Deborah Sawyerr:Financial Literacy Series (#3)

Deborah Sawyerr:Financial Literacy Series (#3)

The United States has recognized April as Financial Literacy Month and Grokking Money, a site dedicated to building better money habits, will be publishing articles throughout the month to shine a spotlight on the importance of financial literacy.

This week we are excited to feature the 3rd guest post for the Financial Literacy Series from the Deborah Sawyerr. The purpose of this series is to create awareness about Financial Literacy.

Deborah is an entrepreneur, a public speaker and educator in money literacy. She is a survivor and advocate of domestic violence. Her teaching also focuses on how money problems is a contributing factor to domestic violence.

She holds a BA(Hons) Housing Management and Development from University of Westminster. She has worked with many public sector housing teams serving victims of domestic violence whilst she secretly and silently endured her own struggles.

She is a loving and devoted mum to her 2 young daughters who were instrumental in helping her create her signature money literacy product for kids best known as Bring Nice Wellies But Stay Indoors. She divides her spare time spending it with friends and family, attending tennis tournaments and enjoying all things holistic living. Her ultimate vision is to giveback to Africa by educating market women traders in money literacy.

Don’t Say “I Do” Until You Ask These Money Questions

Hey hey Money Stylists. How have you all been doing? I want to give you some food not just for thought, but questions that you should not be afraid to ask your future partner well in advance before you say, I Do.
These questions are in no particular order of importance and are also not a definitive list.

  1. Have you ever gone bankrupt in the past and how did this happen?
  2. Have you ever checked your credit score and if so, what has been your highest and lowest scores?
  3. How do you plan your financial future?
  4. Are you a risk taker when it comes to your money?
  5. What types of invetment plans do you currently have?
Related:  Susie Q: Financial Literacy Series(#4)

I know that these may seem like very intrusive questions and yes they are. Please DO NOT ask such questions on your first date as I cannot promise you that you’ll be having a second date.

These questions are ones to ask once you have been dating for some time and have gotten to know each other.

However, there is absolutely nothing wrong with you pointing out that you plan on asking your ideal future spouse questions about money.It ‘ll make for a very good conversational topic. OK, so let’s move on to the next set of questions.

Don't Say I Do Until You Ask These Money Questions
  1. How many credit cards do you have and what are the balances on each of them?
  2. Do you have any outstanding loans including student loans?
  3. If you found yourself in a financial pothole, would you consider seeking help from a professional?
  4. Have you ever held a joint bank account with an ex, friend or family and if so, how well was it managed by all parties?
  5. Do you get angry or violent when loved ones tell you that you are being frivolous with your money

I particularly love the question on joint bank accounts. What’s yours?

As a bonus and in line with what I teach about money, I have one more crucial question which I’d suggest you MUST ask, even if you don’t ask any of the fore mentioned ones.

Do you consider yourself financially literate?

This article comes from Sawyerrs’ House Money Lifestyle a site dedicated to spreading the financial literacy. Check out her book on Amazon.

Deborah Sawyerr

Deborah Sawyerr

My Passion is Finance. I enjoy educating kids, young adults and adults on how to be money smart.

Social Media: Facebook | Twitter | Podcast

2 thoughts on “Deborah Sawyerr:Financial Literacy Series (#3)”

  1. All great questions to ask! When I was married, we had joint accounts, but I managed them pretty much exclusively. He didn’t want anything to do with finance stuff, which should have been a red flag that he was never going to take his spending seriously enough. And while I knew his financial situation going into marriage, it was an absolute mess. I helped him get it squared away, but it should’ve been another red flag (even if it was simply defaulted student loans due to sporadic work). But oh well. Live and learn!

    • Deborah is doing some amazing work in educating people on financial literacy. Her advice here is solid and to the point. Do check out her site and her YouTube channel for some of the videos.

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