As we leave winter, more and more wedding bells are heard. Young couples as well as mature couples are ready to say, “I do”, before ever discussing important decisions that must be made beforehand. Not planning for the rest of your life can put a strain on your marriage and significant other. Some of the most important decisions in marriage are bills, planning for children, purchasing your first home, and financial planning. These are the key areas that bring harm to a relationship and cause couples to divorce. As you make one of the biggest choices in your life, be prepared for the union.
What people fail to realize is that the pastor mentions that you become with your spouse. Becoming one means having everything come together. This includes whatever bills that your spouse had in the past. Whether it be student loans and unpaid credit cards, it no longer becomes their problem. It is best to have this discussion. Find out what you they plan to do with their excessive bills. Will it just damage your credit or do they have a plan to clean up their debt. One of your best options is receiving counseling on what can and can’t be tolerated. Their focus in your family and the best way to eliminate the stress and burden of paying bills.
First Home Purchase
One thing that newlyweds need is a roof over their head. Regardless if it is a condo or a two-story ranch style home, a choice eventually has to be made. You each may currently have your apartment, but eventually that has change. There aren’t many newlyweds that continue to live in separate homes. With this being said, it is necessary to decide which home will falls within your financial budget. One of the biggest issues, when buying a home, is applying for a home loan. The most dangerous fear is being locked into a home loan that will alter your budget for the rest of your life. Whether new or slightly used, the best decision is to talk with someone that is very knowledgeable in the area of home loans. This will benefit you for the rest of your life.
Extending the Family
Right under buying a home is planning for children. Although it is necessary to have a roof over your head, it is also necessary to have the right roof over your head. Have you planned how many kids you plan to have? Are prepared for the unexpected child. This eliminates the need of having to relocate or extending your current home. If you both desire to have kids, now is the time to buy a three bedroom and not a two. The more, the better.
Records show that most couples separate, due to financial problems. There was no planning in advance and after marriage, it is too late. When it comes to financial planning, it goes beyond paying bills. It is necessary to know how much income will come into the house, how much will be saved on a weekly or monthly basis. Are there any plans to prepare for children? Also the situation with paying bills is important. Solving these problems will eliminate stress and pain in the future.