North Florida Nesties
Dear Community,
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
QOTD Thursday
Did you & DH discuss finances before marriage? If either of you have debt, was there full disclosure?
Re: QOTD Thursday
We got married a few months after graduating college, neither of us had any debts or assets besides owning our cars. However, DH was in grad school, so we did have to talk about the debt we'd be taking on for his masters. We also set our budget and were really careful while he was in grad school to not accrue any excess debt, living off just my salary.
Once he graduated and got a job, we had to have more serious talks about the future and what we intended to do to pay off debts and accrue more (house, my car, etc.) But it was actually really easy for us because we went in with virtually nothing, and have had to make all decisions together. We both have pretty much the exact same opinion on what's important, what's worth spending money on, etc, so finances have luckily never been an issue in our marriage.
Yes. I had a few credit cards and student loan debt. DH had an old apartment charge that was in collections. We had to pay the collections off before we bought our house. So that was gone before we were married.
We actually kept our bank accounts seperate when we first got married and split the bills just like we did when we lived together before marriage. I felt like this was fair since I came into the marriage with debt and it was my responsibility not his. We had not planned to combine our acounts until we had kids but I got laid off so we had no choice.
Yes. We had been living together since 2004 & we got married in 2010. Once we were engaged we opened up a joint account and currently each do a 90/10 split of our paychecks into our joint and personal accounts. We discussed all debt & we've taken it on as a couple. We paid off my 2 small credit card balances and now both student loans and our Amex come out of our joint account.
We knew we both wanted money in savings each month & we wanted to contribute to retirement funds, but the exact goal on that wasn't determined. We've developed it and changed it as our income & debt changes. DH handles finances on a daily basis & I'm happy to let him do it. I check our account just about every day, we discuss when bills are being paid, when money is going into savings & what our goals are.
"My 101 List - Updating asap, I swear!
Ooo good question! I had always been very naive about money so I really did not even know the right questions to ask or understand the extent of debt that we both came to the table with when we got married. We lived together for a year and I handled a lot of the bills while DH was gone on his ship for work, but the entire bulk of our debt was not understood until after we were married and put all of our money together. The slow, sweat-inducing realizations did not come to me until we started working out the budget. Luckily I now understand that what we have to do in order to pay down our significant debt (we both own houses-I rent mine out, huge truck payment, toys, credit cards etc)....too little too late, but at leastIi like our house, DH's truck et al, b/c we will have them FOREVER.
Our finances were combined for a few months before we got married.
We both brought a small amount of credit card debt in, which we discussed and managed to pay off pretty quickly. Any debt since then has been accrued since we've been married.
I feel like I see on MM all the time about how the DH has a crap ton of debt and the poster had NO IDEA. I can't imagine how that happens.
DH & I talked about finances before we got married. I came into the marriage with debt (SL, CC & Car) & he had minimal CC debt. From there we made a plan to get out of CC & start saving.