Today I’m joined by Rachel Cruze, Personal Finance Expert & Bestselling Author, from Ramsey Solutions to talk about wedding budgets & awkward money conversations with your partner with Rachel Cruze.
Here's a summary of our interview:
Meet Rachel Cruze [02:50]
When should couples talk about their long-term financial goals?[6:08]
Should couples combine finances before they get married? [11:25]
What financial milestones should couples achieve before they get married? [17:25]
Why is it important to talk about debt with their spouse or partner? [19:03]
What debt should couples pay off before they get married? [22:20]
What if one person has more debt than the other person? [26:22]
How should couples figure out what their wedding budget should be? [28:02]
Should couples take on debt to pay for their wedding? [33:19]
How do you advise couples stop comparing themselves to others when wedding planning? [35:44]
Listener question 1: My partner and I have different financial goal but we have joint accounts. How do we get on the same page? [39:05]
Listener question 2: My parents are paying for the wedding but his guest list is much longer than ours. What should we do? [41:57]
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