Marriage and Money
WSB Radio Show Notes – April 10, 2005
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Summary: Marriage and money are tightly intertwined. While it's true that some people marry for money, it's more often the case that couples divorce because of money matters. A prenuptial conversation regarding personal finances is a good first step to making sure that you and your loved one are on the same page when it comes to money matters.
Here’s what Ilyce had to say on the Ilyce Glink Show, April 10, 2005
Charles and Camilla, the Prince and new Duchess of Cornwall, decided to forego a prenuptial agreement.
Which is fine for them – they probably didn’t even discuss their finances.
Still, most of us don’t have the resources available to Britain’s royal family, or Bill Gates for that matters. Money matters in a big way and that’s why you and your loved one should talk about money before getting married or moving in together.
How do you start? Consider sitting down, over a glass of wine, and asking each other these questions:
- How much money/debts do you have? How much do I have?
- Are you a spender or a saver?
- What do you spend your month on each month?
- Do you know approximately how much things cost? Where do you go shopping for food and drugstore items? Do you know the least expensive place in town to buy things?
- How do you feel about discount stores?
- Do you know how much your current credit card bill will be?
- Do you know how much money is in your wallet right now?
- Do you know how much total debt you owe and how much you spend on interest in a given month?
- What kind of billpayer are you?
- What kind of gift-giver are you?
- What are your financial dreams? How do you want to live in the future?
- What would you cut out of your budget in order to live on less? What trade-offs are you willing to make?
Need personal finance advice or real estate advice? Send your questions to Ilyce Glink: www.ThinkGlink.com
Copyright © 2005, WGN-TV
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