Financial Checklist for Newlyweds
Of the many exciting and potentially stressful items on the to-do list prior to or after getting married, is to organize joint finances. Hopefully, conversations around finances have already been had prior to getting married so that each spouse has a good idea of the other’s financial situation. Having these conversations are extremely important because it helps avoid any financial surprises once the knot is tied.
Successfully Communicating About Money Early in Marriage
by Matthew Broom, Forward Focus Financial Planning
Money is universal in our lives. Every choice you make as a married couple will be accompanied by some sort of financial consequence. So if you can't agree on how to best manage your household finances, unnecessary and unwanted strife is sure to set in. No matter what you do you will have disagreements, but how do you avoid the unwanted difficulties caused by financial resentment that is so rampant on relationships? You talk about it!
Thoughts on Planning and Paying for a Wedding
Getting married and planning your wedding is a big deal. But that doesn’t justify spending more than you can afford… or sabotaging all your other savings goals for the sake of throwing one giant party for hundreds of people.
How Do I Combine Finances with My Partner?
Let’s just get this out of the way at the beginning: There is no one right way to combine finances with your romantic partner. The “right” way differs from couple to couple…and over time for the same couple!
I get asked this question a lot by my clients. Maybe they were single when they started working with me and became a couple afterwards. Or they were already in a couple but hadn’t yet reached the stage where they thought about combining finances.
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