Start your marriage on the right foot: Why combining finances as a couple is so important
You just married the person of your dreams. You are so excited to start your life together! You are so excited to buy the home, and start the family. There’s just one thing you can’t bring your self to do yet. Combine your finances. You know that one of the biggest reasons couples fight is over money. Keeping your finances separate only makes it worse. But how does one get over that hurdle?
A good marriage is built on trust:
It can be tough sharing your money with someone else. The other person has a say in how your paycheck gets spent, and that can be very daunting. However, now you are accountable to someone else. Just like your spouse is accountable to you. You have to trust that your spouse is a responsible spender. If that is not the case a conversation needs to happen soon.
If makes the two of you discuss money:
This may not sound like the most fun of conversations, but it is an important one for a strong marriage. The two of you need to discuss your goals with your money. When do you want to retire? When do you want to buy a house? How much do we need to save up each month to put aside for a down payment? These questions need to be addressed by both of you.
It ensures there are no secrets:
Secrets in a marriage are so destructive. Combining finances helps to put everything out in the open, and eliminates financial secrets. If you combine finances early on in your marriage it helps nip issues in the bud. Gambling or retail therapy issues that need to be resolved. It is better to resolve them early on in the marriage than letting them fester.
One of the top reasons couples fight is money. Let us help you resolve,or prevent those money arguments from happening. Call us today for a quote.