Financially Ever After: How to Secure Your Future Together

Pre Marriage

Talking About Finances Before Marriage

Congratulations on your engagement! You’re preparing for one of the most exciting days of your life, but have you thought about the many years of marriage ahead of you? One of the most crucial topics to tackle before getting married is finances.

While it might not be as exciting as picking out your wedding dress or looking for the perfect venue, it’s important to have a clear understanding of each other’s financial goals and expectations before tying the knot.

Why Discussing Finances is Important

On your wedding day, you’ll be making a lifelong commitment. However, you can’t guarantee that your views on finances will align perfectly with those of your partner.

Conflicting views on financial decisions have been known to create issues in marriages, leading to disagreements and even divorce. You want to make sure that you’re both on the same page before saying “I do.”

Another crucial aspect to consider is student loans.

Nowadays, student debt has become an everyday reality. Before getting married, you should be able to discuss how student loans will be managed between the two of you.

The same discussion should extend to other financial obligations such as credit card debt, car loans, and mortgages. Additionally, you should also discuss how in-laws will factor into your financial decisions.

Are they going to help you pay off student loans, or will they contribute to your wedding expenses?

Tips for Talking Finances Before Marriage

1. Joint Checking Account

One way to approach finances is to open a joint checking account.

By combining your finances, you can decide on fixed expenses and discretionary spending. Having a joint account can help you both have a better overall understanding of your household’s financial position.

2. Discuss Your Financial Priorities

You each may have different priorities when it comes to finances, so it’s crucial to have a conversation about what matters the most to each of you.

For instance, one partner might prioritize saving for the future while the other enjoys spending on discretionary items. It’s essential to work towards a compromise that reflects both of your priorities.

3. Discretionary Spending

Having a separate account for discretionary spending can also help you avoid conflict.

These expenses can be anything that isn’t fixed. For example, entertainment, vacations, or dining out.

You can agree on a limit or put a set amount in the account each month to avoid overspending.

4. Savings

Saving money early on in your marriage can ensure a better financial future. You can decide on how much you each contribute to your savings account each month.

If you’re saving for a specific goal, such as a house or future children, you should have an exact figure in mind. It’s much easier to achieve your goals when you have a set plan in place.

Getting on the Same Page About Finances

Opening a joint checking account is one of the best ways to establish shared finances and set fixed expenses. While it does come with its fair share of stress, combining finances can allow you both to get on the same page and view your household as one financial unit.

Additionally, it’s essential to accept each other’s financial baggage. We all have our worries when it comes to finances, whether it’s college debt or credit card payments.

Working together to overcome financial struggles can foster a stronger bond between married couples. It’s also helpful to approach your household’s finances realistically by creating a budget that takes into account predictable expenses and discretionary spending.

You can both meet on a scheduled day each month to review the budget and make any necessary adjustments.


Talking about finances is one of the most crucial conversations you should have before getting married. It’s vital to understand each other’s financial goals and expectations, be prepared to embrace each other’s financial baggage, view your household as one financial unit, and manage your finances realistically by budgeting effectively.

Being transparent about your finances can lead to a mutually beneficial arrangement that will strengthen your relationship and set you up for a bright financial future together.

Tips for Financially Happily Ever After

Getting married is one of the most notable events in a person’s life, but it’s no secret that marriage can present its unique challenges, especially when it comes to finances. Money is often a source of tension in relationships, but it doesn’t have to be.

With some effort, a little planning, and open communication, you can achieve financial happiness together. Below are some tips for a financially happy ever after.

1. Setting a Date to Discuss Finances

One of the initial steps in establishing a successful plan for your financial future is to schedule a financial discussion. By giving it a specific date and time, it shows that you both consider it a priority and will dedicate your full attention to the conversation.

A warning, these conversations can be intense, so it’s best to choose a time when you both are well-rested and less likely to be distracted by other obligations.

2. Seeking Financial Counseling

Financial counseling is an excellent option for couples who are facing financial challenges and are struggling to find a way forward. A financial counselor can help you both define and realize your goals, give advice for dealing with financial concerns, and assist you in creating plans to achieve your targets.

It’s essential to approach financial counseling with an open mind and a willingness to work together to achieve your combined goal.

3. Deciding on Discretionary Spending

Another crucial aspect is deciding on an amount for discretionary spending. This category includes entertainment, travel, gifts, and other non-essential purchases.

While disposable income varies per household, establishing a fair discretionary spending amount allows for both partners to participate in shopping without the feeling of guilt or resentment. It’s essential to have a joint approval system where both partners agree on each discretionary expense.

4. Checking in on Expenses Periodically

Tracking expense progress periodically is an excellent way to keep your finances in check and avoid unwanted surprises. Whether it be a monthly or quarterly review, tracking spending keeps both partners informed and accountable for their purchases.

Monthly check-ins also provide an excellent opportunity to assess budgeting needs and adjust the plan accordingly.

5. Saving for Emergency Situations

Life is full of surprises, both good and bad, so it’s crucial to establish an emergency fund to prepare for unexpected expenses. It’s essential to sit down and assess your income and expenses to determine the amount that can realistically be saved each month.

The target should be for a fully-funded emergency savings that can cover 3-6 months of expenses. In conclusion, being on the same financial page sets a firm foundation for a successful financial future in marriage.

By setting a date to discuss finances, seeking financial counseling, deciding on an amount for discretionary spending, checking in on expenses periodically, and saving for emergency events, couples can achieve their financial goals together. Remember, it’s essential to approach financial concerns with respect, transparency, and openness, ultimately leading to more significant rewards in the future.

In conclusion, discussing finances before marriage and working together to achieve financial happiness is paramount for a successful relationship. The article highlighted the importance of establishing financial priorities, opening a joint checking account, embracing each other’s financial baggage, and tracking expenses, among other tips.

By following these simple yet powerful steps, couples can tackle financial woes together and ultimately reach their financial goals much faster. Keeping the lines of communication open and being committed to the plan are keys to achieving financial happiness, allowing you and your partner to live harmoniously with financial stability for a long and fulfilling future together.

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