Love & Marriage ... & Credit
When you say “I do,” you don’t just tie the knot with your significant other; you’re marrying their financial habits, too. In a recent Experian Consumer Services survey, half of married adults say credit scores were important in choosing their spouses. From the wedding day forward, credit score conversations play an important role in several life decisions. These life decisions are important ones, from buying a new house to getting a loan for a new car, it’s crucial to have a serious conversation about finances before getting hitched!
This information probably does not come to you as a surprise, considering the independence of adults in the world today. Men and women both are becoming more and more romantically and personally independent, and being financially independent is at the front of the race as well.
- Beauty is in the eye of the credit holder. When it comes to spousal attractiveness, wives place greater value than husbands do on open dialogue about finances and credit scores.
- Financial responsibility rounds out the ‘Whole Package.’ When assessing compatibility, both married and unmarried couples regard financial responsibility as just as important as personality, attractiveness, and career ambition. The study shows that 95% of participants rate “financial responsibility” as important, with “physical attractiveness” and “career ambition” following at 86% and 77%, respectively.
It’s simple to see that finances are an important part of life, and being compatible with your spouse is a big deal. So, if a trip down the aisle is in your future, it might be a good idea to have a little financial heart-to-heart to make sure you’re starting out on the right foot.