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Practical Money Matters Radio Series

May 23, 2011
Before Saying "I Do," Take These Financial Vows


Wedding season is almost here. If you’re planning to walk down that aisle, here are a few financial items every couple should discuss before the big day.

Transcript

With wedding season around the corner, brides- and grooms-to-be are finalizing their wedding plans. If you’re planning a walk down the aisle, here are a few key financial issues to talk over:

• Outstanding debts. Tally up student loans, credit card balances, car payments, mortgages and other bills.

• Because lenders often base decisions on whichever spouse has the lower credit score, it’s better to know each other’s scores now.

• Align your goals. Make sure you’re on the same page about home ownership, continuing education, starting a family and when you want to retire.

Bottom line: Open and honest discussions about money now can ensure your marriage gets off on the right financial foot.


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