Love Money Matters

Love Money Matters

Love & Money Matters
Did you know that one of​ the​ main reasons that most couples fight is​ money? Perhaps not so surprisingly,​ it​ is​ also one of​ the​ leading causes of​ divorce .​

This is​ a​ good example of​ why it’s important to​ discuss finances and​ have all aspects relating to​ money out in​ the​ open in​ order to​ have a​ healthy and​ happy relationship.
If you are preparing to​ start a​ life with your new husband or​ wife,​ you may also be considering the​ purchase of​ a​ home .​

as​ you may know,​ both your credit history and​ that of​ your spouse will impact a​ potential lender’s decision as​ to​ whether or​ not to​ approve your loan request .​

What you may not know is​ that,​ due to​ the​ fact that some landlords now check their tenant’s credit,​ your credit history can also affect your ability to​ rent a​ home if​ ​ that’s the​ route that you choose to​ pursue .​

the​ best way to​ prepare for either renting or​ purchasing a​ home is​ to​ sit down and​ discuss income,​ debts and​ past payment history with one another .​

In some instances,​ it​ may be advisable to​ share your credit reports with one another so that there are no surprises down the​ road .​

This will not only give you a​ good idea as​ to​ how lenders will view your creditworthiness,​ but it​ is​ also the​ perfect time to​ identify and​ correct any inaccuracies in​ your credit reports.
Combining finances is​ one topic that many couples struggle with .​

Do we​ keep our finances separate or​ do we​ combine them into one joint checking account? if​ ​ you are undecided,​ it’s perfectly fine to​ maintain the​ finances in​ a​ ‘his,​ hers and​ theirs’ format .​

if​ ​ you and​ your spousetobe prefer to​ keep your finances separate for now,​ simply open a​ joint checking account to​ pay household bills and​ other expenses .​

If you want to​ achieve the​ perfect balance in​ both your relationship and​ your checkbook,​ make a​ pact to​ be open and​ honest when it​ comes to​ communicating about money .​

Although this may be one of​ the​ touchiest subjects for many couples,​ it’s much better to​ discuss the​ issues and​ deal with them immediately .​

In the​ end,​ both you and​ your spouse will be much happier and​ the​ relationship will be much healthier.
The information in​ this article is​ designed to​ be used for reference purposes only .​

it​ should not be used as,​ in​ place of​ or​ in​ conjunction with professional financial advice .​

For further information,​ consult with a​ financial advisor in​ your area.

Love Money Matters

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