In the land of 'happily ever after', money-talk wasn't much of an issue, but these days, money arguments rank number one in relationship battles. It doesn't have to be that way. From the first date, to before you head down the aisle, to your 20 anniversary, talking about money and acting as partners in money as well as partners in love is a priceless advantage.
Our On the Money contributor, John Ulzheimer of Credit.com, has created a questionnaire to get the conversation started to see just how financially compatible you are as a couple. Remember--you can have different answers to each question and still be a great match. It's about what you do with those answers, how you manage them together and communicate that matters. Let's talk love & money --Carmen
1. Are you currently:
(a) Single, never married or currently not in a relationship
(d) Dating or engaged and never married
3. How important is saving money to you?
(a) Not at all important
(b) It matters but it’s not a priority
(c) I know I should save more
(d) Very important, I try to save as much as possible
4. What is your annual income?
(c) $100,001 - $150,000
5. How much credit card debt do you currently have?
(a) $0 – I pay my card/s off every month
(b) Less than $2,500
(c) Between $2,500 and $10,000
(d) More than $10,000
6. How much non-credit card debt do you have? (Student loan, Auto loan, Mortgage, other)
(a) $0 – I have no non-credit card debt
(b) Up to $50,000
(c) Between $50,000 and $250,000
(d) Greater than $250,000
7. Estimate your net worth (all savings and value of investments/assets minus the amount of your debts/liabilities)?
(a) I’m upside-down (I owe more than I’m worth)
(b) My net worth is between $0 and $100,000
(c) My net worth is more than $100,000
(d) My net worth is more than $500,000