As you prepare to get married, it is important to sit down and discuss finances. One of the leading causes of contention and divorce in a marriage is finances. It is important that you take the steps before you get married to make sure that you and your future spouse will work together. You need to make sure that you will work together on your finances. This means that you should sit down and openly and honestly discuss where you are currently, including all of your debt and assets. Once you are married, you combine both accounts as one.
You will need to plan a budget and come to major decisions together, and decide how to deal with financial pressures from extended family or other tough financial decisions that may come up. This will help you to work together to achieve your goals. It also sets up clear spending guidelines. When you are budgeting as a couple, it is essential that you communicate on a regular basis.
Finally, when it comes to marriage and money, you should let go of the past and move forward together. If you are going to resent the student loan or credit card debt your spouse brings into the marriage, you may need to rethink getting married. When you are married, you take on both the positive and negative aspects of your spouse. You cannot have one spouse paying your loan debts, and medical bills before the relationship, to better your credit, but criticize him or her for their debt. It is important to consider the debt and savings as “ours” instead of “yours” or “mine.” This will lead to a much more positive experience for both of you.
When you are married, you take on both the positive and negative aspects of your spouse. It is important to consider the debt and savings as “ours” instead of “yours” or “mine.” This will lead to a much more positive experience for both of you.
