Tying the financial knot
The bigger problem in marriages is not incompatibility or infidelity, but rather mismatched ideas about money. Know your partner’s money personality and find the middle ground—fast.
The good news: A recent study found that millennials are better at having “the money talk” than older couples.
“Discover your partner’s money personality before you get married, and go through counseling if necessary. This alone can help minimize arguments of money, establish mutual expectations for using your money and create a shared vision or purpose for the future,” William Pitney, a financial advisor with Focus YOU in Foster City, California, says. “Once married, have a monthly big-picture review of your finances so you can monitor your progress toward your goals and make adjustments as necessary.”