Steps for combining finances after marriage
There’s no one right way to combine finances after marriage. These steps will help you through the process.
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Talk it out
Before you get married, be fully open about any debt you have, and schedule regular meetings to maintain communication. Continue the money conversation throughout your marriage.
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Consider a joint account
Contributing to a joint bank account can simplify paying for shared responsibilities like a mortgage. Each of you can contribute equally or based on your income.
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Set goals together
Form financial goals as a team. For instance, you might prioritize savings, paying down debt or creating an emergency fund.
Every couple’s path to successful money management is unique. Tailor these tips to your situation to start on the right track.
Start today
- Read more: Four simple ways to build and emergency fund
- Learn more: How to manage finances as a couple
- Take action: Open a checking account