The Clark Howard Podcast 02.14.25 Valentines Edition: Couples And Money / Wedding Costs
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Feb 14, 2025 Happy Valentine’s Day! This discussion dives into how couples can foster financial harmony by communicating openly about money. Navigate the complexities of wedding costs, which are soaring to around $36,000, and discover tips for prioritizing long-term financial health over extravagant celebrations. It also sheds light on the importance of credit counseling for financial challenges, alongside advice for safe travel planning and consumer rights in the realm of gift cards. Love and money can coexist with the right strategies!
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Financial Honesty
- Be honest about finances with your partner; financial infidelity breaks trust.
- Discuss financial goals early in the relationship, even before moving in together.
Couples and Shared Expenses
- Couples can have separate accounts and a shared account for expenses.
- Ensure the joint account includes savings for unexpected costs.
Credit Counseling
- Consult a credit counselor for personalized debt management advice.
- Find legitimate counselors through the National Foundation for Credit Counseling (nfcc.org).