University of Hawai'i University Relations Media & Publications Honolulu, HI 96822	(808) 956-8856 Telephone (808) 956-3441 Facsimile ur@hawaii.edu E-Mail
Contact: Ronald Wall, 956-2253	Air Date: June 22, 1998

Financial preparation for marriage pt. 1 It may be love that brings two people together, but it's often money that drives them apart. University of Hawaii Family Economic Specialist Ronald Wall says marriage is a union of economic units as well as people. It's important for couples contemplating marriage to discuss their finances frankly. Some things to talk about are: · Possessions: What will you bring to the marriage? What will you own together or separately? · How compatible are your management styles and spending habits? Who will be responsible for what? · Priorities and expectations need to be considered: What does each of you consider a necessity or luxury? and · What bills and debt is each person bringing into the marriage? How will this be paid? Ask each other: how much, how frequently and under what circumstances is it okay to use credit cards or take out loans? More on tomorrow's University Report, I'm Tracy Orillo-Donovan.

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