![]() ![]() ![]() Are there any outstanding or high-interest line items on your credit report?.When it comes to getting joint assets, like access to credit, a house, or a car, one partner’s credit score can raise your interest rate - or ruin your odds of getting approved altogether. If money was unlimited, what would we do?Ĭredit scores are tracked individually, but that doesn’t mean they don’t affect both of you.What’s important to us? Do we want to travel, buy a home, launch a business, or start a family? What will that take?.However, if you’re not aligned on what those priorities are, you might also be dragging each other down. As a couple, marriage means that you can help support each other in reaching those goals. One of the reasons people have a hard time making sound financial decisions is that they fail to think through their future needs. How do we allocate unexpected windfalls, like prizes, inheritances, or bonuses?.How much of an emergency fund do we need to establish?.Generally speaking, one person in a relationship is the “saver” and one is the “spender.” Talking through your attitudes on money can help avoid any unpleasant conversations - or surprises. But putting money aside, even if it’s a small amount, is always a smart idea. How can you reinforce the value that each partner brings to the relationship, regardless of earning power?īecause the early earning years can be challenging, many young couples (and a few older ones) feel like they can’t start saving yet.What did you see modeled growing up? Did the primary earner have control over the finances? How did you feel about it?. ![]()
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