Marriage can be hard. And having money worries makes things harder. I have heard again and again that the thing couples argue most about is money (with sex and rearing the children close behind). So with this in mind, when my husband and I got married 6 1/2 years ago, I knew that I didn’t want to have money ruin our good relationship. But I didn’t know how to do that.
I thought at first that if we just didn’t talk about money, than we wouldn’t argue about it. But as I’m sure you can guess, the “stick your head in the sand” approach just doesn’t work. So after many tense times discussing a myriad of money issues, my husband and I decided to set up a time on a monthly basis to discuss anything we need to talk about like our budget, vacation planning, extra expenses, and anything else money-related. We talk openly and honestly and most importantly of all, we make sure we are on the same page. Right now, we are saving for a new house to fit all these kids we have!
One thing many married couples, especially newlyweds, often forget about is to factor insurance planning into their budget and overall goals. Experts encourage couples to take advantage of locking in low premiums while they are young and healthy. Add it into your budget now to save money in the long run as well as to guard against financial calamities like (God forbid) the death of a spouse. Hope for the best but be prepared for the worst. I’ve found that just having a money plan helps tremendously. My husband and I are both on “team Smith”!
Want more info go here. How do you “money-proof” your marriage? Any tips for me?
Disclosure: This is a sponsored post by Genworth Financial. All opinions, as always, are my own.