let my schooling interfere with my education.” — Mark Twain

But in a busy world, it can often be hard to fit in time to learn anything that isn’t essential. The only things learned are those that need to be. Everything beyond that is considered frivolous. Even those who do appreciate the practice of lifelong learning, can find it difficult to make the effort.

Here are some tips for installing the habit of continuous learning:

1. Always Have a Book

It doesn’t matter if it takes you a year or a week to read a book. Always strive to have a book that you are reading through, and take it with you so you can read it when you have time.

Just by shaving off a few minutes in-between activities in my day I can read about a book per week. That’s at least fifty each year.

2. Keep a “To-Learn” List

We all have to-do lists. These are the tasks we need to accomplish. Try to also have a “to-learn” list. On it you can write ideas for new areas of study.

Advertising

Maybe you would like to take up a new language, learn a skill or read the collective works of Shakespeare. Whatever motivates you, write it down.

3. Get More Intellectual Friends

Start spending more time with people who think. Not just people who are smart, but people who actually invest much of their time in learning new skills. Their habits will rub off on you.

Even better, they will probably share some of their knowledge with you.

4. Guided Thinking

Albert Einstein once said,

“Any man who reads too much and uses his own brain too little falls into lazy habits of thinking.”

Simply studying the wisdom of others isn’t enough, you have to think through ideas yourself. Spend time journaling, meditating or contemplating over ideas you have learned.

5. Put it Into Practice

Skill based learning is useless if it isn’t applied. Reading a book on C++ isn’t the same thing as writing a program. Studying painting isn’t the same as picking up a brush.

Advertising

If your knowledge can be applied, put it into practice.

In this information age, we’re all exposed to a lot of information, it’s important to re-learn how to learn so as to put the knowledge into practice.

6. Teach Others

You learn what you teach. If you have an outlet of communicating ideas to others, you are more likely to solidify that learning.

Start a blog, mentor someone or even discuss ideas with a friend.

7. Clean Your Input

Some forms of learning are easy to digest, but often lack substance.

I make a point of regularly cleaning out my feed reader for blogs I subscribe to. Great blogs can be a powerful source of new ideas. But every few months, I realize I’m collecting posts from blogs that I am simply skimming.

Every few months, purify your input to save time and focus on what counts.

Advertising

8. Learn in Groups

Lifelong learning doesn’t mean condemning yourself to a stack of dusty textbooks. Join organizations that teach skills.

Workshops and group learning events can make educating yourself a fun, social experience.

9. Unlearn Assumptions

You can’t add water to a full cup. I always try to maintain a distance away from any idea. Too many convictions simply mean too few paths for new ideas.

Actively seek out information that contradicts your worldview.

Our minds can’t be trusted, but this is what we can do about it to be wiser.

10. Find Jobs that Encourage Learning

Pick a career that encourages continual learning. If you are in a job that doesn’t have much intellectual freedom, consider switching to one that does.

Don’t spend forty hours of your week in a job that doesn’t challenge you.

Advertising

11. Start a Project

Set out to do something you don’t know how. Forced learning in this way can be fun and challenging.

If you don’t know anything about computers, try building one. If you consider yourself a horrible artist, try a painting.

12. Follow Your Intuition

Lifelong learning is like wandering through the wilderness. You can’t be sure what to expect and there isn’t always an end goal in mind.

Letting your intuition guide you can make self-education more enjoyable. Most of our lives have been broken down to completely logical decisions, that making choices on a whim has been stamped out.

13. The Morning Fifteen

Productive people always wake up early. Use the first fifteen minutes of your morning as a period for education.

If you find yourself too groggy, you might want to wait a short time. Just don’t put it off later in the day where urgent activities will push it out of the way.

14. Reap the Rewards

Learn information you can use. Understanding the basics of programming allows me to handle projects that other people would require outside help. Meeting a situation that makes use of your educational efforts can be a source of pride.

15. Make Learning a Priority

Few external forces are going to persuade you to learn. The desire has to come from within. Once you decide you want to make lifelong learning a habit, it is up to you to make it a priority in your life.

More About Continuous Learning

Featured photo credit: Paul Schafer via unsplash.com

Read Next