Getting married is one of lifes most important milestones. However, before tying the knot, you and your partner need to have an honest conversation about your finances to make sure you are on the same page. Money can create a lot of discord if two people have differing viewpoints on how it should be spent and saved, says Debbie Bruns, Director of Branch Services with Affinity Plus Federal Credit Union. An open line of communication helps ensure a financially successful marriage.
Discuss financial goals: For example, try setting a savings goal together and decide how much each partner will contribute toward it each month.
Credit score: Learning your partners credit score can give you insight into his or her financial history and money management.
Prenuptial agreement: If one partner has significantly more assets than the other, a prenuptial agreement can be a smart move to protect each partners property.
Strategies to make your wedding a success
Work with a financial professional • Prioritize whats most important • Start saving now • Plan for the unexpected
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