Before popping the question this Valentine’s Day, consider checking with your financial advisor first.
Love is in the air, with America’s favorite Hallmark holiday hitting on Friday. And while one may believe that this is a time to shop for flowers instead of financial advice, there is a strong case to be made for including an advisor in the decision-making process before settling down with that special someone.
Yes, it’s true. Two’s company, three’s a crowd. But when that third person can spot the red flags that may prevent you from embarking on a lifetime of financial misery, then maybe it’s worth a quick huddle before pricing wedding rings.
“I think it’s super helpful for couples to go through a goals exercise or do a money personality test on each other. It’s not so much about finding out ‘Oh my gosh we are so different, this isn’t going to work!’ But, instead it can help strengthen their relationship with money and better understand how they each think and feel about it,” Eric Herzog, certified financial planner at Prime Capital Financial said.
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