Post # 1
So, I’ve been married for 7 months now. I’ve learned a lot, but a huge area I think that I have grown a lot in is the area of budgeting. I never did a budget before I got married, and neither did my husband, but we decided it would probably be a good idea if we did once we got married. So we started to, and what we soon realized was that we were discussing a lot more than money. Our values, our parent’s values, our insecurities all soon soared to the surface once we started discussing money in depth. We had both always been pretty good with money before, but we were both stunned at how much more that was to learn and at how big a part communication played into our financial plans. So now that we are experienced marrieds (), we figured we would pass the word along to other soon-to-be-weds. I was wondering how many of you have had “the money talk” with your fiances, if you feel prepared to combine your finances with someone else’s, and whether you would ever consider financial coaching – premarital or after the fact.
Post # 3
DH and I began that discussion through our premarital counseling…. in depth anyways.
We used the book Preparing For Marriage & in the first chapter there were 2 worksheets that covered all those things and REALLY opened the communication doors!
YAY for communicating! 😉
Post # 4
We were pretty lucky, we both seem to handle money in the same way. We talked about it, joined our accounts, and have no issues so far. We see a financial advisor for help investing though.
Post # 5
i am so lucky my husband is in financial services – he is a whiz when it comes to budgeting, investing and saving. i was always good at budgeting, i get paid once a month so i had to learn, but saving and investing – no way jose i just couldnt do it. i got really good at saving after i got engaged, i had reason to save and i had a good chunk of cash in saving PRIOR to the wedding – now we save together but i still suck at the investing part haha.
we def went over this stuff in our pre-cana (the catholic version of premarital couseling) and i really think it helped us get a hold on how we would handle our finances before combining. plus it really helps with communication like you said.
Money is one of the biggest causes for failed marriages so i think its super important to talk about finances openly and honestly and preferably before combining incomes. i guess it really depends on the couple too. my husband is more stingy and i like to shop, but im not out of control and he isnt scrooge mcduck and counts his pennys so we make it work.
Post # 6
DH and I both handle money the same way so our money talk was pretty easy. Financial coaching/classes would really be unnecessary for us.
Plus, his mom is a CPA and my mom does all of the bookkeeping for my parent’s business so between their examples and lessons growing up – DH and I have our shit pretty well together when it comes to finances.