They say that the first year or two of marriage is the hardest, and this usually has to do with financial struggles and how you approach them together. It may sound extremely materialistic to the romantic minded, but money problems tend to be the biggest reason for divorce in the first few years. Therefore, it is important to have regular “money” talks with your partner before and after marriage. It can be hard, but it’s absolutely necessary. Amy Leone at the Credit Karma blog can help guide your conversation with questions you both need to address:
In the beginning of your relationship when you are getting to know each other, focus conversations around financial habits. One conversation gaining popularity these days is the “what’s your credit score” talk.
Before you start packing up your stuff to move in with your significant other, make sure you have the “how are we going to split up and pay the bills” conversation first.
When you both realize it’s time to make your relationship “official” and get married, you should have the“how are we going to manage our money” conversation. Before the wedding, take the time to sit down and discuss if you will merge your money, keep it separate, or do a little of both.