What happens if you don't discuss money before walking down the aisle

What happens if you don't discuss money before walking down the aisle

Assessment

Interactive Video

Life Skills, Business, Social Studies

University

Hard

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A husband from North Carolina shares his financial situation before and after marriage, highlighting disagreements over financial contributions. Despite his wife's wealth, she refused to share household expenses, leading to their divorce. The advice given emphasizes the importance of discussing finances before marriage to avoid misunderstandings. In North Carolina, an equitable distribution state, the husband is likely to retain his retirement account and home, while the wife keeps her $800,000.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the financial agreement between the couple after marriage?

The wife would pay for all expenses.

They would not discuss finances.

The husband would pay for all expenses.

They would split all expenses.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What advice does the narrator give regarding financial discussions before marriage?

Only discuss finances after marriage.

Have a detailed financial plan to avoid misunderstandings.

Rely on one partner to handle all finances.

Avoid discussing finances to prevent arguments.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What mistake did the husband make during courtship according to the narrator?

He refused to meet the wife's family.

He did not save any money.

He set false expectations by paying for everything.

He did not discuss marriage plans.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was one of the red flags mentioned by the narrator?

The husband refused to work.

The wife had a large amount of debt.

The husband had no savings.

The wife lived a very pampered life.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does North Carolina's equitable distribution law affect the couple's assets?

All assets will be split equally.

The wife will lose her savings.

The husband will lose his retirement account.

Each will likely retain their respective assets.