
5 Crucial Financial Questions You Should Be Asking Your Partner Before Marriage

Do you have more deal breakers than you do deal makers when it comes to your relationships?
We often talk about dating potential, but for many of us, we substitute red flags early on for hope that falls into the should've/would've/could'ves, ultimately leading to larger issues that are detrimental to the relationship in the long run. While some factors contribute to us turning a blind eye, like clinginess, regular communication with an ex, and a combative attitude, other things are considered definitive turn-offs when it comes to dating. We get into the nitty-gritty when it comes to sex, as it's one of the most named determinants that turn both men and women off when not done right, but what about something we all have to deal with, but don't like to delve too much into?
Money.
In a new report, GOBankingRates administered a Google Consumer Survey for all 50 states and Washington D.C. where adults were asked to choose their biggest financial deal breaker. Categorized into six divisions–one party doesn't bring into sufficient income, overspending, poor credit, being secretive about finances, one party being too cheap, and having excessive debt. The results?
Residents in half of the states said that overspending would be their biggest deal breaker. This answer is followed by being secretive about finances, which residents of 19 states and the District chose as a top deal breaker, and too much debt, which was selected as the biggest deal breaker in 12 states. Lastly, for residents of just one state (New Hampshire), poor credit is the biggest financial red flag in a relationship.
In states where residents live paycheck-to-paycheck (Hawaii, California, and New York make the top 3), it's easy to see why a partner who overspends is noted as the top financial deal breaker, whereas states like Kansas, Mississippi, and New Jersey where residents are faced with the highest rates of poverty, have the lowest levels of financial knowledge, the largest credit card debts, and the highest rates of households that live beyond their means, avoid getting into a relationship where the person has too much debt to handle.
If you don't believe these things aren't of any significance in a relationship, guess again, with research showing disputes over finances oftentimes lead to breakups and divorce.
Sonya Britt, a Kansas State University researcher concluded that “arguments about money [are] by far the top predictor of divorce. It is not children, sex, in-laws, or anything else. It's money–for both men and women." That comes as a surprise to me, but money is so much of a big deal in relationships, that financial infidelity is actually a term used to describe couples who aren't forthright about their finances.
Time reports that 22% of husbands and wives have made purchases they didn't want their partner to know about; 35% of those who hid purchases kept quiet to avoid a lecture, and CreditCards.com conducted a survey that found 1 in 5 couples commit financial infidelity, with 6% of Americans (or 7 million out of 120) have a secret bank account or credit card that their spouse or partner isn't aware of. Out of those surveyed, here's what was found:
That number is heavily skewed toward men, with 26% of males reporting a hidden major purchase compared with only 14% of females. But it's not necessarily because men are more dishonest. A previous study showed they're simply more likely to make large impulse purchases than women, meaning guys may just be a little more freer with funds...a surprisingly high number of men–31%–are okay with their partners dropping more than half a grand without notice. Only 18% of women said the same.
Over the course of 11 years in my relationship, I can easily say disagreements on finances have been the most challenging, with me struggling with student loan debt, garnishment of my work wages and income taxes, to say the very least. Every little dime counts and having to scrape pennies together to make ends meet, while being involved with a man who wasn't the breadwinner, definitely added to an insurmountable level of stress in my home.
Sharon Gilchrest O'Neill, author of A Short Guide to a Happy Marriage, suggests something I wish I would have asked at the very beginning–or at least something my partner should have asked me–in order to ensure we were on the same wavelength when it came to money before life coached us in the right direction.
Crucial Questions To Ask A Potential Partner Before Marriage:
- What kind and amount of debt would each partner carry into the relationship?
- How will the debt be dealt with as legal partners?
- Once you are partners in finance, what are your positions regarding how much debt is acceptable?
- How many credit cards do you have in use?
- Will you pool all your money together or have any separate accounts? What amount of savings do you each regard as acceptable?
There's even a financial compatibility test you should take to determine if you and your significant other are a money match. Living a financially double life affects both of parties. In an article for The Guardian, one writer accurately states what all couples should be asking before choosing to settle down.
You may need to decide if you can live with your partner's bad habits or not. Living with secrets, however, is another matter altogether...When you decide that you're going to combine your lives, talk openly about what it means to combine your finances.
Don Grant, a financial advisor at Carey, Thomas, Hoover & Breault Investments, goes on to say that he believes “a reason that these problems arise is that for so many years, we are independent and make our own money decisions," making it “hard for many of us to acknowledge that anyone else has a right to a say over that."
I wanted to pick the brains of three women to get their thoughts on how just how important are finances to them, how it affects their personal relationships and financial deal breakers. Check out their thoughts below.
I believe the right time to discuss finances and credit with your significant other is when you two start talking about moving in together, having children or getting married. It's incredibly important for me to know my significant other knows how to effectively manage his money now. But when he and I got together (I was 21, he was 19), I wasn't that smart. I wasn't thinking about anything like that. I was more concerned with who I had the most fun with, who made me laugh, who was good in bed, etc. We have both grown and made money management a priority, but only after suffering and making so many mistakes over the years. If I were single now, I wouldn't get serious with someone who refused to be candid with me about overspending, poor credit, or debt. Communication and growth are just way too important to me and if we can't know honestly where each other is financially, then how are we going to grow together? So, dishonesty and repeated recklessness are financial deal breakers for me. We all make mistakes, but making no effort to grow is a deal breaker. -
I had a bank account; he didn't. We kept a small hat and when he got a paycheck, in the hat it went. When I got mine, same deal. It was always our money. If I needed something, I would let him know and vice versa. We were very open about how much we made and if I found an extra dollar somewhere, it was ours.
I'm not sure how we got to that point, but we were always very open with everything else, so money was just another thing. He was nervous about getting a bank account because it was so easy to click opposed to actually getting the money out of your wallet and handing it over. This method helped us prioritize and I'm a frugal at heart, so I was glad with that decision. I still had my bank account, but we would literally put enough to pay bills once a month and let it rock with a minimum balance until the next cycle of bills.- GG Renee Hill
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Last summer I left my job and we were back to the broke pair. My bank account was nil and the money we did get from his job was just enough for survival–nothing else. It was rough because our relationship suffered. I blamed him for not being man enough to sustain his family; he blamed me for the same. It was hard to see ourselves growing apart, but we understood that money was the issue.
We knew what had to be done, but had no way to fix it. We couldn't have conversations about it because it was that hard not to point the blame. Eventually when I started working again, in December, we had the sit down. I told him we needed our financial life together and I was recently reading articles about it being possible. He told me he just wants to save–saving for us to build our credit and saving for us to create a bed for Ryder. I watched my parents lose a lot without good credit and I barely made it into my apartment because of it and I needed that to change. We're on a road to financial recovery with a method of saving.
What was really important for us to keep in mind was that we needed to be on the same page. It is always a team effort and even when one is making more than the other, it's crucial to remember that teams win- solo acts don't. If we work together, we can learn how to build our finances together.- Stella
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My husband and I met in college. We were both poor and both eagerly anticipating finishing school, graduate study and beginning our careers. The first few years, money was never discussed and when we moved in together, we realized that we should have been talking about it all along. I lucked out with him because when we began discussing finances, my husband was very knowledgable about credit and mortgages and basic household finances. Since my father was a CPA, I would call on him to give us basic advice about beginning to save and what steps we should be taking as young professionals, but I only asked for advice–I never disclosed details about the money in my home (never do that, keep your business in your house).
However, it was not always easy. Student loan debt, credit card debt from having to have a dream wedding, first job salaries, bills, all make saving extremely difficult, but it makes it easier when you marry a man who can be honest about his finances. We decided to have a joint savings account and separate checking accounts and thus far, money is never a concern because we contribute what we are supposed to and pay bills as a unit. If I could do it all over again, I would have discussed saving and financial goals from day one because not everyone is blessed enough to avoid that conversation and still work out.- Brittany
How do you approach the conversation on credit and what are some of your own financial deal breakers? Weigh in in the comment section below!
Devale Ellis On Being A Provider, Marriage Growth & Redefining Fatherhood
In this candid episode of the xoMAN podcast, host Kiara Walker talked with Devale Ellis, actor, social media personality, and star of Zatima, about modern masculinity, learning to be a better husband, emotional presence in marriage, fatherhood for Black men, and leading by example.
“I Wasn’t Present Emotionally”: Devale Ellis on Marriage Growth
Devale Ellis On Learning He Was a ‘Bad Husband’
Ellis grew up believing that a man should prioritize providing for his family. “I know this may come off as misogynistic, but I feel like it’s my responsibility as a man to pay for everything,” he said, emphasizing the wise guidance passed down by his father. However, five years into his marriage to long-time partner Khadeen Ellis, he realized provision wasn’t just financial.
“I was a bad husband because I wasn’t present emotionally… I wasn’t concerned about what she needed outside of the resources.”
Once he shifted his mindset, his marriage improved. “In me trying to be of service to her, I learned that me being of service created a woman who is now willing to be of service to me.”
On Redefining Masculinity and Fatherhood
For Ellis, “being a man is about being consistent.” As a father of four, he sees parenthood as a chance to reshape the future.
“Children give you another chance at life. I have four different opportunities right now to do my life all over again.”
He also works to uplift young Black men, reinforcing their worth in a world that often undermines them. His values extend to his career—Ellis refuses to play roles that involve domestic violence or sexual assault.
Watch the full episode below:
On Marriage, Family Planning, and Writing His Story
After his wife’s postpartum preeclampsia, Ellis chose a vasectomy over her taking hormonal birth control, further proving his commitment to their partnership. He and Khadeen share their journey in We Over Me, and his next book, Raising Kings: How Fatherhood Saved Me From Myself, is on the way.
Through honesty and growth, Devale Ellis challenges traditional ideas of masculinity, making his story one that resonates deeply with millennial women.
For the xoMAN podcast, host Kiara Walker peels back the layers of masculinity with candid conversations that challenge stereotypes and celebrate vulnerability. Real men. Real stories. Real talk.
Want more real talk from xoMAN? Catch the full audio episodes every Tuesday on Spotify and Apple Podcasts, and don’t miss the full video drops every Wednesday on YouTube. Hit follow, subscribe, and stay tapped in.
Featured image by YouTube/xoNecole
Traveling This Summer? These 10 Layover Hacks Will Get You Through.
With the current administration that we have, I’m sure it comes as no surprise that summer travel is in a bit of a slump this year. Still, that doesn’t mean that many folks aren’t going on some kind of trip that requires air travel, and, in order to keep a few extra bucks in their pocket, they are avoiding direct flights. Instead, they are booking ones that require some sort of a layover.
Layover. Although it isn’t exactly “music to our ears” whenever we hear the word, it doesn’t have to be a tremendous burden if you know some tricks of the trade that will make a layover more bearable. Luckily, I’ve got 10 that could actually make this your best year for summer travel yet, y’all!
10 Layover Travel Tips You’ll Be Glad You Know
1. Research Best Layover Airports (Yes, There Is Such a Thing)
If while planning your trip, if it looks like a layover is going to be more than 90 minutes, it never hurts to research the airports that are the most user-friendly as far as layovers are concerned. From what I can see, several studies reveal that George Bush Intercontinental Airport (Houston, Texas) gets a lot of props, thanks to the food options and the amount of frequent flyer miles that you can stack up.
Some other airports that top the list include Detroit Metropolitan Airport, Seattle–Tacoma International Airport and Denver International Airport. If you want to save money on your travel by having a layover, purposely landing in these cities can make the wait much more pleasurable for you.
2. Download Your Airline’s App
Whatever airline you plan on flying on, make sure to download its app before heading to the airport. There are many reasons why this is a solid hack including the fact that:
1) you can check-in and get a mobile boarding pass; 2) you can get real-time travel updates; 3) you can utilize the entertainment options that they have (including the airline’s Wi-Fi); 4) you can see how to best navigate through various airports; 5) you can easily contact their customer service support; 6) you can oftentimes track your checked baggage, and 7) some apps (like Delta) can even help you to store where you parked your car (if you put it in long-term parking) in your smartphone, so that you can easily find it upon your return.
3. Also Download Your Entertainment Beforehand
If you happen to be on a flight that either doesn’t have Wi-Fi or charges for it, you can still enjoy your movies ‘n stuff by downloading them before you leave. This can also come in handy at the airport when their internet access is running hella slow because so many people are accessing it.
4. Choose a (Layover) City Where You Have a Friend
Although I don’t hate to fly, I wouldn’t exactly say that it’s my favorite thing to do. And so, back when I used to fly to South Africa to see some family, it was common for me to stop over in London for a couple of days because it’s the halfway mark for me — and seven hours on a plane is a lot easier to endure than a whopping 14.
That said, if you’re planning on an international trip, you’re not the biggest fan of flying yourself or, again, you want to save a few coins by booking a flight that has a layover or two — why not use this as an opportunity to hang out with a family member or friend in another city? That way, you can get a break from air travel and get in some quality time with them as well.
5. Pack Some of Your Own Snacks
If you’ve ever wondered why airport food is so damn expensive, one of the main reasons is how much it costs for each restaurant to rent their space is completely insane. Plus, there are things like vendors, commission costs and all kinds of other “blah, blahs” that make the mark-ups so crazy. That’s why it can never hurt to bring some snacks along — non-liquid items that you can pack in your carry-on that will get you through your layovers without you breaking the bank in the process.
6. Put an Empty Recyclable Bottle in Your Carry On
Since a lot of airports have water refills stations available, you can stay hydrated while also keeping coins in your pocket by packing an EMPTY recyclable bottle in your carry-on too. Most TSAs will totally allow it. As far as refills on actual drinks, some airports allow those as well (after you purchase one drink from them, of course); never assume, though. Ask before making the purchase.
7. Have a Portable Charger in Tow
Maybe it’s just me but, even though airports seem to be filled with charging stations all over the place, it’s like only half of them actually work (and I’m being gracious on that!). That’s why it’s also a good idea to invest in a portable charger. I don’t know what took me so freakin’ long to get myself one; however, it’s basically my BFF at this point.
The one that I will cosign on is the ANKER Zolo Power Bank, 20,000mAh 30W Max Fast Portable Charger. It charges pretty fast and I’ve been able to get about three full charges on my smartphone before needing to charge the portable one all over again. Such a lifesaver!
8. Get Some Lounge Access
If almost everything about airports gets on your very last nerve, you definitely need to get some airport lounge access. It’s quiet(er); you have lots of room to stretch out; the food and drink that they have to offer is typically free; many lounges have spaces that are designed and designated for children; there are convenient work stations, and some even feature spas and showers (I know, right?).
And just how do you get your hands on all of this? You can do so by flying first or business class, using your frequent flyer miles, presenting your military ID or purchasing a membership or even a day pass access into your airline’s lounge.
9. Cop Some Duty-Free Samples
If you are going on an international flight, make sure to take advantage of the duty-free shops, not just because you are usually able to purchase items from there without paying local taxes but they oftentimes have free samples that you can stock up on as well; this is especially the case when it comes to beauty-related items.
10. Stay over a Night
Since a fair share of my friends are in the entertainment world, they tend to travel a lot. What is always funny to me is how most of them talk about flying to almost every city in the country while only actually visiting a handful of them. My point here? If you are headed one place and you decide to not have a direct flight, if the city where you are having your layover is one that you’ve always been interested in, stay over a night or even two.
You can find some hacks for how to find cheap hotel rooms by checking out “Hot to Get Cheap Hotel Rooms: 20 Tips and Tricks” on Travel Mums’ site.
BONUS: Get an Exit Row Seat
If one of the things that you hate about changing planes is how uncomfortable the flights can be, space wise, ask to be put in an exit row seat. You will automatically have so much more room without having to pay what first class passengers do. Brilliant. Happy (and safe) travels!
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