Starting OutEarly in your relationship, it’s smart to have a conversation about your respective spending and saving habits. This will help determine whether you want joint or individual checking accounts, as well as other banking arrangements. This is also a good time to discuss debt, prenuptial agreements, and what your savings goals are.
Day-to-Day FinancesDesignate one person in the family as the bookkeeper, but be sure to keep the other party involved. If something happens to the bookkeeper and the other person has no idea what’s going on, it could be trouble. Also consider whether you’d like to hire a financial planner. (Keep in mind that you don’t need to have a lot of money to take this step.) A professional can offer direction with investments, getting out of debt, and filing taxes.