7 Money Secrets Every Married Couple Should Know Right Now

Planning on getting married? Already happily married? Here are 7 Money Secrets Every Married Couple Should Know Right Now.

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

Instead of looking at each of your salaries as your own, you can take the approach of looking at all of it as “our money.”

Live On One Income

DINK is an acronym for a dual income no kids household and is one of the most powerful money moves couples can make. Using this time can be critical in setting yourselves up for financial success in the long run.

Keep Working While You’re Child-Free

Side hustles are all the rage and can be a fantastic safety net should the rug get pulled out from underneath you. (You know, like because of a pandemic or something.)

Create Multiple Streams of Income

All of this may seem a little morbid, but don’t let it ruin your post-honeymoon glow. There’s nothing more loving than ensuring your loved ones' financial security.

Get Life Insurance

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