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10 Tips for Financial Bliss
Marriage and Money
These tips can help you start your marriage on the right financial foot.
They say money can’t buy happiness, but when it comes to your marriage, just talking about money goes a long way. To get the conversation started, here’s a checklist designed to help you and your partner budget happily ever after.
1. Give yourselves a financial checkup
Many couples may put off talking about money before marriage, but that lack of knowledge can be pretty risky; past mistakes can affect your future together. Get to know each other’s financial situation, like how many credit cards you each have and how you spend your money — including what kinds of things you both indulge in — before you walk down the aisle. Getting a good grasp on your partner’s spending habits and financial picture will help you make decisions on how to merge your money after you get married.
2. Understand your partner’s debt
Get to know what your partner’s debt looks like before you combine your finances. If needed, you can work together to get debts paid down. Until…