MIA - Men with good credit

Your Momma Never Told You....don't expect your man to have good credit...but make sure you do!

I used to think it was just me who met men who were not particularly good with money but after hearing story after story after story...I have concluded men with good/superior credit are missing in action. As women, this may be a criteria we have to label...hopeful but not likely...when looking for a man.

Let's face facts, men think in the moment, they aren't planners...we are....but they sure can plan to spend your money. Men are selfish...if they want something they go to the store and get it...we on the other hand think about our purchases...what is best for the budget...and then we just go without. Men like to acquire things...it makes them feel good...we like to have experiences. With facts like these, women must make sure they are good stewards of their money and his if possible.

When it comes to money, follow these rules:

1. If you have a man who can not manage his money, don't give him access to yours (this includes credit cards or cosigning)!

2.If you are living with a man or married, keep an eye on your money, his money, and the money you share.

3. Never let a man have total control of the money. Have monthly meetings and make sure you understand the investments, accounts, transactions, life insurance, 401 K, etc. and the amounts that are in them. If you don't when he dies (hopefully that won't happen, but like I said...we plan), you will be left to pay the bills and figure out what happened to the money you thought you and your children were going to have.

4. Don't tell your husband/mate about all of your money...keep a stash. What he knows about, he will try to spend. If he loses his job or there is financial difficulty, he will be the first to want to cash in your 401 K.

5. Review your checking account(s) balance online daily and set up direct bill payments when possible. Know what is coming in and what is going out.

6. Learn about money and invest for yourself...read Smart Cookies: Guide to Making More Dough.

7. If you want to help him, give him a book on finances, suggests seminars, or tell him you will manage his money for him. Don't give him more money to blow...next thing you know...he will be gone with your money and your credit!

8. If you solely,own a home, get a pre-nup prior to marriage. Make sure you both understand legally what is going to happen if the marriage fails.

9. If you solely, own a home, and you get married...keep it in your name and never sell your home. Rent it. Keep it as a long term investment. Oh! He is going to want you to sell it...but don't.

10. Pay any bill with your name on time and control your debt.

Take care ladies...of your money!