Optimal Relationships Daily - Dating, Marriage and Parenting 2436: The 8 Step DIY Financial Plan for Newlyweds by Kelley Long with Financial Finesse on Strengthening Marital Bonds
Jan 1, 2025
Explore the vital role of open communication about finances in marriage. Learn how candid discussions about money can enhance vulnerability and partnership. Discover an eight-step financial roadmap tailored for newlyweds, covering budgeting, emergency savings, and essential document preparation. This practical guide encourages couples to align their financial goals and promote stability together, while fostering a strong marital bond.
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Have the Money Talk
- Discuss finances with your partner openly and honestly, including financial history, fears, and goals.
- Create a judgment-free zone for open communication.
Money Management Methods
- Decide on a money management method as a couple, whether combining accounts, keeping them separate, or using a hybrid approach.
- Consider fairness and joint contributions based on income.
Setting Financial Goals
- Set clear financial goals, both short-term (like vacations) and long-term (like retirement).
- Calculate how much you'll need to achieve those goals.