Many people overlook the finer (and financial) details as their wedding date draws nearer.
Chatting through finances is an important step to take before you walk down the aisle. This is the person you'll share a bank account with after all... Or will you?
‘Umming’ and ‘ahhing’ already? It might be time to ask your Mr or Mrs to-be these 3 simple questions before you join in financial matrimony.
1. Do you work to a budget?
Does he or she always have extra money at the end of their pay cycle? They could be working to a stellar savings plan. Get in on the spread-sheet savvy to understand what your partner's money habits could be like down the track.
2. Is my money your money?
Avoid beachside shock while tallying up that honeymoon tab by being up-front early. And stay open about what you'd truly prefer as time goes on. You might like a separate account. Looking to build up interest? It could be time to join forces.
3. Will we be a dual-income household?
Whether it’s in a few months, or 10 years down the track, there may be a time when one of you will need to step down from the workforce for a little while. Get a clear idea of who’d like to bring home the bacon (and who’d like to stay home to cook it) now, not later.
That wasn't so painful now, was it? Keep the coin conversations open and honest as the years go by for a happy (and secure) start to your life together. And remember, no matter the (financial) ups or downs – you’ve found that special someone, so enjoy the ride.