Questions To Ask Before Getting Married

Did you know that June is one of the busiest months of the year for weddings? It's true! There's something about a warm sunny day with the flowers in full bloom that gets couples excited about tying the knot in June. If you're planning on getting married in the near future, chances are, you'll be combining your finances with your spouse. This may seem easier said than done, but it can also lead to headaches when you're trying to figure out your lives. Here are a few questions you may want to ask one another before getting married so you don't get hit with big surprises after you say "I Do".

How much debt do you have?

If you haven't discussed this yet, you absolutely should. We're not implying that debt should be a make or break determination in marrying someone, but knowing how much someone has in debts is important. If you go into a marriage and you owe tons of money to several debt collectors, it may not make for the best start of your togetherness. Instead, have the discussion beforehand so you know exactly what you're getting into.

Do you want kids? How many?

If you want kids and your spouse doesn't, or vice versa, it can lead to a good amount of stress on a relationship. If you do both want kids, agree on how many you'd like to have (or try to have). Remember that as much as you plan for having a child, there's never a "right time" to have a baby...meaning you'll never be fully prepared, and that's okay! Just make sure you've had that discussion with your future spouse.

Where should we do our banking?

While we hope you choose a credit union (like Taconnet), you should choose a financial institution that works best for both of you. If you both have an account at a different institution, consider combining the two and closing the other one out (or leave one open but only have the minimum amount needed in case you need to borrow money in the future and want options).

Where should we live?

Are you open to relocating depending on a job offer or life change? Often times a better job opportunity will arise if you're willing to locate. If you aren't willing to relocate, that's not necessarily a bad thing, but know that you may have to make sacrifices in life based on where you live and what you are making for a salary. 

The good news is that there are no right or wrong answers on any of these questions. The most important thing is that you talk about them before you tie the knot. If you have a general idea of what you want your life to look like and what your spouse wants it to look like, life will tend to go a bit more smoothly in the beginning stages of marriage. This doesn't mean that you shouldn't be flexible and open to change. After all, as we get older our priorities can change drastically. It does mean that you should try and be on the same page with your spouse as much as you can. Have the conversations early and you'll run into fewer financial woes!

-The Taconnet Team