Marriage and Joint Financial Planning
Sitting down together as a couple and getting intimate about your finances is an important step in a long-term commitment. Just like how being on the same page about having, or not having, children helps clear the air of any frustrations about how your future together would look like, getting on the same page about your personal and joint finances will help you both figure out how to best deal with money to maintain financial stability in the marriage.
According to many divorce lawyers, one of the common reasons marriages fall apart is due to finances. Many couples who haven’t discussed their respective financial habits, their core financial values, or their financial plans end up in more arguments that ultimately lead to a divorce.
Dealing with finances can be stressful enough as an individual, and now that you’re together “for richer or for poorer,” well, you would want to be the former and not the latter. Being honest about your finances going into the marriage can help save both parties from frustrations, disappointments, and conflict down the line.
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