Tips for couples: Preparing to buy a home

preparing to buy a home

Spring has sprung! And so has the peak of home buying season. As the weather gets warmer and the flowers begin to bloom, many of us suffering from cabin fever from a long winter find ourselves experiencing House Fever too.   Are you and your partner considering buying a home this year? If so, you must have some important conversations about your finances and credit health before meeting with your mortgage loan officer.   Your home purchase is likely one of the most important and largest purchases of your life; and for that reason it can be stressful on your relationship. Having healthy credit and being able to get a great interest rate on your mortgage can save you a lot of money on interest costs and make your house payment much easier on your monthly budget. Working … [Read more...]

You’re ready for a relationship. But is your credit?

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If one of your New Year’s resolutions included finding that special someone to settle down with, you need to be ready and able for that special relationship. This includes your credit.   Talking about money issues with a romantic partner can be awkward, but once the relationship gets serious, it’s important to be able to be open and transparent with one another. Having money discussions is a great way to practice this important relationship skill.   Issues related to money are one of the top reasons for divorce, so sorting out all the money stuff before a lifetime commitment or marriage can give your relationship a much greater chance of surviving and thriving.   Now, I’m not a therapist or even a relationship specialist, but I have had relationships myself … [Read more...]

3 Credit errors couples make in the holiday season

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The holidays not only have the potential to be the best time of year, but also can be the most challenging for finances and relationships. It's common for couples to make one of these three credit errors over the holidays, and have it affect their relationship all year. A healthier choice is to learn from these common errors and have a financially fit 2015.     1. Not talking it over and having a plan together Issues around finances and money are consistently shown to be one of the top fights couples have. Add to that the stress of holiday gift giving, shopping, and tight budgets and you have a recipe for trouble in paradise. The best way to maintain bliss in your relationship is to discuss your household finances regularly, say once or twice a month, maybe around … [Read more...]

Trouble in paradise: Quarrels over credit

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Ah, summer, the season of romantic adventures and lazy mornings. It’s the perfect time to take your special someone on a romantic getaway or relax together by the pool. Sounds blissful.     Now say you’ve been with this special someone for a while now. Say the honeymoon period is over and things are starting to get a bit serious. When you used to talk about dropping everything and traveling the world together, now those hopes and dreams have taken on more than a touch of reality: buying a car, owning a home, starting a family. And you know it won’t be long before that special question arises: “What is your credit score?”     Surprised? You shouldn’t be. Financial health has always been a consideration in relationships. But in recent years, credit has … [Read more...]

Does Getting Married Affect Your Credit?

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Considering tying the knot? Congratulations! But, as any wedding couple knows, with wedding planning comes financial planning. The rings, the venue, the Pinterest-chic individualized party favors with gold flakes on them—with each addition to your perfect day comes a subtraction from your bank account.   All this spending most likely has you thinking about your financial future with your new spouse. I know how busy you are, so I’ve taken it upon myself to address the three most common questions couples ask me:   1. I don’t love my spouse’s spending habits. Should I try to teach my spouse new habits or just manage the finances myself?    One of the most important facts of life to know before you get married is that you can’t expect your spouse to … [Read more...]

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