When you get married, you want to start your shared life together on the right financial foot. Most people are so involved with wedding planning that they put off having necessary money conversations that always arise after you tie the knot, and those often lead to fights and relationship breakdowns.

If I’m honest, even as a CERTIFIED FINANCIAL PLANNER™, I still had some money fears after saying “I Do.” Based on my years working as a financial planner (AKA a marriage financial therapist) and personal experience, there are six major money decisions to make after you get married. Make sure you get these checked off your list before you get married.

KEY TAKEAWAYS:

 

1. Should you merge your bank accounts?

2. How do you feel about sharing debt burdens? Am I responsible for my spouse’s credit card debt?

3. Who is going to manage the budget?

4. When should you have money dates?

5. Should I get life insurance?

6. Who gets what? Creating a will

EPISODE SPONSORS

Thanks to Chime for sponsoring the show. Get started with Chime today. Applying for a free account takes less than 2 minutes. Get started at chime.com/mymoney.

Thanks to Open Door Capital for sponsoring the show. Go to https://odcfund.com/ to learn more.

Thanks to Shopify for sponsoring the show. Shopify is more than a store. Connect with your customers. Drive sales. Manage your day-to-day. Go to http://www.shopify.com/mymoney for a FREE fourteen-day trial and get full access to Shopify’s entire suite of features.

Thanks to Ladder for sponsoring the show. Go to http://www.Ladderlife.com/mymoney to see if you’re instantly approved for Life Insurance to provide for your family if the unthinkable happens. 

 

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GOT A QUESTION?

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FAV MONEY APPS + TOOLS

Favorite budgeting apps – You Need a Budget & Monarch

Best High Yield Savings –  Marcus & Ally Bank

Favorite online bank account – Chime

Best climate-conscious online savings & bank account – Aspiration

Best Business bank account – Novo 

Personal loans – Upstart 

Affordable Life Insurance – Ladder

DISCLAIMER: This podcast and money content are for educational purposes only. Always consult with your financial advisors prior to making money decisions. Please do your own research to figure out whether a financial product, tip or suggestion will work for your money goals. You can find a Certified Financial Planner in your area here. 

Everyone’s Talkin’  Money is a money podcast fostering money conversations to help you unf*ck your relationship with money.