Marriage is a big step in life, because from one moment to the next your priorities change.
For this new stage to offer the happiness expected by the couple, it is essential to pay attention to issues such as controlling finances.
Having financial problems can be an obstacle to building a solid foundation for your relationship.
See now 9 financial tips for newlyweds.
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7 Coexistence tips for newlyweds
Financial tips for newlyweds
Among the tips, we show how important it is to continue having individual financial planning as well as creating a set.
It is also essential to have a good habit of talking to your partner about expenses. You can reach a common point regarding the couple’s finances.
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Tip 1 – Individual budget
The tendency of some couples is to stop having an individual budget and only maintain the couple’s budget.
Of course, from the moment you decided to live together you accepted the condition of sharing the household bills, but it is important that there is still individual control.
Have your expense and entry spreadsheet, remember that you will still need to have this control.
See Also: 9 unbreakable rules for couples who want to live together and survive
Tip 2 – Couple’s budget
The joint budget is also important, so in parallel with the individual budget, create a spreadsheet with your partner with the household accounts. You should keep these spreadsheets talking to each other.
What must happen is the creation of a proportion, that is, ensuring that personal expenses do not interfere with the couple’s budget.
See Also: 20 infallible tips for having a lasting relationship
Tip 3 – Have control over inputs and outputs
Just like a company, the couple’s finances must be managed with control of the money coming in and going out.
In the first few months it is interesting for the couple to write down in more detail what they are spending. Sometimes it is possible to find expenses that can be cut.
See Also: 10 tips for decorating your home without spending a lot of money
Tip 4 – Have cash flow
Still following the logic of managing a company for the couple’s finances, it is important to have the habit of keeping money in cash, that is, an amount that serves as a reserve for difficult times.
Understand that we are not talking about the couple’s official savings, this should be thought of for the future.
Having money in the account (it’s good to have a joint account) for any unexpected expenses prevents the creation of debt.
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Tip 5 – Talk about finances
Money is one of the main reasons for disagreements and the end of relationships, this happens because couples do not usually establish a dialogue about finances.
Talking about money with your partner isn’t always easy, but it’s good to get into the habit of discussing the direction you want to take in relation to what you have available.
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Tip 6 – Each person’s contribution
When defining how much each person will contribute to the maintenance of the house, it is important to consider how much each person earns.
When there is a large discrepancy in income, it is important that there is proportionality. Maintaining a personal reserve of money is also good for securing your future.
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Tip 7 – Make investments
Couples who invest together can achieve greater goals together. One tip is to establish common goals and thus start saving in addition to making investments.
For example, if you want to buy your own home within five years, you can invest in an investment fund that allows you to have the value of the property’s down payment within that period of time.
The choice of investment funds can be made through consultation with a specialist.
More: See how to decorate a baby’s room without spending a lot
Tip 8 – Be careful with your expenses
This is one of the financial tips for newlyweds that proves to be most valid since at the beginning of your life as a couple it is normal to want to go out to dinner more often, or even buy a series of decoration items or appliances for the home.
Try to curb these desires to experience situations like this with your loved one and control your spending.
You can set a day a week to do something special and try to alternate dinners at restaurants with special dinners cooked at home.
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Tip 9 – Be honest with each other
Newlyweds are gradually discovering peculiarities about their partner and at this point it is important to know about issues such as the other’s level of debt, how much they earn, and practical issues.
Our recommendation is that before the wedding, the couple sit down and put everything together.
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