![]() ![]() “Were their parent’s frugal or big spenders? Did you live on a budget? Did your parents talk about money or was it a taboo subject? What is your spouse’s greatest fear with their finances? All of these answers will play into a marriage and how that partner treats money today.” Michelle Perry Higgins, principal of California Financial Advisors and author of various financial books says it’s also important to have an understating of how your spouse views money and how they were raised around money. “Temperament is a huge potential source of conflict,” he says adding, one person may be upset that their spouse is spending too much, but the issue may not be just that they can’t afford it but may be something deeper, such as a real fear of not being able to pay their bills some day. It’s actually a clash of temperaments,” says Matt Bell, associate editor at and author of the book Money and Marriage. “A lot of the fights between spouses that seem as though they’re about money aren’t about at all. If you’re in a second or third marriage and you have alimony or child support payments or even if you expect to provide financial support to aging parents or adult children in the future, that is something you need to address as early as possible.ģ. (If you’re already married and still withholding this info, now is the time to bring it up). ![]() This is the time to mention outstanding debts, loans, income sources, investments or other financial assets or obligations. Experts agree that fully disclosing your financial situation with your significant other before tying the knot is a must, regardless of how uncomfortable it may be. ![]()
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