Quick & Key Financial Thoughts on Getting Married

Quick & Key Financial Thoughts on Getting Married

Getting engaged or married is exciting, but it also means having some real talks about money. Finances play a big role in any relationship, so it’s important to be on the same page. Here are a few key things to consider before tying the knot.

1. Talk About Financial Goals

• You vs. Us – What do you want financially as an individual? What about as a couple? Make sure you're both clear on personal and shared goals.

• Short-Term Wins – Maybe you're saving for a home, a dream honeymoon, or knocking out some debt. Plan together!

• Long-Term Vision – Think retirement, investments, or even future family plans. Things change, so be flexible and check in regularly.

2. Be Honest About Debt

• Lay It All Out – Credit card debt? Student loans? It’s all part of the picture. The sooner you're both upfront, the easier it is to create a game plan.

• Who Pays for What? – Talk about how you’ll split expenses and manage debt as a couple. Will you merge finances or keep things separate?

• Need Help? – If debt feels overwhelming, a financial advisor or credit counselor can help you strategize.

3. Are You Financially Compatible?

• Spending vs. Saving – Do you both have similar money habits? If one is a saver and the other is a spender, talk about how to meet in the middle.

• Money Values – Some people view money as security, others as a tool for experiences. Understanding each other’s financial mindset can prevent future conflicts.

• Compromise is Key – You don’t have to agree on everything, but learning to collaborate on big financial decisions is essential for a happy marriage.

Bottom Line

Money conversations can feel awkward, but they don’t have to be. Honest communication, shared planning, and a little flexibility will help set the stage for a financially happy life together. So, grab a cup of coffee (or a glass of wine) and start the conversation—it’ll be worth it!