As a married couple, it’s important to align key financial matters to set a strong foundation for your future together.
Open and honest conversations about money—both short- and long-term—can help you stay on the same page and avoid financial stress.
Here are some essential topics to discuss:
- Goals – Define your short-term (0-3 years), mid-term, and long-term (10+ years) financial priorities as a couple.
- Budgeting & Cash Flow – Build a joint budget that outlines your income, fixed expenses, and variable spending.
- Credit & Debt – Commit to monitoring your credit together.
- Insurance – Review life and health insurance needs.
- Bank Accounts – Decide whether to merge accounts, maintain separate ones, or use a combination of both.
- Taxes – Determine whether filing jointly makes sense for you, as it may provide benefits like higher standard deductions and tax credits.
- Retirement Planning – Assess how your marriage impacts retirement and pension accounts, and align on long-term savings strategies.
- Estate Strategy – Update your will, healthcare power of attorney, and other key estate documents.
Every couple’s financial situation is unique, and having these conversations early can help you build a secure future together. If you have any questions, please reach out – we’re happy to have a conversation.
