7 Money Moves Couples Can Make to Build a Strong Financial Future

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.

Well, today, you’re going to get seven more pieces of advice. The good news is that it has the power to transform your financial situation.  

Openly Share Your Entire Financial Situation

Openly Share Your Entire Financial Situation

Openly Share Your Entire Financial Situation

For many, marriage means combining finances and financial responsibilities, so it’s imperative to understand where both of you stand regarding savings, debts, etc.

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.  

This obviously means you’ll need to establish a monthly budget for yourselves.  

Pay Yourselves First

Live On One Income

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. 

Keep Working While You’re Child-Free

Using this time can be critical in setting yourselves up for financial success in the long run. 

Create Multiple Streams of Income

Having multiple income streams is also a great way to protect yourself from unexpected expenses or job loss. 

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