7 Money Moves Couples Can Make to Build a Strong Financial Future
Just engaged (or married?) Congrats! Follow these money moves for couples to grow richer together as you grow old together.
For many, marriage means combining finances and financial responsibilities, so it’s imperative to understand where both of you stand regarding savings, debts, etc.
It’s important to be open and honest with your partner in all aspects of your relationship, but especially when it comes to money.
Openly Share Your Entire Financial Situation
Be Prepared in Case of Emergencies
The best way to protect yourself from unexpected expenses — like a major car repair, a hospital stay, or a stint of unemployment — is to start saving now.
Once your emergency fund is fully stocked, make saving for other short and long-term goals a priority and a habit.
Pay Yourselves First
Instead of looking at each of your salaries as your own, you can take the approach of looking at all of it as “our money.”
Live On One Income
Open communication, defining shared goals, and working together towards them are the keys to financial success and fun in your marriage.
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