Check Your Future Spouse’s Financial Background
Planning a wedding? Don’t be so blinded by love or deafened by wedding bells that you neglect a really important consideration. Do you know your sweetheart’s financial status?
Discussing debt may not seem romantic but it could be critical to future happiness. Knowing where your sweetheart stands on credit card balances, student loans and car financing can help you avoid financial heartache. Your spouse’s unmanageable debt could ruin your financial future, even if it was accumulated before the wedding. Suzanne Boas, president of CredAbility, says you should always be aware of your spouse’s financial situation.
“Though many dual-career couples maintain separate credit cards, bank accounts and savings, you can never completely insulate yourself from your spouse’s debt,” Boas says. “If your spouse is financially irresponsible, it will touch you.”
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