30 Jan
Money and Marriage: Setting the Foundation
It may not be romantic, but talking about money is one of the most important things that you can do for your marriage. Money is the root of many problems in a marriage, and it is important for spouses to develop a strong financial foundation from the beginning. Elizabeth and Robert Brokamp of the publication Motley Fool created a financial manifesto to lay the ground rules for finance in their family. They found success through the following rules:
- Prioritize
- Track your expenses
- Don’t overspend on food
- Shop Smart
- Talk money once a month
Out of all of these, I believe that communication is the most important. Make it a priority to discuss finances on a regular basis and keep everything out in the open.
