Primerica

Archive for June, 2018

Jun

14.18

Love may be blind when it comes to certain traits about your significant other, but seeing eye-to-eye on financial matters before getting hitched can save you and your loved one a lot of heartache down the road.

Considering that 21% of divorcees cite money problems as the main cause of a failed marriage – and factoring in the high cost of a divorce – it’s a subject that most experts say is vital to discussing before taking the plunge.* Here are four critical financial questions to ask your partner before saying “I do”:

What is your credit score? If you’re thinking of marrying someone, you’ll want to know if that person will bring as much to the table as you will, and vice versa. A low credit score can always be improved, but if you’re thinking of tying the knot, you have a right to ask. If your mate is forthcoming about a bankruptcy, it may not be the end of the relationship, but you’ll sure be glad you found out.

How much debt do you have? You’ll definitely want to know if your significant other has a significant amount of debt before you pledge to spend your life with them. If a large percentage of their income goes to debt repayment, you’ll need to consider how it will affect your household budget.

What are your financial goals? The financial goals of a person can be very telling about them, especially if that person is a future spouse. Where do they see themselves at 65? Do their financial goals coincide with yours?

Should we combine our finances? Do you like the idea of a joint account or are you more comfortable with separate spending? Discuss the pros and cons of both scenarios as well as a combination of both.

*Magnifymoney.com, “21% of Divorcées Cite Money as the Cause of Their Divorce,” February 13, 2017

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Jun

11.18

On May 23, the recipients of the 2017 Employee Choice Grant Awards program gathered together with Home Office employees and members of The Primerica Foundation for a special recognition event.

Primerica Home Office employees have the opportunity to nominate and choose from among a diverse selection of deserving non-profit organizations once a year. The Primerica Foundation awards five local non-profits with $10,000 each following the company-wide vote. The awards are designed to recognize smaller organizations that are making a strong impact in the local community.

The top five winners of the 2017 Employee Choice Grant Awards included Alzheimer’s Association of Georgia, CURE Childhood Cancer, Hope Animal Assisted Crisis Response, MUST Ministries and the Will to Live Foundation. To date, 28 non-profits have received Employee Choice Grant funding from The Primerica Foundation totaling $280,000.

Tom Gonter, Development Officer for MUST Ministries, says funding from The Primerica Foundation carries long lasting value to those who truly need it. “It makes a huge difference,” he says. “Because of your gift, the lives of others are transforming. Your generosity to those in need is benefitting some of the 30,000 clients a year who come to MUST Ministries seeking help and hope.”

The 2018 Employee Choice Vote will take place in the fall.

ABOUT THE PRIMERICA FOUNDATION

The Employee Choice Grant Awards is only one area of community outreach funded by The Primerica Foundation. Since its founding in 2010, The Primerica Foundation has awarded more than $6 million in grant funding mostly throughout Gwinnett County and Metro Atlanta. Self-sufficiency for low-to moderate income populations is a priority for Foundation funding.   Grant funding from The Primerica Foundation is by invitation only.

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