Are you the type of person that likes to “live for the day,” or are you the type that likes to “save for a rainy day?”
Before you get married, couples should discuss finances. It is quite romantic to say that opposites attract, but this does not hold true in the financial realm. Disparate goals on how the money should be utilized makes money a common battle ground in marriage. Financial conflicts arise in a marriage when one person wants to use the money for status and buy a fancy car each year verses someone that wants to use the money for security and save for retirement. The backdrop of competing desires makes money a major cause in divorce.
Financial disagreements with your better half causes stress in a relationship and impacts self-worth. Arguments happen when there is not enough money to pay the bills. Arguments also happen when there is sufficient money; however, the couple does not agree on how the money should be spent.
Money management is critical in a marriage if you would like to live ”happily ever after.” When you say “I do,” you are joining lives together which includes the financial component. To create a strong financial union, look at what you are both bringing to the marriage in regards to income and expenses. Obtain a credit report to confirm that there are not any surprises when you would like to apply for a mortgage loan. Consider how existing debts and future household expenses will be paid. Create a budget and track your spending each month to see how they compare. Create a joint account to cover the basic expenses, have automatic contributions go directly to a retirement plan and to a savings account, and have a predetermined amount for discretionary spending. Coming to an agreement on “yours, mine, and ours” prior to marriage will help prevent resentment.
Advice to newlyweds is to save early and save often but set aside the funds to go on an adventure! ?
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About Us: A vision has evolved between two determined individuals, a mother and a daughter, with two aspiring dreams that intertwined to create Tirzah! We have embarked on a quest to "Leave a Legacy of Love." Tirzah is a Historical Venue that existed in the 1880’s and has the honor of being listed in the National Registry of Historic Places. This grand structure features crystal chandeliers, spacious ceilings, original hardwood floors, an exterior courtyard with party lights, and an outdoor rustic landscaped area. We are conveniently located in the heart of Central Texas in downtown Belton’s Historical District. Step back in time and see a glimpse of the past in this vintage venue that is ideal for those looking for a unique, nostalgic, and intimate setting for a special celebration. Tirzah offers expertise in the Romance Travel Industry. We design romantic escapes, memorable proposals, honeymoons, anniversary trips, vow renewals, and destination weddings. Our wedding planning services include destination weddings as well as traditional weddings in the Central Texas area. We strive to offer a personalized experience to couples by transforming dreams into Cherished Memories! Diana has fun playing with her grandson, loves to travel, enjoys going on nature walks, and collects quotes. Candice is the mother of the cutest little boy! She enjoys trying new recipes and playing volleyball. She brings creativity to life.