Newly Married and Bah-Roke

5 years ago

The day after our wedding, instead of frolicking together on a white sandy beach, we were sitting at my husband's office desk. For the first time in our three-year relationship, we were examining and discussing each other's finances. $153 positive was what we had together and what we would have for a whole month (we were both also newly unemployed). Yes, we received wedding financial gifts that totalled a little over $2,000, but that was immediately set aside to pay our then credit cards' minimum monthly dues -- which neither of us knew the other had.


Credit Image: waitscm on Flickr

Lesson to be learned

:

When your relationship with your significant other gets serious, i.e. discussions of marriage arises, openly talk about each others' finances. It will be normal to excitingly share source(s) of income, but encourage each other not to hide and/or feel ashamed of any debt. If debt is present, work together as a team to devise a financial, debt-free plan. You will thank yourselves and each other on your 10th year anniversary.

What are your financial advice for soon to be newlyweds?

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