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What are financial advice for newlyweds? Need some financial tips.

Answers (2)

CAMPBELL said on
It's great that you are asking this quetion! A newlywed couple must carefully plan their finacial future together. And starting early is a great idea...there are many things that can be done - setting up a common joint account to manage monthly expenses is a great idea, for starters. See more helpful financial tips for couples
ARMSTRONG said on
Financial matters often cause a lot of tension in a marriage so it is great that you are seeking advice. It is important that you talk about your finances together and be completely open about all your assets, income, expenses and debts. Discuss your financial goals and dreams for the future and set new goals together. It is good to work out a budget that will satisfy both of you. Designate one of you to be the bill payer, and set aside a specific time to have a “money meeting” where you can discuss the bills, perhaps weekly, bi-weekly or monthly. Some couples find it helpful to set a minimum threshold for expenses which need to be discussed. For example, you would not buy something over $100 without talking to your spouse first.
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