The Crucial Money Questions You Should Already Be Asking Your So

When my little brother and I were young, my mothers merely spoke about fund in Hebreweven thoughEnglish is my mother’s first language. I blame them for my stunted fiscal know-how.

During college, I was wise enough to educate myself. Im inquisitive by nature , not the type to hide anything from my SO.I felt sufficiently confident to discuss money matters with my boyfriend early on( in English, even ).

You dont need to be engagedto talk about fund, because even casually dating merits a conversation. Bring it up whenever you feel comfy enough, or when curiosity overwhelms you.

Spending and saving habits tell a lot more about a man than his mouth does.Be warned, though: Discussingmoney can get tense.

Im not quite sure what my mothers were hiding when theyusedanother language to discuss money. However, I’m recognizing also that talking honestly about bank account numberscan be harder than talking about the number of partners youve each slept with.

Here are some important questions to start with.

How much do you induce?

Direct, I know, but why not?

Being legitimately curious about how much your boo attains is OK. To ease up on the pressure attached to this line of questioning, ask foraballpark estimate.

If you won the lottery, what would you do with the money?

If the previous topic is too much for you to start with, this is an easy one. Your man’sanswers can give you a good sense of where his values and priorities lie when it is necessary to money.

Would he put it all away? Donate most of it? Invest? Orhe would perhaps buy his girlfrienda brand new Ferrari for her birthday?

How do you frankly feel about paying for dates?

This is probably a good question to ask on date three. Hisanswer will provideinsight into how he views financial responsibility in a relationship.

Personally, I think its unfair to expect the guy to always pay. Why should he be responsible for feeding two people?

What kind of employee perks should I know about?

People can get all kinds of discounts and perks through their employers, like discount hotel rates and individualized retirement plans. Is the guy youre dating taking advantage of them? If hes not, hes probably not as smart as you think.

For example, my boyfriend and I have enough perks through our respectiveemployers to cover significant costs when we vacation together.

Perks should right be up there with standard qualities people list about their partner, like the fact that he’sfunny and romantic. Lets be real, all the romance in the world can’t get you a discounted rate at the Maui Marriott.

How do you track spending?

If youve made it past the casual dating stage of a relationship, you should be comfortable enough to delve deeper into his wallet. Otherwise, his spending habitsmight come as a nasty astound later.

When an ex told me he didnt track his spending because he had a sense of it, I wanted to shake him. I picked his brain, trying understand his supernatural ability to only know how much he spentwithout checking.

Your man could bereally savvy and use apps likeMintto track spending, but even the old school style of writing expensesdown on paper is smarterthan simply having a “sense.”

Do you have any retirement funds, like a 401( k) or an IRA?

This is asimple, yes-no question. If hes strategic, he definitely has one of these.

Preparing for retirement is pretty sexy, in my humble opinion.

What does “being rich mean to you?

Everyone has a different idea of what wealth entails, whether that’shaving enough money to travelling or owning several homes. See where you both stand, and if your goals line up.

Up until you choose to get hitched or move in together, conversations about money are just like those about anything else. They matter when youre getting to know each other, but thats about it. When you make a commitmentto someone, however, those matters take on a whole new meaning.

What is your credit score?

I hope both of you know what your credit scores are. If not, feel free to make a romantic night of checking them online.

Credit scores might not seem that important in your early 20 s, as youre probably not buying a house. In 10 years time, however, you’ll need have a good credit standing in order to invest in property.

Are you in debt?

So important! Marrying someone who has any kind of indebtednes, like student loans and credit card debt, is not ideal. While we should all strive to get married debt-free, that’s not always realistic.

Being bogged down by debt affects how much money you can spend on living expenses, since a good chunk of what your partner stimulates would have to go toward paying it off. Are you ready to sign up for that?

What are your thoughts on prenups?

We cant merely feign that divorce is not a thing.

It’s better to discuss how you’d divide up your assets now when you’re in love, as opposed to afterward, when you could potentially dislike each other. Don’t even get me started on custody of the dog.

Save yourself a big, fiscal mess during a potential divorce.

Are we doing the joint bank account thing or what?

Discussing how to blend your fund is a must. What if fund flies out of his pocket within seconds of get a paycheck? Createa system that works for both of you.

Money shouldn’t be frightening for either of you, just new territory to conquer. You’d be surprised at how much a conversation can help.

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