Lincoln financial expert warns couples to prepare for financial union before marriage
LINCOLN, Neb. (KLKN)- In Nebraska, you can expect to pay thousands on your wedding day and experts believe discussing finances upfront could save time and money.
Financial expert Tim Kulhanek says surprises are the last thing you want before you tie the knot.
“Once you get married, it’s not your money and my money,” he said. “It’s our money, it’s our debts.”
Kulhanek believes honesty is the best policy to prevent confusion when your big day is concerned.
“Finding out after the fact that somebody you know actually has $30,000 in credit card debt is going to be a pretty tough way to start a marriage,” he said.
Some ways to prevent an unwelcome shock before walking the aisle include using a financial adviser, communication, and disclosing the baggage each party comes with.
“We need to get the basics,” Kulhanek points out. “You’re going to have a lot better outcome, because the sad reality is, the vast majority of couples argue over finances, and it’s one of the leading causes of divorce.”