Money Talk Matters

Posts Tagged ‘credit report’

Being the money manager such as I am, there are times when you might not tell your spouse everything that is going on with the finances. Why does this happen? Well, I can think of several reasons – you do not want to add to his stress level, you think if you told him he would go off on you (not physically but verbally), you believe you can get it handled and no one needs to be the wiser.  Listen wives, for whatever reason it – do you realize you are shouldering all the burden, stress and frustration. You also could be making decisions without all of the information and your husband could be assisting you.

Has this happened to me? There were some times when I was not discussing in complete detail the money with him because I was working the plan. I told my husband give me a chance to work the plan. Now was he willing to do it? Yes, because when I have said that before it turned out to the benefit of everyone and not to anyone’s detriment. So he knows when I say I am working the plan that it will give him more freedom later to shop without scrutiny. See, in our marriage he is the shopper and not me.

Do I think we all are shoppers at some point. Yes, because I will buy up Barnes and Nobles if left to my own devices. But other than that, it is quiet when it comes to shopping from me. I  digress, when a financial issue presents itself that you did not plan on and it gets bigger and bigger, who do you turn to? When I was single and this happened, I did not turn to family, friends, nor anyone in my church. What happens then Ladies is that things spiral out of control.

Once things spiral out of control, it is almost like no turning back. Before things spiral out of control today, I am here to help you. I’m the wife who has been in debt, homeless, came back from being in debt, restored and happily married to the same man that I married when I was in debt.  Do you need someone to encourage you that you can get out debt, share with you how to talk to your husband about finances and establish a plan as well as much more… then become a member of MarriageMoneyMatters.com today which is for wives.

I will be working with you on reviewing credit reports, providing one-on-one financial counseling, holding you accountable to discussing money and marriage with your husbands and much more. Join today and get the answers in the privacy and comfort of your own home.

This question came in and I wanted to get the comments started. Will a marriage break up if one person is willing to work hard to clean up the debt and the other one is not? Let’s jump right in and say, no it does not have to.

First and foremost when dealing with date, prioritize the date in order from the smallest to the largest. If you are not aware of all the debt you have, then order your credit report from one of the credit bureaus so you have an accurate picture of what your credit reveals.

Then once the reports are in, sit down and tak with your spouse about the household financial situation. Make sure that when you have this talk, all minds are clear and you are both focused on your financial picture for now and the future. You cannot begin the journey, if you do not know where you as well as where do you want to end up.

The person that is working hard to clean up the debt needs to get the other person involved. They can make a chart together and establish timelines to have this debt cleaned up. It is imperative that why you are in the cleanup stage new debt is not be creating by anyone.  That defeats the entire purpose and cause even more issues.

Once all the debt is cleaned up it needs to be understood by everyone in the household that new debt should not be created. Ask the other person how did they feel knowing there was debt? What steps can you both take to in order to expedite the cleaning up process. Do not turn into the solo effort on this, it is not necessary.

Welcome to Money Talk Matters. I invite you to take a look throughout this site. You will find information, resources, interviews and answers to every day personal finance questions. 

You will learn about the different roles of money in your life, guidance for individuals, engaged couples, married couples and even military servicemembers, their spouses and families.

Whether you are re-evaluating your finances, cleaning up old debt, preparing to walk down the aisle or even searching for answers in a time when the economy appears to be grim, MONEY TALK MATTERS.

You are invited to send in a question that you would like to have answered. Know that you will be given recommendations on personal finance issues and at the end of the day, the responsibility is yours to choose what you will or will not do.