Optimal Relationships Daily - Dating, Marriage & Parenting

2196: The Business of Marriage: Five Things You Should Do Before Tying the Knot by Sierra Black with Get Rich Slowly

Jun 5, 2024

10:24

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Financial writer Sierra Black discusses the importance of addressing money matters in marriage. She emphasizes open communication, understanding each other's financial habits, and setting shared goals before tying the knot.

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Quick takeaways

Discussing finances is crucial in marriage for long-term success.

Being transparent about financial situations, tracking spending, and setting shared goals are key before marriage.

Deep dives

Importance of Financial Conversations in Relationships

Discussing finances in a relationship is crucial for its success. Whether choosing to completely merge finances or keep them separate, the impact of financial decisions in a marriage is profound. Money plays a significant role and can affect goodwill between partners. Avoiding discussions about finances can be detrimental to a relationship, and setting a strong financial foundation before marriage is essential for long-term success.

Introduction

2min

Exploring the Neglected Financial Aspect of Marriage

2min

Pre-Marriage Financial Planning and Goal Setting

5min

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Episode 2196:

Sierra Black, writing for Get Rich Slowly, emphasizes the importance of addressing the financial aspects of marriage. She outlines five key steps couples should take before getting married to ensure a strong financial foundation, highlighting the need for open communication, understanding each other's financial habits, and setting shared goals.

Read along with the original article(s) here: https://www.getrichslowly.org/the-business-of-marriage-five-things-you-should-do-before-tying-the-knot/

Quotes to ponder:

"Whether you choose to go all in like we did or hold onto your independence, you live with your spouse’s spending choices for good or ill."

"The really dangerous part is to pretend marriage has nothing to do with money."

"You’ll be married for much longer than you’ll be enjoying your wedding cake. If you can, sail off on your honeymoon with no wedding-related debt."

Episode references:

Your Money: The Missing Manual: https://www.amazon.com/Your-Money-Missing-Manual/dp/0596809409

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