When you are thinking about getting married, it is also time to think about your financial plans. When you plan your wedding, you spend a lot of time deciding what you want in personalized wedding favors, wedding accessories, bridesmaid and groomsmen gifts, bridal apparel and even the honeymoon, but havent yet planned for the day to day finances after the marriage. Many couples go into marriage with no idea on how to manage their money. Conflicts over money are the number one problem reported by married couples.
Before the wedding, the couple should get together and work out a financial plan. First of all, they should decide which partner should handle the day to day financial affairs. It is common for one spouse to have a good aptitude for money management and organization, while the other spouse does not. It is important to recognize which one has the better skills, and let them keep track of the finances on a daily basis. This would include paying the bills, reconciling the bank statements, and working within a budget or spending plan.
There must always be open communication between both spouses on all financial matters. This is a key point that many couples...
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