Wedding season is upon us. Did you know couples often enter into marriage without ever having had a discussion about financial issues? As a result, they find themselves frequently arguing about money. If you are planning a wedding, here are some steps you can take to get your marriage off to a good financial start:
\n\u2022 Determine your financial compatibility. Take some time to discuss your finances before you tie the knot. Talk about your assets, debts, credit ratings and your financial attitudes, including your spending and saving habits. Do you share the same goals? Talk it out and see where you two align and where you differ.
\n\u2022 Make a plan for how to handle finances after you say “I do.” This means figuring out day-to-day stuff, like who will pay the bills and whether or not you’ll maintain joint or separate checking accounts.
\n\u2022 Involve your financial advisors. Every couple needs to work out their own style for handling money. Call us to assist you in setting up a budget, controlling your taxes and mapping out a financial plan for your future.
\n\u2022 Discuss any related legal matters. If you have substantial assets, talk about the merits of a prenuptual agreement with your attorney. And ask your attorney how you can protect yourself from your partner’s credits if they have substantial debt. Perhaps you plan on buying a house together or combining financial accounts. Your attorney can advise you on the best way to hold title to your assets.
\nWe meet with a lot of couples whose spending habits are not in sync and help them develop a plan that works for them.\u00a0 While your spending habits may be different, if we can get you connected to your mutual goals, a lot of the impulse buying can be curbed.\u00a0 There are a lot of ways of allowing each other freedom with money while not causing arguments.\u00a0 Discussing your finances before you wed may increase your chances for living happily ever after. Give us a call if you would like assistance in this area.\u00a0 We have a fixed price deal where we will analyze your spending for a 3 month period and then meet wit you to discuss your big plans and how to adjust your spending to get there.<\/p>\n","protected":false},"excerpt":{"rendered":"
Wedding season is upon us. Did you know couples often enter into marriage without ever having had a discussion about financial issues? As a result, they find themselves frequently arguing about money. If you are planning a wedding, here are some steps you can take to get your marriage off to a good financial start: […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\n