How to talk about finances with your spouse

It can be really hard for couples to speak honestly about finances because many of them have big differences when it comes to money. Everybody has his/her own view, and everybody thinks the way they manage money is the correct way. Here's how to get on the same financial page as your spouse:

• Plan to talk about it. This is one part of your lives that you and your spouse have to agree on. If not, there could be a financial disaster in your future.
• Create a list of your individual financial priorities and compare them. For instance, you may feel that purchasing a great pair of shoes every season is important, but is it more important than saving money for a house? Talk about things like this with your spouse. Don't hold back, and don't keep secrets. If you have to have some gray area, settle on a number; for instance, "I get $150 a month to use however I want."
• Concentrate on the similarities between both of your financial goals and outline how you can accomplish those things.
• Use a financial planner. Utilizing a neutral third party can really even out the process. And you don't have to schedule appointments regularly; just spot check every once in a while, especially as your goals change.
• Keep in mind that it's very common in marriage for one individual to manage all the money and the other to play a more passive role. As long as you both are comfortable with this, there's nothing wrong with it. However, you don't want one person taking control of everything while the other endures it in silence.
  

By keeping these tips in mind, you're sure to have a bright financial future!

Source. Photo Credit: debtfreedecatur.com

5 things to do after you say 'I do'

1. Clean and put your gown away. Get your dress dry-cleaned within six months of your wedding (the sooner, the better). Be sure to use a service that focuses on wedding dresses so they use the appropriate solvents. Ensure they stuff it with acid-free tissue, stay away from using metal pins or buckles and place it in a box. When it's home, keep it in a cool, dry place.

2. Change your name. It's ideal to change all your IDs within 90 days of tieing the knot. Here's how:
Go to DMV.org to find state forms to change your driver's license. Many states require you to bring your marriage license to the DMV as evidence of your new name.
Change your passport. Visit TravelState.gov for more info. You'll have to mail in your current passport, a copy of your marriage certificate and possibly new passport photos.
Change your social security card. You can find out how at SocialSecurity.gov. You might have to apply in person depending on where you live.
Call your credit card companies to get your name changed.

3. Send thank you notes. You should send thank-you notes within two months of your wedding. Set a goal (such as 10 per night), and write them during commercial breaks. Split the project with your hubby, and the job will be less overwhelming. Be sure that both of you sign your names on each card; another tip: print address and return address labels on your computer if you can.

4. Deal with registry returns. Go ahead and return any gifts within two months of your wedding. If you're registered with a particular store, they are likely to be lenient; keep in mind, however, that each store will have a different policy on when to make returns and what they'll take back.

5. Figure out finances. Talking about money isn't exactly fun, but hopefully you and your spouse have talked about your finances before getting hitched. Several married couples choose to combine their single accounts into one; bring this option up if you haven't already. All you have to do is visit the bank, fill out required paperwork, and obtain new debit cards and checks.

For more after wedding to-dos, check out our source: After the Wedding: Newlywed To-do List.



Photo from toyandgift.co.uk