Love is in the air this time of year, and if you happen to be one of the lucky ones to get engaged, there are steps you can take before you tie the knot in order to avoid fights over finances.
Arguments about money can create a relationship rift. To avoid these problems, it’s important to get on the same page with your spouse, take inventory, and plan ahead.
Marriage, like all other life-changing events, can be made less stressful through communication and sound realistic planning. As with any legal merger, there are details to consider and papers to sign. Couples need to first understand each other’s attitudes and concerns about money and then concentrate on the strategies and tools they will use to organize their financial affairs
.Pre-Wedding Financial Discussion
Decide on a non-stressful setting to have your first serious discussion about money. Share past money management experiences, and be honest. Discuss where you want to be financially in five, 10, and 20 years and express any fears you might have associated with money and brainstorm ways those fears could be alleviated.
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