financial questions to ask your future spouse

01 May

5 Financial Questions to Ask Your Future Spouse

The question has been popped and you’re ready to say “I do!” In the midst of wedding planning and getting ready to build a life together, here are a few important financial questions to ask your future spouse to set your marriage up for solid financial success.

5 Financial Questions to Ask Your Future Spouse

  1. How much debt do you owe? Be sure to take into account all debts, from credit cards to car loans and even student loans. This question can be a tough one to ask, but an important one if you’re wanting to start off on a solid foundation.
  2. How much money, if any, do you currently have saved? And, will you combine your savings accounts into one?
  3. Will we be combining checking accounts, or keeping our finances separate? It’s key to get this topic sorted out either way well before the wedding bells ring!
  4. What large financial investments are you looking to make in our first five years of marriage? Buying a home, purchasing a new car, or even going back to school might make this list.
  5. What are your favorite ways to spend your fun money, and how do you allot those funds? How your future spouse determines fun, discretionary income and how they will help you manage expectations in the future.

At the end of the day, preparing for a financial life together can be a daunting task, but it’s an opportunity for a new adventure and getting to know the person you’ll be spending your life with!