Newlywed Wife questioning Money and Marriage
December 22, 2009 by admin
Filed under Christian Debt Solutions
If you are a newlywed wife that has recently become a member of Marriage Money Matters, I commend you for seeking out this site to get guidance early in the marriage. You have an opportunity to learn so much from the post and prove to your husband you are great at managing money before anything really difficult even happens.
Go through all the posts and learn how to talk with your husband about having joint or separate accounts, how you should speak WITH one another versus AT or TO each other when it comes to finances and much more.
As a newlywed, you should be in the position to pay the bills as well as establish financial goals for the household. If you and your spouse did not talk in great detail about money and marriage. Now is a perfect time.
Let me caution you that I hope you will not be arguing about money and marriage based on a lack of full disclosure on either part about finances being brought into the marriage. Remember, if you both brought financial obligations into the marriage and did not share with each other, that was a choice you made and now you are dealing with the consequences.
You married your husband because you love him and you more than likely had mutual goals in life. That is great and your relationship can actually get stronger by openly discussing the finances.
Be different from your girlfriends that have gotten married, actually talk with your husband about the household finances. Sure, you might be the one paying the bills and making sure the accounts are in good standing. However, LOVE him enough to have a weekly chat with him regarding the financial picture for the marriage. DO not let him go around thinking there is one amount in the bank and you know it is actually less.
If you have not discussed it, here are the top three items you should be discussing:
1) Joint or separate account or both?
2) What are the outstanding financial debts on both parts?
3) Who will be the money manager for the family and why?
These are not the only questions you should be concerned about but they are the first ones. After you have gotten the answer to these and can agree, then we will move on to Part 2 of the Newlywed Wife.