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Decide how to handle credit cards going forward in your relationship


Life’s Financial Journeys

Heading Off to College
Getting Out on Your Own
Blending Two Lives
Having a Child
Emptying the Nest
Entering Retirement
Divorce
Death of a Life Partner
Military Life


Assuming you have resolved any issues with your credit cards from the past, you now need to discuss your plans for handling credit cards and credit card debt going forward.

Do you each want to have credit cards in your own names? Do you plan on paying off all balances at the end of each month? Do you plan on making fixed payments to credit cards?

How do you plan on handling unusual expenses resulting from emergencies or one time large purchases?

The following resources may assist you in deciding how to handle credit cards going forward in your relationship:

Becoming a Saver Not a Debtor

Understanding Credit Reports

Understanding Credit Scores

Pay Down Debts or Save?


Blending Two Lives Tasks

1. Creating a joint spending plan
2. Building shared credit access and usage
3. Managing dual careers
4. Protecting your income with life insurance
5. Estate planning

Building shared credit access and usage Subtasks

1. Decide how to handle credit card debt acquired before melding your lives together
2. Decide how to handle credit cards going forward in your relationship
3. Understand your mutual debt obligations

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