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When is the best time for a couple to begin talking about finances?

On their first date

Before the engagement

During engagement

Right after the wedding

Before the engagement. Learn your partners approach to money early on in order to head off possible problems.

For newlyweds, joint accounts are always better to have than separate accounts.

True

False

False. Joint accounts create problems for some couples. Separate accounts or a hybrid of separate and joint accounts can work better for many.

Which of the following can a budget do for a couple?

Help them notice unknowns in their relationship

Help them learn where they are leaking money

Help them set a savings plan

All of the above

All of the above. Budgets are multifaceted and should not be dismissed lightly.

Which of the following is a mistake that couples make with their money?

Having plans that they dont share with each other

Having an emergency fund

Communicating about money issues

Discussing finances early on

Having plans that they dont share with each other. Keeping secrets can undermine the trust in a relationship.

Which is an important financial issue for a couple to discuss prior to marriage?

Each partners view of the overall view of the economy for the next year or so

How each partner would use an unexpected windfall, such as a lottery payoff

How you will manage the payment of expenses

How you will manage the payment of expenses. This is an issue that will pop up every day.