Summary of Young Couples and Money
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Summary of Young Couples and Money
As noted, whatever your financial situation, it’s always better to be open and honest than to be taken by surprise in a moment of stress or crisis.
Finances are usually the biggest source of contention in a relationship. If not discussed early, they can fester over years and eventually destroy it. Use the checklists and suggestions in this tutorial as a guide to helping you stay open and honest about where your money goes.
Practical Ideas I Can Start with Today
- With my significant other, list the questions in this tutorial (as well as any others) and answer them. Keep a copy for reference.
- Check both my and my partner’s credit reports. Fix any issues in them.
- Schedule a periodic financial meeting. Take notes and keep them.
- Create a budget. Look into financial software to assist with this.
- List our financial goals and ways to achieve them.
- Set up an emergency fund with up to six months’ expenses.
What you have learned
- Financial Issues That Young Couples Should Discuss before Marriage
- Financial Steps for Newlyweds to Take
- Money Mistakes That Young Couples Make