Smart Handling of Married Money Part 4 of 4

This blog post emphasizes the importance of open communication and shared financial planning in marriage, focusing on setting common goals, managing money together, and preparing for future challenges.

Marriage really is the combining of two dreams and blending of two sets of ideas about life. It helps to have similar goals but this is not necessary for a beautiful shared life. The ability to talk and listen to each others hearts and work through planning to combine both heart desires is more critical.

Some Common Goals to set Together:

Emergency fund – for emergencies ~ $1K e.g. smashed windshield
Debt Reduction and Elimination – decide on the pace – how much and how fast
Buffer/Cushion fund for sudden loss of work 3 – 6 months of expenses
Savings, travel, houses, investments, big purchases, retirement

Discover what is deeply important to your partner and work out a framework that allows you to realize individual and joint goals and dreams.

Discuss your financial future:

Plans for children – dual income, single income household?
Designer Jeans and College funds? costs about $300K on avg. to raise a child to 18
Plans for career advancement, go back to school?
Expect aging parent(s) to live with you, be dependent on you?
Do you plan to start a business, relocate for work?
These may change your financial goals or organizing systems, but you’ll have a better idea of where you’re headed—together

Money and marriage are a necessary mix. Educate yourselves through our marriage prep workshop, consultations with a financial adviser and/or with other successful couples. Build a power team – where both of you are knowledgeable.

Smart Handling of Married Money Part 4 of 4

Some Common Goals to set Together:

Discuss your financial future:

book online now

Find Support That Moves You Forward