Posts Tagged ‘engaged’

postheadericon Finances is a Loaded Issue

Finances is a loaded issue for any marriage whether you are engaged, newlywed or married for a long time. It is loaded for several reasons:

(1) We bring our own preconceived ideas into the relationship about money;

(2) We bring past experiences from other relationships into it (good, bad or indifferent)

(3) We also bring our dreams of what we would like our lives to be when it comes to money

(4) We also try to live up to what other people think we should be doing with our money in our marriages.

When you look at those and you add being married to that component – it may even seem like a “double whammy”. Each of those 4 components above applies to each person in the marriage. Therefore, because it is a loaded issue IT WILL require work and involvement on the part of both the husband and the wife.

When it comes to money and marriage, sure one person may manage the money; however it requires both people to be involved in order for their to be peace in the marriage about how money is being spent, how bills are being paid and financial plans for the future.

In your immediate surrounding between your family and friends, marriages that go the distance are those where they talk about the money. I didn’t say argue – they talk about the money, have a plan and work it together. They realize they are on the same team and not against each other.

postheadericon Engagement broke off, where’s my ring?

I tell you I am such a Court TV junkie and tonight I came across this particular episode that lines up with the previous post about being broke and one future spouse doing everything. Take a look at this:

Problems with this couple:

1) Lack of Communication and Limited Communication

2) Arguing in front of the child

3) She continuously took this gentleman to court. I must admit when it gets to those levels, you do not need to get married.

At the end of the day, this woman does not even remember this person proposing to her. He wants the ring back and stuff that he left. I tell you what I was thinking when I watched this when she walked in she was twisting this ring on her finger. I could not help but wonder if that was the alleged ring. She told the Judge it wasn’t… I still remain somewhat suspicious.

Brides-to-be and grooms-to-be it should not be that hard. If anyone has to get physically abused walk away. That’s not the person for you.

postheadericon Broke in Engagement Phase and SICK of IT

There are many brides-to-be and grooms-to-be that are dealing with one of their future spouses being broke and they are shouldering all the bills during the engagement phase and they are sick of it. It is not only because they are shouldering all the bills, furthermore, they are the one taking care of keeping the house clean, cooking dinner and more. Incidentally, this is beginning to wear on the one that is bringing in the income.

Newsflash – If this is what is happening when you are engaged and you are not expressing your concerns and talking about it, the same will occur once you are married. Notice I said if you are not expressing your concerns – not arguing, calling each other names, walking out and leaving things unresolved. None of those behaviors solve financial shortcomings. Let’s break it down.

When you are engaged and only one of you are bringing in the income – yes initially it seems okay but it will wear off in a short matter of time. Here is what you look at: 1) Does your future spouse have the initiative to change jobs or get a job if he or she is not working; 2) Do they also have bills and you are paying his or her bills in addition to yours and are you able to do it without falling behind on your bills; 3) It sends a message when he or she is not paying her bills during the engagement phase because what will they do when an emergency or situation happens once you are married?

Let’s take it here, what would your parents say if they knew your future spouse was not paying his or her bills and you were paying everything? If you won’t tell them, what keeps you from telling them and why? My purpose here is to show you this could be a red flag because people do not change once they get married. As a matter of fact, after a period of time they get comfortable and what you put up with for a certain period of time becomes acceptable and they do not expect they should change.

You can be sick of shouldering all the bills and are you going to TALK about it? What is it that you want to see happen in your finances while you are engaged and then let’s talk about once you are married. Because normally what happens while you are engaged gets carried over into the marriage. Set the right foundation now for financial and marital happiness not discord.

postheadericon Engagement and Money Talk Constantly

I was thinking that this week and everyday, let’s face it you should ensure that you are comfortable with talking about money with your bride or groom-to-be during the engagement. Money issues will happen during that first year of marriage that can literally tear the marriage apart and leave you both in divorce court if you both are not strong and secure in your relationship. Its not about whether or not you have been together for a really long time, its more about your level of communication and being a team.

There are a lot of brides and grooms that treat each other as if they are opponents instead of allies. What is the point of being married if you are going to be against each other instead of for each other. It will not take much to tear you apart if you have that mindset. Should you be discussing money on a regular basis during engagement? Yes. Why you ask? Because not only does it costs money to have a wedding (regardless of who is paying for it), you both have an opportunity to see how each one of you handles money.

Are you being cautious or a spendthrift? Are you staying within budget or going over budget every chance you get because you want the wedding of your dreams at everyone else’s expense. Make sure you are sending the right message and that you are not creating an environment of financial stress and strain even during the engagement.

postheadericon Engagements during Thanksgiving leading to Low Cost Discussions

I wonder how many couples got engaged during Thanksgiving where now either the bride-to-be or groom is looking to cut costs already for the pending wedding. I think I saw a tweet where a groom was looking for ways to reduce costs. It truly is amazing to me, how crafty the brides and grooms get at ways to reduce costs, expenses for the wedding day and might not have had one discussion about money for their marriage.

Sure, it is all good to reduce costs where you can. Wouldn’t it be even better or like icing on the cake to know your marriage could handle financial challenges that might present themselves based on discussions you have had and continue to have during the engagment.

Since this is the beginning, pay close attention to how both of you handle money, talk about money as well as what you agree and or disagree on when it comes to money. Time will tell if you can handle it or not.

postheadericon Fiance Does not Share Her Support of Expenses

Money is an important topic when it comes to engagement and marriage. This is yet another anonymous question that came in from a soon-to-be groom. What do I do, my fiance does not share her support of expenses? Heavy duty topic which can lead to an uneasy discussion but this should be talked about.

I would imagine this groom-to-be is not the only person that is dealing with this issue. First, how long has your fiance not been willing to share in his or her support of expenses? What people fail to realize is this, if their is a certain behavior that is exhibited that you do not agree with yet you remain silent, then it is perceived in the other person’s mind as accepted or agreed upon. Therefore, for example if the fiance has not ever shared in her support of expenses, then it will take some doing to change that behavior.

Next, I would recommend that you sit down with your fiance and begin talking about the money matters more in depth than you were before. This clearly should raise a red flag that the does not share her support of expenses. Why is that? Are some of the expenses hers? Are these wedding expenses? Also are these needs or wants? These are definitely questions that you need to sit down and discuss now. Why? You are headed down a road of pointing the finger and blame if one person does not agree with financial expenses that are happening in the marriage.

You cannot look at this one sided and place all the blame on her. Be honest with yourself because deep down you know what the reason is. Do not be in denial. Both of you need to take responsibility and discuss your finances openly. What are the mutual financial goals for the marriage? What debt is being brought into the marriage by the husband and the wife and so much more. Do not avoid having these discussions or you could be setting your marriage up for financial stress unnecessarily.

Financial secrets upon being revealed can divide a marriage. Begin talking with your fiance today about the expenses.

postheadericon So Many Do Not Discuss Money Before Marriage – Why?

Last night I received this question from a colleague via my facebook page. Yes, I am on facebook as well. This is the exact wording – I still find so many do not discuss money before they get married. Why is that? What are your thoughts? It is such a vital topic that people seem to avoid for one reason or another.

I kept thinking about it last night and decided to write on it today. Money has been labeled that “taboo” topic. However, people are beginning to talk about it because of what has happened with the economy. Most of the ones that are discussing it though are already married. The effect of the economy when it comes to brides and grooms are discussing how to have their dream wedding for less. There are couples that are even going so far as to ask their guests to pay for their wedding. Mind you, some of those couples are getting married for the second time and I have clear views on that, but I digress.

Below are some of the reasons I know people are not talking about money before marriage:

1) Fear – Afraid if they tell their soon to be spouse about their financial mistakes, they will break off the engagement or wedding. Result: Other financial mistakes occur while you are not sharing about the initial ones.

2) Secret – Believe if they can just get beyond the wedding day, then they will be the ones to manage the money and their spouse will not find out. Result: it does eventually come out and can lead to arguments and trust being removed.

3) Caught UP in the Wedding Day – Both the bride and groom are so “caught up” in the wedding day, they do not even think to talk about money. Result: as soon as the honeymoon is over and the other one finds out about their debt, the arguments begin, distrust occurs and much more.

4) Denial – Don’t discuss money because they think they have a handle on everything. Result:  As soon as that unexpected financial expense happens, they don’t know what to do. Usually turn to mom and dad instead of each other.

5) Want to be a statistic – By not discussing money before marriage, couples are choosing to go down the path of potentially becoming a divorce statistic. Getting divorced because of money.

6) Don’t soon to be spouse to they are a shopper. This way they can walk down the aisle and then attempt to curb it initially and then revert back to their trueself.

7) Lack of trust. They do not trust the person when it comes to money based on past baggage with someone else, so they are not even willing to open that door.

Those are some of the reasons people would not discuss money before marriage. I don’t agree with them because at the end of the day, all of them could lead to divorce court.

What do you think?

postheadericon Marriage and Money Movie #26 – A Thin Line Between Love and Hate

I was minding my own business this morning driving home from a meeting and this movie came flooding my mind. I thought to myself absolutely.

This movie included Martin Lawrence, Lynn Whitfield, Regina King and Della Reese. This movie has a couple of turns and twists in it – let me share without giving away the plot of the movie. Martin plays Darnell who is managing a night club, thinks he is a ladies’ man. His childhood sweetheart is Mia who had joined the military. His mom is Della Reese which I believe was perfect casting.

Darnell is working at the club and Lynn Whitfield whose character is Brandi is a very upscale, classy woman that comes to the club and steps out of a limousine. She has money, likes the finer things in life and of course, Darnell sees her as his ultimate challenge as a ladies’ man.

Just like boys, Darnell and some of his pals are making bets on how long it will take him to get physical with her. Initially Brandi rejects his attempts. Eventually he wins her over and that is when everything changes between Darnell, Brandi and Mia. Before you think you know what happened, trust me you don’t. You will want to see this movie – lies, relationships, money and more…..

Money Implications:
Just because someone has money does not mean they do not have their share of issues in life. Some could be financial and they could also be something else. If you have money and do not know how to manage money, you can get into financial trouble really fast.

Money Tip #1: Establish financial goals for yourself and your marriage and/or relationship with deadlines.

Money Tip #2: Character Mia was comfortable with who she was and she had goals for herself. Be true to yourself and where you are financially. Do not attempt to keep up with someone else. Do YOU!

Money Tip #3: Pay attention to how your groom is spending money when you are dating or during the engagement. Is he lavishing you with gifts and not paying his bills? That will cause financial stress in marriage. Make a note.

Observations:

We all know men like a challenge. Well some women do to. It is important that you keep the love alive in your marriage. Talk with your mate. Ask them about their job and what would they like to see happen in the household finances if you have not ever asked them the question. Husbands and wives alike want to be appreciated and not ignored or made to feel unappreciated.

Recommendations:
(1) Do not discount what you have thinking the grass is greener on the other side. You could be making a costly mistake.

(2) Work with your mate for financial independence and not against them. Be the best that you can be with that mate.

(3) Be careful what you ask for, you may just get it and discover it is not what you truly wanted.

(4) Pay attention and listen to what your spouse is saying. They are revealing information to help alleviate stress in the marriage.

(5) Establish your mutual financial goals and do not get distracted by other people’s opinion on what they think you should be doing.

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postheadericon Marriage and Money Movie #25 – Guess Who

I had to watch this movie a second time to make sure it fit the marriage and money movie reviews. I am sooooo glad I did because it was a great addition. This movie had various dynamics that I am going to point out that can benefit so many on different levels. Take your time when you are reading these reviews because if you can think back to the movie, you can see these different points of view.

Without giving too much away this movie dealt with an affluent family, race, unemployment, lies, and money. One of my favorite actors that I got to see in person and truly miss that was in the movie – the late Bernie Mac. Ashton Kutcher was also in this movie.

Ashton plays Simon in this movie and has become engaged to Bernie’s (Percy) daughter – Teresa. Simon and Teresa are going to her parents for the weekend to celebrate their 25th anniversary. She has not told her parents that he is white. Percy has pulled Simon’s credit report and is pleased with what he sees. When they arrive, Percy mistakes the cab driver, who is black for his daughter, Teresa’s boyfriend. Then when Simon introduces himself as her boyfriend, Percy is taken shocked. Percy looks around to see if anyone sees Simon standing in the yard and says we need to go inside. Then he begins in on Simon with the 20 questions. He is very suspicious of simon.

Percy later asks his wife, why didn’t the daughter tell them he was white. Wife admits she had figured it out. Simon begins contacting old friends and colleagues to see if he can get a job before anyone discovers he does not have a job. Percy does not like him from the start and wants to take him to a hotel.

Money Implications:

Do not hide your financial background from your soon to be spouse. When the truth is revealed it could divide and destroy your relationship and marriage. There is nothing wrong with putting your cards on the table to ensure the one you love knows you are not attempting to keep secrets, especially financial secrets.

Do not lie about your employment situation. You can only pretend so much and it will catch up with you.

Money Tip #1: If you love someone, love them regardless of income.

Money Tip #2: For parents, do not make your grown son or daughter feel as if their choices are wrong when it comes to a mate without talking with your future son or daughter-in-law.

Money Tip #3: Do not prejudge a person based on the color of their skin. That type of discrimination affects a person as a whole which includes their work performance.

Money Tip #4: Parents should be knowledgeable of how their future son or daughter-in-law handle different financial situations.

Observations:

When it comes to love, race should not matter. Your heart does not discriminate – love who you love and enjoy life.

Do not lie about your employment because it will affect the entire household. Once you say “I Do”, all situations (employment, education, financial and more) affect the household.

If you start out lying to your future spouse, you will slip up and the relationship could begin to deteriorate.

Recommendations:

1) Be honest and proud of your soon-to-be spouse. You are the one that has to live with the person and make joint decisions. You should not be embarrassed about this person or anything.

2) Know that when you enter into a marriage and it is different races, you can get the looks and even some comments – do not address people’s ignorance. Love the one you are with because they love you. You don’t have to impress anyone.

3) Talk WITH each other versus AT each other. The power of speech also affects your finances, ability to work effectively and efficiently whether you work for someone else or have your own business.

4) When you are building a relationship with your in-laws, it takes time. Build the relationship without passing judgment. This is your soon-to-be spouse’s parents.

5) Before you borrow money from parents or in-laws, know up front that a lot can happen from that i.e. change in the relationship, parents watching how you spend (they may think you are wasting their money) money and more. Make sure everyone understands whether it is a gift or a loan.

postheadericon Parents: Protect Your Wedding Investment Before You Throw Your Money Down the Drain

Your daughter is engaged and the wedding plans are in full force. For some of you the wedding is happening relatively soon and you continue to charge this and pay cash for that so your daughter can have the wedding of her dreams. Regardless of what the economy is doing, wedding are happening throughout the United States and worldwide.

 You want this to be a day she remembers for the rest of her life. Are you prepared to protect your wedding investment or throw your money down the drain? Think about this, we have all heard money is one of the top reasons for divorce. Do you realize that the BIGGEST marital expense of them all is divorce?

 Now that I have your attention parents, do something that is not the norm when it comes to paying for weddings. I’m talking about protecting your wedding investment and include life skills for your daughter’s marriage. When young women are getting married, their main focus is on their wedding day because they have dreamed about it for years, yet they do not think about what happens after the honeymoon.

 I have talked with different parents over the last few months in various settings and they ask me what do I do? When I share with them that I am a money and marriage advocate, I teach couples how to communicate about money throughout the lifetime of their marriage. Their immediate response is, “I wish you had talked to my daughter before she got married.”

 Have you felt like this as you have watched your daughter plan the wedding and spend your money? So how do you protect your wedding investment? Give your daughter financial skills that she can utilize throughout the life of her marriage. It does not have to be intrusive nor judgmental but in essence a tool that says this is an area where most couples struggle and have limited financial knowledge. Therefore, as your parent that wants to see your marriage succeed, I am giving you this gift of financial education that will keep on giving.  Once you learn how to talk WITH your soon-to-be groom about money throughout your marriage and financial challenges you may face, you can handle anything.  

 Of course you could say, she is an adult and knows how to manage money. Are you thinking that or do you know 100% that she is a good money manager? If there is any doubt, get her Money Talk Before The Commitment Walk and The Debt Stops At The Altar today which was created by Dr. Taffy Wagner, of Money Talk Matters, LLC. This financial education program can be purchased through  this site, www.MoneyTalkMatters.com .

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