'Til death do you part, or, until you fight over money (which ever comes first).
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The number one cause of marriage is love. The number one cause of divorce is money. So before you go ring shopping, look over this list of do's and don'ts about how to handle your finances as a couple.
  • Communicate
    Communicate openly and often about money and your financial situation. And do it before you go down the aisle.
  • Set Goals
    Write down your lifetime financial goals and discuss them with your future spouse.
  • Talk Money
    It's yours, mine and ours. Separate accounts, combined or both? Talk about what will work best to meet your goals.
  • Budget
    Agree to a budget and agree to adhere to it.
  • Get Out of Debt
    Debt, a four letter word. Decide how to pay if off together. Get out of debt as much as possible.
  • Don't Keep Secrets
    Don't keep financial secrets (like accounts or past debts).
  • And Finally...
    Live happily ever after.
Tying the Knot
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tricy
Posted 3:10 pm o 09/23/2009
I am saving for my dress...even if the wedding dinner is served on paper plates I want to look lovely! So I just opened up a 5year dedicated savings. It has the option of renewing if I am still not engaged by 2014:)
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CLAY
Posted 10:08 am o 09/02/2009
As someone who is currently planning a wedding and involved in an engagement let me just say how important it is to be open, honest, and direct in your communications, especially about finances.
sharkness
Posted 9:11 pm o 08/21/2009
A really important thing I have learned is to make sure that both of you know where your money is going. Like someone said before. Don't keep secrets. Tell each other when you have bought something. Talk to each other about what you buy and how much you can spend.
rcragun
Posted 11:12 am o 07/18/2009
guys take my advice. if you cant pay for a ring in cash dont buy it. it's not wise to already be in debt before you are even married.
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Heidi E
Posted 11:36 am o 07/17/2009
Me and my husband saved a lot before we got married. I was able to use my savings to help us into our first apartment, buy a mattress and a washer and dryer. It was awesome.
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ryan
Posted 8:01 pm o 06/06/2009
Your wedding is a very expensive day. But Life is more expensive. It is important to plan for it. My father in law made me watch a financial video before we got married :-)
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rebecka
Posted 11:24 am o 04/25/2009
I am SOOOO glad I am only getting married once. Planning a wedding is way too hectic for me. Haha!
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jessica
Posted 7:52 am o 04/23/2009
My husband and I decided to share everything from day one. It's been a HUGE stress reliever, as we keep each other in check on spending, and we both know where we stand financially.
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