LaVoz
In English
En Español
In English
En Español
 
  Around the City
  Arts & Entertainment
  Automundo
  Business
  Classifieds
  Commentary
  Community
  Education
  El Mundo
  Environment
  From the Publisher
  Health
  Immigration
  La Vida Latina
  La Voz Special Editions
  La Voz NAHP Awards
  Letter to the Editor
  Mis Recuerdos
  My Money
  Nuestra Gente
  Of Special Interest
  Politics
  Pueblo/Southern Colorado
  Que Pasa
  Sports
  Student of the Week
  Technology
  Vecinos
  Where Are They Now?
  Archives
  Home
 
 
Planning to marry? Make sure you live happily ever after with your finances
 
 

By Pat Cortez
News@lavozcolorado.com
 
07/06/2011

Couples can best protect themselves against financial challenges by having a heart-to-heart money talk before getting married. Here are several topics to discuss before you say “I do”:

Assets and liabilities – Assets may include bank accounts, investment accounts and a house. Liabilities could include credit card debt, auto loans, student loans and unpaid medical bills.

Debt and credit history – Both of you have the right to know if your future spouse has a troubled credit history. Work together to improve your credit as couple, and make joint decisions about incurring future debt.

Household budget – Start by reviewing your incomes, monthly expenses and savings plans. Track all of your expenses for a month or two then work together to create a budget that’s realistic and right for each of you.

Financial transactions – First, decide whether to have individual or joint bank accounts, or a combination of each. Choose a financial institution with convenient locations, along with useful tools, like combined spending reports and online bill pay. Discuss sharing financial duties, like balancing the checkbook, paying the mortgage and monitoring accounts online.

Long-term financial goals – Will you buy a house, purchase a second car, have children? Agree on your long-term goals in the beginning and create a solid strategy and a disciplined savings plan to meet them.

Retirement planning - It’s never too soon to begin saving for retirement. Set your retirement goals and talk with a financial planner now to figure out how you can reach them.

 

 

 

 

 
Click on our advertising links for:
SERVICE DIRECTORY
CLASSIFIEDS
La Voz
'You Tube Videos'
An EXCLUSIVE La Voz Bilingue interview
with President Barack Obama
Pulsa aquí para más episodios

Follow La Voz on:

Tweeter FaceBook Tweeter
POLL QUESTION

 

© 2017 La Voz Bilingüe. All Rights Reserved.

Advertising | Media Kit | Contact Us | Disclaimer

12021 Pennsylvania St., #201, Thornton, CO 80241, Tel: 303-936-8556, Fax: 720-889-2455

 
Site Powered By: Multimedia X