Marriage is a life-altering milestone, which affects everything from eating habits to financial decisions. It’s essential to discuss finances and ensure that your partner’s vision for the future matches your own. This article will shed light on some useful tips that can help married couples plan and align their financial future from the get-go.
“Marriage is a partnership, and couples can’t win with money unless they budget as a team.” –Dave Ramsey
When you get married, you aren’t just saying yes to a romantic union; you’re agreeing to a solid partnership in everything that matters. When you start a new life with someone, you are intimately connected to everything your spouse is responsible for. And that includes finances. Though it can be a touchy subject, it is a very important one.
After the initial honeymoon high wears off, you realise that living together also means you are jointly responsible for paying bills, enjoying a quality life, saving for the future, and provisioning for other expenses. That is why it is important to have honest conversations about your finances with your spouse. Discuss your incomes, your...