finances

How To Manage Finances With Your Spouse: A Marriage Guide To Money

relationships

financesHow To Deal With Finances As A Married Couple

So the honeymoon is over, now what? You still have things to think about, and important things to discuss. One of the most important things you’ll talk about is managing your finances. Your finances aren’t always just yours when you decide to get married. It can be the elephant or the wedge between you so here are some tips to discussing money without war erupting!

 

Discuss Finances Before You Get Married

Ideally, before you get married you’ll have some sort of discussion about finances. In this discussion, you should talk about the things you’d like to achieve in the future, your debts, and anything else regarding money that may affect the other once you’re married. Make sure this is an honest discussion and then figure out a plan to tackle any issues together.

It’s important to discuss this before you get married, as money is actually one of the biggest sources of arguments and miscommunications for couples. One of the most important things you’ll need to decide is what your finances are going to look like when you’re married. Will you have one joint bank account? Will you still keep your separate bank accounts? Or will you each have your own account and then one joint account? Decide what works best for you both.

 

finances

 

Write Down Your Goals Together

When you’ve had your discussion, it can be a good idea to write down your goals together. What age would you like to retire? Where would you like to live? Where would you like to go on honeymoon? You can then get an idea of how much money you need, and use guides like Money Saving Tips for Honeymoon to help you get to where you want to be. Make sure you discuss both short and long term goals.

 

Design A Budget

Design a budget that you stick to and avoid any arguments or confusion over money. Maybe you will set a limit as to how much you spend on the weekly food shop. Maybe you will agree to discuss with the other before you buy something over ‘X’ amount. The budget will help you to keep track of what you’re spending and ensure you can both reach the goals you set out earlier on.

 

 

Have Regular Money Meetings

Having money meetings regularly will allow you to view how things have been going and make any changes if necessary. Maybe it could be once a week, maybe once bi-weekly, maybe even once a month. Whatever you decide, make sure you stick to it. You might find that there’s a way you can put even more money away for a rainy day. You might find that you’re spending too much on one thing. The meetings will help you to address these things!

 

Bring Up Touchy Subjects With Love

Perhaps your spouse is constantly overspending. Maybe you suspect that they’ve been using money for things like gambling. Whatever it is, make sure you bring up touchy subjects with love. Approach it in the calmest possible way you can, so that you can work out a solution. You want to make sure you spouse feels comfortable enough to tell you the truth, too.

Taling about money and finances with your partner is never easy but you have to! I hope these tips make it easier to avoid arguments and manage things easily for a happier life.

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Hi, I Am Heidi! A Northern Girl In A Southern World Down In Hotlanta! I Am A Writer First And Foremost But I Wear Many Hats In This Blog World.If You Have Coffee We Can Be Friends. You Can Contact Me At heidi@womanpulse.com Be Fabulous

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