Til Debt Do Us Part

January 13, 2011

in Financial Future

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I just found Til Debt Do Us Part, a blog that is for married and engaged couples who are in financial trouble.

The entire blog is done with audio clips, but there is some great information if you are already finding yourself in financial hardship.

She does have a few resources that you can use even if you do not want to listen to the audio clips. My favorite is her budget sheets, which you can print off and complete as a couple.

The budget sheets help you figure out your net-worth, expenses, and it has a money test for couples. The money test includes a section where you answer the questions as you think your spouse will.

The budget sheets will also help you determine where you and your future spouse differ in your ideas on personal finance. Here is an excerpt of what Gail has to say about that:

Money is the number one cause of failed marriages. Rare is the couple that agrees on how the pot should be divided and the bills paid. Most families are in debt, and with debt come family arguments, tears, tantrums and marriages on the verge of divorce. To save families from the doldrums of debt, each episode of Til Debt Do Us Part follows financial wizard Gail Vaz-Oxlade as she helps families go from red to black by getting to the root of their destructive spending habits.

Finding out where you and your future spouse differ (and relate) with money issues should be one of your top priorities before your wedding. Money problems can cause strife in your marriage so it is best to tackle them before the wedding date.

Handling the finances for your wedding day will give you practice for combining your finances in the future. You will have to manage your money, your fiance’s money, and the money of the parents who help pay for the wedding. You can use the skills you develop in the future when you have to start talking about retirement, dividend stocks, and buying a home. Let your fiance help make the decisions and keep an eye out for areas that you disagree. Use it as an opportunity to learn rather than an invitation for a fight.

{ 4 comments… read them below or add one }

20 and Engaged January 14, 2011 at 1:39 am

I’ll definitely check it out. Thanks for the tip!

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Heidi January 14, 2011 at 3:07 am

You’re welcome, it is a pretty cool site.

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Kristl Story January 15, 2011 at 2:34 pm

Budget worksheets are great, but you need to make sure to sit down once a year and update them. Our financial situations are always changing! Here’s another free budget worksheet to try. http://www.thebudgetdiet.com/budget-basics

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Heidi January 16, 2011 at 7:39 pm

I actually update my budget at the end of each month when I sit down to make sure all the bills are paid.

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