Money Secrets Every Married Couple Should Know Right Now

As a newly-engaged couple or newlyweds, you’re probably getting lots of advice from everyone around you. Some of this advice may be solicited, while much is not.

Well, today, you’re going to get seven more pieces of advice. The good news is that it has the power to transform your financial situation. Read on for our top personal finance tips for newlyweds:

Whether you're just engaged and trying to set your wedding budget or just married and saving for your first downpayment, now is the time to come clean about your credit history if you have yet to do so.

Openly Share Your Entire Financial Situation

Most experts suggest having enough money put aside to cover a minimum of three to six months' worth of expenses for your whole family.

Be Prepared in Case of Emergencies

As Dave Ramsey suggests, pay yourself first by contributing to your savings before doling your discretionary spending allowance. It's important to save for sunny days just as much as the rainy ones!

Pay Yourselves First

When you pool all of your money together, you have access to more funds, period. For some, it may be possible to live off of just one income and devote the other to a specific financial goal.

Live on One Income

If you're not itching to start a family right away, give yourself time to enjoy the perks of the DINK life. DINK is an acronym for a dual income no kids household and is one of the most powerful money moves couples can make.

Keep Working While You’re Child-free

A few hundred dollars more each month could make a huge impact on your financial life. Having multiple income streams is also a great way to protect yourself from unexpected expenses or job loss.

Create Multiple Streams of Income

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