ScaredyCatGuide Three Steps To Financial Happiness for Newlyweds!

Here's the thing, once you get married your are no longer a "you" when it comes to your finances - it is now an "us." So with that said there should be understanding and transparency when it comes to the household finances and investments.

Here are a few steps toward happiness in your financial house:

1 - Get the awkwardness of talking money out of the way

Have conversations about one another's finances, debt, investments and goals. Don't hold back or assume you will get to it at some point. The more and earlier you talk about these things the more comfortable and natural it will become, thus increasing the odds of harmony and decreasing the odds of issues.

2 - Make a pact not to have any financial secrets

Hopefully that pact transcends throughout every facet of the relationship, but being transparent about your finances will prevent any moments of bitterness or resentfulness that occur when a financial landmine blows up to your partner's surprise.

This is an extension of the first step, so make sure you are being completely honest when having financial discussions.

3 - Make Investment Decisions Together

There is a saying "the couple that plays together stays together." Well, I believe this holds true with investing as well. Decide what your financial goals are and then target investments that will satisfy both of your overall needs. Plus, two heads really are better than one as many times each partner balances the other out in regard to risk-reward appetite.

There you have it!

Take those simple steps to finances for a happy financial relationship.

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Regards,

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