By using this site, you agree to the Privacy Policy and Terms of Use.
Accept

123mm.xyz

  • Lifestyle
    LifestyleShow More
    The Best Journal Prompts for Each Enneagram Type
    8 Min Read
    How to Make the Watermelon Salad Everyone Is Eating RN
    6 Min Read
    Why Canva Is My Go-To Hack for Decorating My Home
    9 Min Read
    4th of July Recipes You Can Whip Up in 30 Minutes or Less
    2 Min Read
    The Last-Minute Vacation Checklist You Need For Any Trip
    5 Min Read
  • Finance
    FinanceShow More
    Should You Consider Closing a Credit Card?
    7 Min Read
    I Tried 5 Different Budgeting Apps, Here’s How They Ranked
    9 Min Read
    Time Blocking: The Productivity Method Successful Women Swear By
    10 Min Read
    Tax Tips You Need if You Messed Up Your Taxes This Year
    18 Min Read
    25 Money Questions You Need to Ask Your Partner
    6 Min Read
  • Sex
    SexShow More
    The Conversations You Should Be Having About Sex
    6 Min Read
    8 Ways to Finally Get out of That Dry Spell
    6 Min Read
    What to Do If Your Partner Doesn’t Go Down On You
    9 Min Read
    How Your Attachment Style May Affect Your Sex Life
    12 Min Read
    I Got Ghosted After Sex—Does That Mean I’m Bad in Bed?
    10 Min Read
  • Sport
    SportShow More
    Why Rest Days Are Crucial For Your Workout Routine
    6 Min Read
    Why Cycle Syncing Workouts are the Way to Go
    7 Min Read
    10 Ways Yoga Drastically Changed My Life
    12 Min Read
    5 Habits to Keep You in Shape, According to a Fitness Pro
    8 Min Read
    Is a Pre-Workout Supplement Necessary?
    9 Min Read
  • Tech
    TechShow More
    Ninebot KickScooter D38E review
    12 Min Read
    Privado VPN review
    13 Min Read
    Tokit Omni Cook review
    11 Min Read
    Samsung Bespoke tall fridge review
    12 Min Read
    Sage Bambino espresso maker review
    7 Min Read
  • Contact
  • English
    • Русский
    • Українська
    • Polski
    • Deutsch
Reading: Money Questions Newlyweds Should Ask Each Other
Aa

123mm.xyz

Aa
  • Lifestyle
  • Finance
  • Sex
  • Sport
  • Tech
  • Contact
  • English
Search
  • Lifestyle
  • Finance
  • Sex
  • Sport
  • Tech
  • Contact
  • English
    • Русский
    • Українська
    • Polski
    • Deutsch
123mm.xyz > Finance > Money Questions Newlyweds Should Ask Each Other
Finance

Money Questions Newlyweds Should Ask Each Other

Dilan Shields
Last updated: 2022/09/19 at 12:52 PM
By Dilan Shields 8 Min Read
Share
SHARE

No newlywed enjoying that blissful honeymoon period wants to think about divorce, but one way to keep your “happily ever after” on track is to get ahead of any issues that could cause marital discontent. That’s why it’s time to talk about money with your new spouse. 

Contents
DebtQuestions to askSaving and SpendingQuestions to askFamily and friendsQuestions to askEducationQuestions to askMoney ManagementQuestions to ask

A 2018 survey by Ramsey Solutions found that money fights are the second leading cause of divorce (infidelity being the first). One easy way to avoid fighting about money is to get on the same page about all areas of your financial life. Even if you don’t always agree, being aware of how the other person feels about a financial issue can help avoid feelings of secrecy and mistrust. 

To get these money conversations rolling, we’re sharing 35 money questions you should ask and discuss with your spouse and breaking down why they’re so important to talk about. 

Debt

For many, debt is a hard pill to swallow and an even harder conversation to bring up with a significant other. Debt is stressful and can lead to feelings of guilt, fear, and regret. As hard as it is to talk about, it’s important that both spouses know exactly where each other stands in regards to how much debt they have and what the plan is to repay that debt. Debt is not a burden you need to bear alone.

Questions to ask

  • Do you have any debt?
  • If so, how much and where does it come from?
  • How do you feel about credit card debt?
  • Are you OK carrying a balance month to month or do you pay your bill off in full each month?
  • Do you have student loans, and if so, what is your plan for repaying them?
  • Are you looking to pay your student loans off ASAP or over the course of many years?
  • How much do you spend each month in total on minimum debt payments?

newlyweds-money-questions-in-article-the-everygirl-1

More Read

Should You Consider Closing a Credit Card?
I Tried 5 Different Budgeting Apps, Here’s How They Ranked
Time Blocking: The Productivity Method Successful Women Swear By

Source: Karolina Grabowska | Pexels

Saving and Spending

Your spending and saving habits can greatly impact the financial progress you make as a couple. Not being on the same page about how much you are comfortable spending and how much you want to save to meet future goals can lead to unnecessary fights. Get ahead of money squabbles by knowing what each other’s comfort levels and goals are.

Questions to ask

  • What do you consider to be a “large” purchase?
  • Is there a set number we can both spend without asking the other person first?
  • Will we join our finances or manage them separately?
  • Will we create a budget together or separately?
  • What are our savings goals?
  • How do we plan to work toward our savings goals?
  • How much do we need to save for retirement and what year do we hope to retire?
  • How much will we save for retirement each month individually and jointly?
  • Do we want to rent or buy a home?
  • If we plan to buy, how will we work together to save for a down payment?
  • What purchases are important to you (like travel or hobbies) and what purchases do you think are a huge waste of money (like dining out or luxury cars)?

Family and friends

Your friends and family members can provide a lot of love and support as you build your new life with your spouse, but they can also bring some stressful money situations into your life. Before tricky money issues arise with loved ones, make sure you and your spouse are ready to set boundaries and act as a united front. 

Questions to ask

  • Are we ever OK with lending money to friends or family members?
  • Are we OK with accepting financial gifts from family members, such as a down payment from our parents?
  • Will we contribute to our parents’ expenses as they get older?
  • Can we talk about our finances with friends and family members, and if so, to what extent?
  • How much money do we want to save before starting a family?
  • Will one of us stop working or shift to part-time work once we have a child?

newlyweds-money-questions-in-article-the-everygirl-2

Source: Mikhail Nilov | Pexels

Education

If you already tackled talking about student loan debt, it’s time to look at future education expenses that may be coming your way. Education expenses can be major ones, so it’s smart to plan ahead for them, even if the potential expenses won’t hit you for a few decades. 

Questions to ask

  • Are we paying for our kids’ colleges? If so, are we paying for all or some of it?
  • Will we contribute to the education expenses for another family member, such as a sibling or a niece or nephew?
  • Do we want to send our kids to private school?
  • Do either of us want to go back to school at some point in the future?

Money Management

It’s important that both spouses are actively involved in the management of their household finances, but it’s understandable if one partner is going to take the lead on money chores. Get clear on who will take on what responsibilities so nothing important slips through the cracks. 

Questions to ask

  • Who will handle managing our money?
  • How often do we want to come together to talk about money?
  • What financial decisions can we make independently (such as paying off the credit card bill early) and which do we need to consult each other on first (such as increasing monthly retirement contributions)?
  • Who will be in charge of paying bills?
  • Do we want to invest our money?
  • If so, how much are we comfortable investing?
  • Will we hire anyone to help us manage our finances or investments?

These money conversations may not be fun ones to have, but having them sooner rather than later will help you avoid money conflicts. That way, you can enjoy that newlywed glow without having to worry about financial fights with your new spouse. Congratulations!

Dilan Shields 07/01/2023
Share this Article
Facebook Twitter Email Copy Link Print

Editor's Pick

8 Moving Hacks That Make Packing Up So Much Easier
How to Work Out on Vacation to Keep Up Your Routine
The Morning Machine capsule coffee maker review
5 Good Credit Card Habits To Make a Part of Your Routine
How to Make Your Sex Life Better in Your Relationship

More Popular

Finance

Setting and Maintaining Boundaries at Work

By Dilan Shields 12 Min Read

What To Do After Successfully Networking

By Dilan Shields
Finance

Should I Quit My Job? 7 Things to Consider First

By Dilan Shields 13 Min Read
- Advertisement -
Ad image
Tech

Creality Sermoon V1 Pro review

Let's take a quick overview:Pros Fully built and ready to print Built-in monitoring camera Print &…

By Dilan Shields
Finance

Money Tips Everyone Should Know, From a Finance Writer

When I was in college, I interned in the marketing department of a financial services firm.…

By Dilan Shields
Tech

Sony WH-1000XM5 review

Let's take a quick overview:Pros Phenomenal audio quality Great noise cancellation Serious smartsCons No longer fold…

By Dilan Shields
Tech

Samsung Galaxy A52s 5G review

Let's take a quick overview:Pros Dazzling 120Hz screen Capable performance Strong camerasCons Unimpressive build Slow charging…

By Dilan Shields
Lifestyle

Wedding Morning Ideas to Try With Your Bridal Party

There’s nothing quite like the day you get married. You’re bound to be a bundle of…

By Dilan Shields

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?