Blog PostFinances To Discuss Before Marriage

w411dev October 12, 2020

Your wedding day is sure to be full of bliss, excitement and love, but what comes after is just as, if not more, important to enjoy – your marriage. It’s obvious that the two of you are compatible to take this next step in your lives together and we want to make sure you’re set up for success.

Many couples fail to have the discussion of finances before marriage. Speaking openly about finances before and during your marriage will help you avoid the strain that this topic can put on relationships if handled poorly.  If you’re unsure of where to start, take a look at these vital things to discuss regarding your finances so your marriage can start off on the right foot.


Discuss any debt you each may have. Not knowing this information can impede future purchases, like a home or car. Some common forms of debt include student loans, mortgages, car payments and credit cards. These can all be fairly crippling to credit scores if the debt is not paid off in a timely manner. Rather than keep these problems in the dark, face these worries from the start so you can build trust as a couple moving forward. 

Buying A House

Oftentimes right before or immediately after a couple gets married, they buy a home to start their life in. It’s important to discuss who will be responsible for the mortgage and other bills. Similar to having debt, your individual finances will greatly affect the types of loans you are eligible for. Talk with a professional mortgage lender about your options and whether or not you qualify for things like first-time home buyer options that may have better terms for newlyweds. Then you will know exactly how much you can afford when leafing through houses for sale and ensure you’re not paying too much in the future. 

Merging Your Bank Accounts

Once you’re married, you will be considered one by the court of law. Therefore, this is the perfect time to discuss whether or not you will be merging your bank accounts. With a merged account, you can pay for general household expenses such as utilities, mortgage payments and groceries. Also, you can use it on things that you do together such as date nights or vacation. It’s fine to have a separate account where you manage your own spending on items that you personally want. Choose a financial institution that works for both of you as your accounts will have to be with the same bank or credit union. 

Discussing things like finances might seem like they could put a damper on your big day. In reality, handling this matter directly will actually lead to fewer financial conflicts down the road. Set you and your partner up for success from the get-go to ensure the delight of your wedding day continues into your marriage.