Questions to raise before saying "I Do" from Maxed Out

Disagreements about money are one of the most common fights for couples. Make sure to talk about more than hopes and dreams. Finances can be the backbone of your future.

1. Five-year Future

Make sure you both are on the same page. Does one of you want to go back to school? Is someone planning on opening a small business or buying a home? Consensual short, medium and long-term financial goals go a long way.

2. Assets and liabilities?

It's important for each person to know where the other stands financially. Pre-nuptial agreements aren't only for Hollywood. If you own a home, have investments or children from a previous marriage, you probably need a pre-nup. Talk about this sooner than later. Bringing it up on the eve of your wedding is not the right time.

3. Separate or Combined

Some couples like the trust and bond built by sharing finances, and others feel more secure maintaining their financial autonomy. The decision may be personal and individual, but one that needs to be discussed.

4. Determine spending habits

If he's a big spender and you enjoy nights alone with your budget, you'll want to find common ground early in the game. Determine what a "big purchase" means to each of you then decide on a protocol.

5. Who Pays the Bills?

Determine how the bills are to be paid and whether it is a "divide and conquer" strategy or a "shared quest".

6. Financial Risk Compatibility

Beware the mismatch of risk tolerance. Determine your comfort levels and where each of you stand on financial risk taking. Then either compromise, or decide on separate investments.

7. Insurance Options

Sometimes adding a spouse on an existing health, life or auto insurance plan costs less than maintaining them separately. Don't double up and be sure to check coverage by your employers.

8. Credit Report?

Know your partner's credit history. If you intend on making a joint purchase, like a house or a car, credit counts, so it's best to know what you're dealing with.

9. Existing Debt

Decide on a means of dealing with your individual debt. Be wary of consolidating. Should you go your separate ways, commingled debt can get complicated.

10. Joint Accounts

Think about a joint account for joint purchases or expenses like housing costs, groceries, dinners out, and family vacations. Keep separate accounts for financial independence and personal splurging.