Getting married is a big step! Be prepared to start life on the same foot as your partner by talking about the three important issues that has the potential to impact any marriage.
- Your Future Hopes and Dreams Have you taken a moment to discuss what you both would like to accomplish (individually and as a couple) in the next five years? If the plan is to start a business, climbing the corporate ladder, or purchase a home, it's important that you both are on the same page and have a plan to support each other during this time. Discussing where you both expect to be in the next five years will help avoid conflict and allow you to plan for any possible challenges together.
- Family Matters Deciding when to start your family is a big deal. Children can be the greatest joy of your life, but also require significant financial and emotional resources. Make sure to talk about when you want to start a family and how that plays in with accomplishing your other goals. Figuring out a plan that includes how will you afford things such as maternity/paternity leave, childcare and medical expenses will be extremely important and it’s best to consider now rather than later.
- Money…duh! I’ve saved the best for last! I’ve written extensively about how to divvy up household expenses, but have you ever inquired about your soon-to-be hubby’s credit history? I know it doesn’t feel like the conversation will be a pleasant one, but it doesn’t have to be uncomfortable. It is important that you both know each other’s credit scores and any significant debt that would impact your future together. This information will be important when trying to buy a house, car, or anything else you want in life that will require the use of credit. So, it’s important that you know how much you both owe to creditors and how that will impact your lives.