Living, Tips & Techniques

3 tips for combining your Finances when you get married

Ways to seamlessly blend two worlds.

words by: Natasha Marsh
Aug 13, 2022

Did you receive multiple wedding invitations this year? Book tickets to far away places that cost half of your rent? Invest in specific uniforms and outfits as part of the groom party? Or, maybe you aren’t the one on the receiving end, but instead, the one inviting and requesting your friends and family to your wedding. (FYI: According to a report, 2.5 million weddings will take place this year, the most since 1984.) And of course, congratulations!


If you are heading down the aisle, now is a good time to think about how your finances will work — an important conversation to be had before you say “I do.” Do you open up a joint checking account? Keep a private account for a rainy day? Place the bills in both names? Add your name to their credit cards? What is the safest and most common way to manage finances when you get married? To get the answers to these burning questions, we’re here to help.


Below are 3 incredible tips to help you sort through your finances as a couple. Cheers.


1. Talk, talk, talk

The most healthy thing in all relationships, romantic or friendship, is good communication. You will need this talent for everything; when your partner is sad, happy, mad, or needs to problem solve. Good communication will make things easier for you two, especially when we are talking about money.


In any relationship, money can cause strife and tension. To combat this, be clear on where your partner stands on money. Do they feel comfortable talking about credit scores, debt, and spending habits? Did they grow up with the same saving habits as you? Do they even know how to save or follow a budget? Do you both share the same money values and money boundaries?


For example, it would be really awkward and potentially uncomfortable if one of you is saving up for a vacation while the other is working towards a new car, but you both thought you were on the same page.


2. Carry equal weight

Marriage should be a partnership. What we mean by that is that if both parties are able to provide income, then the responsibility to bring home the bacon should be split. The minute it starts leaning more left than right, or vice versa, is the moment you can land up in gray area. Or worse, have your partner feel like they need to wait for permission to spend money. This is a quick road to resentment. Plus, when both people are sharing the responsibility, they will be more willing to protect the wealth and build it.


3. Have a rainy day fund

Ah, here’s where your savings come in. As soon as you can, create a nest egg to keep you a float for a couple months or more in case anything occurs in your career or lifestyle. You should have been doing this as a single person, even more so as a married one.


You might be thinking about buying your first house. While it can get overwhelming (especially in this market), our guide will give you peace of mind.


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