[‎‎‎‎‎‎‎‎‎USER]

I’m wondering if it’s possible to hit financial independence as a single mom of two making 66k a year?

I have a boyfriend who wants to marry me but doesn’t have a penny in his 401k or Roth IRA.

I have some money in both with a rental property and my own home.. thoughts?

[Sherie]

I’m not sure I’d risk my financial future (home, current and future assets) to marry someone who doesn’t bring similar amounts and mindset to the financial picture, esp with children involved.

Something to think about…What are the upsides of being married in your situation?

Prenup is def a consideration but an irresponsible partner can financially damage you in ways that document won’t cover. Can you retire?

Yes, if you can save and invest enough on that salary while staying debt free.

[Mee]

Why get married? It’s essentially a business arrangement. If you get divorced, he will take half of what y’all earned during the marriage.

You can do everything without being married.

I don’t think you can benefit at all from this marriage.

You have two children to care for. He might fight for their inheritance if something happens to you.

I might have been listening to too many Reddit stories about spouses who suck.

[Trina]

No advantage to marriage. Tell him you might possibly consider it when he makes good strides towards saving and planning for his retirement.

Even then definitely a prenup should be expected by him.

[Step]

This is a big incompatibility.
Do not marry a man who brings nothing to the table financially.

It will lead to resentment.

He needs to get his affairs in order before marriage. Do not marry this man, even with a prenup.

[Michael]

Of course you can be financially free, but adding a 3rd or potentially more dependents will slow you down.

Definitely do a prenup

[Van]

Given that your financial goals do not align and you have the future of your children to think about I would not do a legal marriage.

If you enjoy his company and if he is a great companion perhaps you can just do a ceremony and ring exchange.

You don’t have to sign a legal contract.

[Andre]

Money problem is one of the first cause of divorce.

If you are not aligned on money, chances are very low for a successful marriage.

[Ris]

Prenup protect you and your kids
How old is he this may be a red flag if he’s 40+ no kids do you want to be burdened by a person who doesn’t prepare for the future.

Don’t rush things

[Olga]

Have you been married before? Some single moms want to get married to experience the wedding and the married life and to “check the box”.

I have seen this happen, and it doesn’t usually work out.

On top of that, it can be a costly experiment. What kind of need will this marriage fulfill for you?

If you just need a life companion, he can give that to you without any legal obligations.

[Sonya]

If you don’t align on finances, this is not a partner for you. Run the other way.

Even an ironclad prenup is not going to be enough here if the partner is bad with money.

Marriage should not even be on the table here, especially if you are alone and supporting your children.

Take care of yourself first, no need to tie yourself to a liability.

[Panich]

The best OR worst financial decision one can make is who they marry.
Make good decisions on the spouse you make or financial devastation will be in your future.

And have an IRON CLAD prenup!

This is coming from a woman who knows quite a few women who took stupid men to the cleaners.

[Ashley]

I am 2 years into the divorce process w/ my husband of 18yrs. He is also engaged to a new woman. While married, he racked up 40k in cc debt (I helped pay all this off.)

He has currently maxed out all his cc cards again, 60k worth & got fired from his job, unemployed for a year.

I have an order of protection against him & I have no desire to contact the new woman BUT I tell you this because:
Do you know his credit score?

Will he show you a report? You will inherit 1/2 of any of his debt.

I absolutely believe in marriage again for me down the road & I absolutely now believe in a pre-nup.

Currently offering to pay Ex my retirement & 60k because I’m keeping our condo.

Feel like I’m starting at square one

[Swanson]

My husband and me dont align at all on finances and it has caused a lot of grief. Im the saver, he saves nothing. He makes 30k more than me and still saves nothing.

Every dollar “we” have saved is due to me.

If you can live with being the financial executor..

[Suzi]

Definitely a solid prenup! As well as talks on financial responsibility after marriage. If he doesn’t agree, then no go.

This is about protecting all of your hard work and assets.

[Author]

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