Saturday, January 18, 2014

Talk Time

Welcome to Debt-Free Wedding, the blog written by a father of the bride and author of Your Beautiful Wedding on Any Budget and Before You Say "I Do" (3rd Edition).  Visit often for more money-saving tips.



Great marriages are built upon the solid foundation of love, commitment and common goals.  And when it comes to money--or more specifically, saving money--couples who plan together stay together.  Conversations about money should definitely begin in the engagement stage, and couples who set a budget long before marriage are far less likely to fall apart when finances become a focal point.  (And they always do!)

In fact, finances are one of the most common reasons why couples develop problems.  Or again, the inability or unwillingness to discuss money and share common financial goals is one of the biggest stressers in marriage.

A three-part solution to finances can begin in the engagement period if couples will discuss the following:

* What financial goals do we agree upon for our first five years of marriage (debt-reduction? obtaining a mortgage?  emergency funds?, etc.)?

* How will we/ can we use our finances to affirm what is most important in our lives?

* What long-term financial goals can we agree upon before we get married?

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