How to Make Important Financial Decisions as a Couple
Getting married is more than just a decision about who you are going to love and be faithful to for the rest of your life?it’s also a financial merger. Marriage means combining all of your earnings (and all of your debts) and figuring out how to best plan for vacations, children, retirement, and anything else that comes along the way.
Whether you’ve been on your own for awhile and already have your finances figured out as a single person, or you’re just starting out in your career, you’re going to need to understand how to communicate with your partner about money and how to make important financial decisions as a couple. When you’re about to get married, it’s important to have these conversations about money early and often, so that you can handle budgets and investments as a team. But how should you go about making major financial decisions as a couple" How do you decide what your financial goals should be as a couple" Here’s how to navigate those murky waters of personal finance with your partner.
Be Communicative with Each Other
However you decide to divvy up bills, rent, and determine you plan your financial future, the most important thing when it comes to money in a relationship is to be extremely communicative. This doesn’t necessarily mean that you need to let your spouse know when you’re buying an impulse pack of gum at the grocery store, but it does mean that it’s probably a good idea to let ...
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