Whether it’s the bride, groom or dreaded parental expectations – most weddings are expensive. Still, no one should walk down the aisle with finances on the brain. We think that should happen a few days after the Honeymoon. Here’s to the happy couple staying on the financial up and up.

Joint Goals

Set all financial goals together. Many people find serious points of contention when discussing money. Your goals should be agreed upon, whether they consist of planning for vacations, emergencies, or career transitions.

Budget Together

Figure out your individual as well as joint expenses and what to allow for on a monthly and yearly basis. One thing many people forget in budgets is a biggie: saving. We’d recommend trying to save a sizable chunk of your annual income. Around 15%-20% is a good place to start. Then calculate your expenses and monthly budget using the remainder.

Coupling Accounts

Discuss and decide whether or not you want to merge your individual accounts. This is often the default for couples. However, if one person has a much lower credit score, keeping them separate is wise. That way, the person with stronger credit can continue to maintain it to benefit the whole household.

Divide and Conquer

One possibility is to work out a deal in which one person primarily pays the bills. However, just because one of you signs the checks doesn’t mean the other is not privy to any big decisions. That’s why it’s helpful to agree on a minimum amount for mutual approval. Buying a boat probably shouldn’t ever be a surprise. Unless that’s already included in your arrangement.

Are wedding bells in your future or distant past? If either’s the case, tell us on our social networks. Tweet at us or reply on Facebook.