• http://earngivesave.com Andrew @ Earn Give Save

    Nice, succinct list! Definitely gets at the major issue which is to have good communication. Thanks!

  • Mark

    Thanks for this article. I agree that couples really need to communicate for a successful financial partnership. I also found this ebook really helpful:

    http://www.financialspectrum.com.au/Content_Common/pg-financial-planning-newlyweds-engaged-free-ebook.seo

  • http://www.wealthvisor.com Finance & Tax Guy

    There is no question you need to start with good communication! My wife was asking me to get a budget, because she was concerned about our spending. I found one of the better tools to get both of us on the same page was Mint.com, which allows you to see all of your accounts in one place and use graphs and charts to see spending, among other things. If you have a broker or a bank like Fidelity or BofA, many of them also provide free tools to see all of your accounts and create a budget. It really helps to have a conversation when you can see all of your finances in one place! Most people also need the help of a professional and there are some good sites to find financial planners with ratings from other people.

  • http://twitter.com/MattAboutMoney Matt Bell

    Casey – This is a great list. One other key I would add is the importance of being generous as a couple. Giving money to a cause you both believe in adds a lot of joy and a sense of mission to marriage.

    • Casey Slide

      Matt – I completely agree. Thanks for your input!

      • Armande

        Thanks for sharing Casey this is very helpful.

  • Anonymous

    With christmas here, it is hard to overspend. This is a great list that you have.

  • http://christianpf.com/ John

    Discussing your finances with your spouse is so important. Thank you for your post. There are so many young couples out there that will start off their lives on the wrong foot – lacking communication and understanding about their financial situation. You’ve made a great call to get on the same page – in finances and in marriage.

    • Casey Slide

      Thank you for your feedback, John. It sure can be heartbreaking to see young couples head down the wrong financial and martial track.

  • Pingback: 4 Reasons to Have the Money Talk and Set Up a Money Plan With Your Spouse | 20 and Engaged()

  • http://www.telegraph.co.uk/finance/personalfinance/consumertips/ Money saving tips

    What a great blog post! People forget those who are recently married often have few funds due to either an expensive wedding, or the need to plan for the future. Me and my husband are still furiously trying to save for a mortgage – so thanks for the tips!

    • Casey Slide

      Yes, it is very tricky for a married couple to start off on the right financial foot, and unfortunately, most newly married couples don’t recognize this. Good luck to you!

  • http://nonfinancepro.info/2012 Smart Money Manager

    Newly married or old couples can truly learn a lot from this post. I have been married for 4 years now and I learned a lot from here. Thanks for sharing Casey!

    • Casey Slide

      You’re welcome!

  • http://lowcheckkian.wordpress.com/ Low Check Kian

    Hi Casey, It’s an awesome write up. Newlywed couples learn a lot about money management from here. Saving is a good part of wealth management. Proper wealth management will be helpful for a good future life. Thanks for such a valuable post.

  • kevinchan633

    As long as you and your spouse have good money habits, everything should be a breeze –

    1. Try not to live paycheck to paycheck. Plan for life sucking at times.
    2. Try to have six months of budget saved up.
    3. If married, or have children, get life insurance.
    4. Try to enter into retirement debt free. You can save on things like gym (at Planet Fitness) and car insurance ($24/month at 4AutoInsuranceQuote). Try to cut back wherever.
    5. Look at your family medical history. Average out how long your ancestors lived. Add 5 years to that average. Is it 68? 75? 92?
    6. Now, plan to have what ever your budget is plus a 5% increase per year. If you have a 2k monthly budget now, that is 24k per year. Multiply that times an extra 5% per year. Finally, multiply that for how long you intend or think you will live. Me? My number is 144k (2kx12monthsx6years)(average family death=66 so I go to 71 (if I retire at 65).
    My number will rise with inflation.
    Now, this notion that we all need to save (or invest in 401’s) 1 or 1.5 million dollars is what the BANKS want you to do.
    7. What do I do with the rest of the money? LIVE LIFE TO THE FULLEST EVERYDAY YOU ARE ALIVE!!!!!!

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