15 Dec 038 Financial Excellence: Merging Your Finances When You Get Married
When you are dating or engaged to be married you manage your finances separately. You start to realize that you have differences in your spending habits. It’s cute when you’re dating but it becomes a major source of conflict when you’re married. In today’s show we discuss how to successfully merge your finances to
– If you subscribe via iTunes, the rss feed will be changing in January, so you may need to manually re-subscribe to the show at that time. It’s a tech glitch from the way we set up the show. Shouldn’t happen again (thanks for understanding).
– From the Mailbag: Susan from Malaysia asks if she should use her starter emergency fund to be debt free by the end of the month.
– We discuss the importance of communication before (& during) marriage, especially regarding money. Matt was featured in a few articles discussing the same thing recently. Here are the links to those articles: For Love and Money – How Couples Merge Their Finances, and 4 Money Pitfalls Couples Must Avoid
– When you get married, two become one flesh. You have to stop looking at money as “his vs. hers” and “mine vs. yours.” Time to start thinking of everything as “ours,” including your income and debts.
– Differences in backgrounds and personalities can lead to stress in a marriage. You need to figure out how to handle it before you tie the knot.
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