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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.

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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.

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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.

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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.

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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.

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Catherine Alford

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

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Last Updated on October 28, 2020

How to Take Time for Yourself and Restore Your Energy

How to Take Time for Yourself and Restore Your Energy

Do you ever find yourself longing to take time for yourself? Many of us are so busy with work, school, and home life that often there is no time left over to do something that you enjoy. What follows are some ways to carve out that essential time you need to slow down, enjoy life, and rejuvenate your mental and physical health.

The Importance of Self-Care

In today’s on-the-go society, taking time for yourself is often looked upon as being selfish or unproductive. You have a job to do, kids to take care of, meals to cook, bills to pay, and the list goes on. How can you possibly justify taking time out for self-care without feeling guilty[1]?

The truth is that without self-care, you’re not giving yourself a fighting chance to give your best to each aspect of your life. If you don’t take care of your own needs first, you’ll find yourself burnt out and struggling in everyday life before you know it[2].

Take time for yourself with self-care

    Shift your perspective and accept that taking time for self-care is key if you truly want to live a productive, happy, and successful life.

    Simple Ways to Take Time for Yourself

    Finding time to focus on self-care can be difficult, especially with the demands of work and family life. Often, scheduling time before you need it can be a great to way to ensure you don’t skimp on the all-important personal time. Here are a few simple ways to take time for yourself.

    Evenings With Yourself

    Try to save certain weeknights just for you. If others ask you to do things those nights, just tell them you have plans. Use the time for gardening, reading, exercise, thinking, or the ultimate luxury of doing nothing!

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    Monthly Treat

    Schedule a treat for yourself once a month. It could be on your lunch break, a weekend, or it could be leaving work early. Maybe you get a spa treatment, go see a movie, a haircut, play golf, or whatever treat you’re always thinking about but rarely get to do.

    Schedule it in at least a month before to ensure that nothing gets in the way of that time.

    Buy Tickets in Advance

    Buy tickets for a baseball game, theater production, concert, or any other event you would enjoy. Having the tickets already in hand will force you to make it happen!

    Leave Work on Time

    This is one of the simplest things you can do when you’re craving personal time. Many of us stay at work late on a regular basis. If this is you, make it a point to leave work exactly on time at least once a week, if not more[3]. And then enjoy that time by participating in your favorite hobby or spending time with a friend you rarely see.

    Join a Group

    Joining a group can be a great way to include socializing when you take time for yourself. Find a group or club that revolves around an interest or passion of yours or something you’ve been wanting to try. You can find a book club, photography club, or bird watching group. It can be anything that helps you feel rejuvenated.

    Take an Adult Education Class

    Have you been wanting to learn something new or brush up on something you learned a while back? There are tons of free online classes, and many community colleges also offer free or cheap classes.

    You can learn a foreign language, try yoga, or brush up on your painting skills.

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    Exercise

    For busy people it can be difficult to make time for this, but it’s important to do so. A new habit is started with just one step.

    For example, you can walk for 20 minutes in the morning, and then build on that success daily. Vary how you spend that time. On some days use the time for thinking and daydreaming. Other days you can listen to motivational audio, and on days you want a real boost, listen to your favorite music!

    However, if you’ve been exercising for a while and usually listen to music, try go without any input for a change. Instead, let your mind wander and expand.

    Here are some ways to find time for exercise in your busy life.

    Taking Time for Yourself on the Go

    Some of us spend hours commuting to and from work. This can be a great chance to take time for yourself!

    Commute Via Public Transportation

    If you can, ditch your car and let someone else do the driving. Use that time to plan your day or do some reading, writing, creative thinking, or even meditation.

    Driving in Your Car

    Make the most of this time, and vary how you spend it. If you always listen to music, perhaps also try educational radio (NPR), audio books, or even quiet time.

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    Use that quiet time for brainstorming. Either think in your head or even talk your ideas out loud. Bring a voice recorder. You could write a book via voice recorder over time.

    Waiting in the Car

    If you find that you have a certain amount of “waiting time” in your life, change how you perceive it. Instead of “waiting time,” you can instantly change it into “free time” by reading a book, writing a to-do list, or practicing meditation.

    Two Birds With One Stone

    Look for ideas where you can fit in time for you within things you need to do already or that will have multiple benefits. See the ideas below to give you an idea.

    Walk to Work

    This is a a great one because you’re accomplishing many things at once. You’re getting exercise, you have time to think or enjoy music/audio, and you’re helping to save the environment.

    Arrive Early

    Any appointment that you have, plan to arrive 15-30 minutes early. Then use this time to sit back and relax with a book or magazine.

    Volunteer

    There are so many benefits with this. You make a difference for others, escape work and personal worries, and grow as a person. This about what kind of volunteering interests you and find a group to join. It could be environmental, educational, or anything that brings you a sense of purpose.

    Eat Lunch Alone

    Try sneaking away for a quiet lunch alone on a park bench or even in your car. Enjoy some quiet time with no one to talk to and no distracting noises.

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    Time Away From Kids

    You love your kids, but sometimes you just need a break from parent life. Here are some ideas to help you step away from that role for a bit.

    Organize a “Mom’s/Dad’s Morning Out” Circle

    If you have a friend or group of friends, you could arrange to share babysitting services a few times a month so that others in the group get some time alone.

    Hire a Babysitter

    Make a plan to have a babysitter that you trust watch your children once a month or once a week so that you can take time for yourself. Take it a step further and make that a date night or a night you participate in a class or hobby.

    Find a Gym With a Babysitting Service

    Find a gym that offers childcare so that you can take a yoga class, do some strength training, or even work out with a personal trainer. Make sure you fully research the safety of their childcare program first, though, and get some references if possible.

    The Bottom Line

    If you feel like you need to take time for yourself and relieve stress, there are many ways to do it. Even if you have a chaotic life where there seems to be only seconds to spare on any given day, it’s possible to carve out time for yourself by simply planning ahead. Make this a monthly occurrence to begin a healthy self-care habit.

    More Tips on Self-Care

    Featured photo credit: Erwann Letue via unsplash.com

    Reference

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