- How much money do we earn together? Now? In one year? Five years? Ten years? Who is responsible for what portion? Now? In one year? Five years? Ten years?
- Are our combined salaries enough to cover all our living expenses without using credit cards, getting help from others, or dipping into savings?
- What are our categories of expenses (housing, utilities, clothing, insurance, travel, food, etc.)? How much do we spend monthly and annually in each category? How much do we want to be able to spend? Now? In one year? In five years? In ten years?
- What debt are we bringing into the relationship? Who is expected to pay it?
- What is our ultimate financial goal regarding annual income and when do we anticipate achieving it? By what means and through whose efforts?
- How much money do we have in checking accounts right now? How much money do we have in our savings accounts right now?
- How are our credit reports? What are our credit scores?
- How much money have we saved or invested elsewhere (stocks, annuities, retirement funds, etc.)?
- How much money should be in our savings accounts so that each of us feels safe? How much do we contribute to it and when? Who makes these contributions and in what proportions? Where do we put this money (bank account, mutual funds, retirement plans)?
- What assets are we each bringing to this relationship? How will they be managed and/or shared?
- Do we keep our money in individual or joint accounts?
- What kinds of purchases must be jointly decided upon?
- How do we decide how to spend our money? Is there an amount ($50. $500, $5000) over which we need to discuss a purchase before committing to it?
- Who keeps the household books and pays the bills?
- Who does long range financial planning (retirement, investing)? How are these decisions made and who implements/tracks/manages them? How is life insurance secured? In what amounts? Who are the beneficiaries? Do we have pre-existing investments and if so will any changes be necessary after marriage?
- If we have dependents from a previous relationsip, what part of our finances goes to them, now and in the future? When unpredicted financial events pccur involving them, what is the new spouse's involvement/input/responsibility?
- What is our financial responsibility/policies towards older family members (parents, etc.)? Who will assume financial responsibility for them? Manage their money if they can't? Pay their living expenses (nursing home, etc.)? Cosing loans with them?
- How much money will be spent on gifts and for whom? Birthdays, anniversaries, graduations, etc.?
- How will we be covered with health insurance? Do either of us have preexisting health needs or conditinos? How will we plan for and pay copayments and out of pocket deductibles?
- What about other kinds of insurance? Short and long term disability? Long term care? Vision, dental prescriptions? Homeowners/renters, auto, etc.?
Congratulations @painrikudou! You have received a personal award!
Click on the badge to view your Board of Honor.
Do not miss the last post from @steemitboard:
Congratulations @painrikudou! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!