Dear Dave,

I just got engaged, and already people are telling us that premarital counseling is a good idea. What is your opinion?


Dear Bradley,

It doesn’t necessarily mean that someone thinks you aren’t right for each other when they suggest you think about premarital counseling. In fact, I think it’s a great thing, a smart thing and something every couple should do prior to marriage.

There are four areas in which you and your fiancée should be in agreement before you walk down the aisle. These are religion, children, parents and money. Studies show that couples who agree on these issues prior to marriage have a much better chance of experiencing a successful marriage and spending long, happy lives together.

Unity creates romance, whether you’re talking about holding hands or handling money. And it’s not just about coming to an agreement, either. It’s about sharing your innermost thoughts, goals and dreams, and mapping out a life together that will make you both happy!


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FICO deception

Dear Dave,

How will it affect my auto insurance if I’m debt-free and have a zero or low FICO score?


Dear Anonymous,

There’s good news and bad news. The bad news is that it will probably go up. The good news is that it won’t go up nearly as much as the interest you’d have to pay to some bank to maintain your credit score!

My personal insurance is higher, because I don’t have a credit score. That’s because I don’t borrow money anymore, and haven’t borrowed for several years. But the FICO score has way too much control over our lives these days. It’s just not an accurate measure of how well you handle your money. You can easily have a really high FICO score and still be losing financially.

Think about this. If I handed you a million dollars, your FICO score wouldn’t change one point. The only thing a FICO score really does is measure your interaction with debt. That’s why I call it the “I love debt score.” It’s really a pretty bad idea for other reasons, too. It doesn’t take into account the fact that you may have been smart with your money and accumulated some wealth along the way!


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