Source: Laura Weiss-Cook, lmwc@k-state.edu
News release prepared by: Kayela Richard, 785-532-1546, media@k-state.edu

Tuesday, April 26, 2011

MARRIAGE AND MONEY: COLLEGE STUDENTS READY TO EXCHANGE VOWS SHOULD EXCHANGE 1xbet sports betting INFO FIRST

MANHATTAN -- Graduate from college, get married.

These two big life-changing events can be common this time of year, but a Kansas State University expert says college students, whether in school or getting out soon, should do some 1xbet sports betting planning before planning the wedding.

Laura Weiss-Cook, graduate student in family studies and human services and peer counselor for K-State's Powercat Financial Counseling, said students planning on marriage should begin by discussing 1xbet sports betting attitudes and expectations concerning money with 1xbet sports betting future spouses.

&1xbet sports betting ;Individuals should expect their partner will be open and honest with them regarding finances,&1xbet sports betting ; Weiss-Cook said. &1xbet sports betting ;It's reasonable to expect your partner to live within the budget and financial goals you establish together.&1xbet sports betting ;

Students should learn 1xbet sports betting partner's history of handling money and financial priorities. Couples should honestly reveal any assets and debts to 1xbet sports betting partner, she said.

A common mistake students make is not discussing ground rules for purchases of small and large items that could lead to further debt and cause conflicts, Weiss-Cook 1xbet sports betting .

&1xbet sports betting ;Facing financial issues as partners, having regular reviews of where things stand, as well as creating an environment in which both members of the couple can discuss money honestly and respectfully, can help prevent conflict,&1xbet sports betting ; she said.

Weiss-Cook recommends that 1xbet sports betting not co-mingle the individual debts that they accumulated prior to the relationship. Individual credit card debt and student loans fall in this category.

Couples need to establish a division of money management tasks and have short-term and long-term goals for the future. &1xbet sports betting ;These goals typically consist of buying a home, having children, repaying debt, making investments, having a savings plan and planning for retirement,&1xbet sports betting ; she said.

Students can pay down pre-existing debt and avoid further debt by creating a spending plan that is in line with 1xbet sports betting financial goals. This plan will help couples live within 1xbet sports betting means while meeting savings or debt reduction goals, Weiss-Cook said.

&1xbet sports betting ;Decisions should be made with thought and research to determine if expenditures are both appropriate to their goals and the most effective way of meeting these goals,&1xbet sports betting ; she said. &1xbet sports betting ;An emergency fund of three to six months of expenses will help couples be ready for the unexpected.&1xbet sports betting ;

A spending plan also can help 1xbet sports betting establish how much money is available for debt payments.

Another big decision is whether to consolidate checking and savings accounts. Weiss-Cooks says it will depend on individual circumstances.

&1xbet sports betting ;It's not required to have a joint account,&1xbet sports betting ; she said. &1xbet sports betting ;Some couples combine every aspect of their finances and others combine none. Some couples may have an individual account but then also have a joint account they use to pay family expenses such as rent or a mortgage.&1xbet sports betting ;