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3 Financial Tips | XL Financial Blog

3 Financial Tips to get Your Marriage Started Right

Posted on 05. Sep, 2013 by in Financial Planning

Beginning a new life together can be tough enough without having to deal with money. If you are newly married and are looking for some ways to easily manage your finances, the following 3 financial tips should help to get you started on the right foot.

Compare

Even before you get married, compare your spending habits with your future spouse. You do not want to get into the marriage thinking that they spend in the same ways that you do, just to find out that their habits drive you crazy. If you are saver and your spouse is a spender, it could cause some serious contention. Rather, get together and compare your habits so that you can begin new habits that work for the both of you.

Be Honest

There may be some financial decisions you have made or have yet to make that you might not want to disclose to your spouse. One of the most important things you can do to manage money well in a new marriage is to be honest with your spouse. Even if your financial decision was not very smart, be open about it so that you can come up with solutions to make it better.

Save

Once you are married, there are plenty of other expenses that seem to pop up all over the place. If you do not have any children yet, save for them. If you are renting, save for your future home. Do everything you can to set a certain amount aside each month so that when it comes to the big expenses, you will be able to handle them.

Taking control of your finances is much better than letting them take control of you. Use these 3 financial tips to help you and your spouse get on the same page about money and have a successful financial life together.

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