The month of June continues to be regarded as the most popular month for tying the knot. With that being said, there are important steps you need to take before walking down the aisle in order to avoid fighting over finances. Couples need to first understand each other’s attitudes and concerns about money and then concentrate on the strategies and tools they will use to organize their financial affairs.
1.) Have a pre-wedding financial discussion: Share past money management experiences, and be honest. Discuss where you want to be financially in five, 10, and 20 years and express any fears you might have associated with money and brainstorm ways those fears could be alleviated.
2.) List your financial goals: this is a way to find out what is important to each of you. Rank the items on the list according to importance so that when the lists are compared and consolidated it will be easier to concentrate on the most important issues.
3.) Make a monthly budget: Many people cringe when they hear the word budget, but keep in mind you do not have to deny yourselves the things you love, just work them into the budget.
Money problems are one of the most significant factors that can lead to divorce.
Click here to read more on the financial steps you need to take before walking down the aisle.
If you are in a financial crisis and are considering filing bankruptcy, contact an experienced Miami bankruptcy attorney who can advise you of all of your options. As an experienced CPA as well as a proven bankruptcy lawyer, Timothy Kingcade knows how to help clients take full advantage of the bankruptcy laws to protect their assets and get successful results. Since 1996 Kingcade & Garcia, P.A. has been helping people from all walks of life build a better tomorrow. Our attorneys’ help thousands of people every year take advantage of their rights under bankruptcy protection to restart, rebuild and recover. The day you hire our firm, we will contact your creditors to stop the harassment. You can also find useful consumer information on the Kingcade & Garcia website at www.miamibankruptcy.com.
