No matter the case, as a married couple, you’ll need to tackle your finances together, including debt.
You can trust that we maintain strict editorial integrity in our writing and assessments; however, we receive compensation when you click on links to products from our partners and get approved. By Nick Pirnack Learn more about Nick on Nerd Wallet’s Ask an Advisor Marriages are full of challenges, but none more significant than those related to money.
And he doesn't understand why it's such a big deal. He has to know on some level that when he asks her for half of the money in front of other couples they are dining with, he's drawing a line in the sand that says, "We're not really married. I am a HUGE advocate of keeping your finances and your assets separate until AFTER you have received the actual marriage certificate.
Was he giving money to his ex, gambling and drinking, or purchasing expensive items without talking to her first? Lessons on saving and budgeting taught them the basics, and from there, they learned how to communicate about money.
As soon as they combined their accounts and began budgeting together, the issues disappeared.
I hear about clients who are engaged and buying homes together because the interest rates are so low and I cringe and pray that it's all going to work out perfectly in the end.
My daddy always said, "Don't buy anything with anybody you're not married to." While I don't think you should buy a home together or put his name on her bank account before the Big Day, I do think you need to talk about and have a plan for your combined financial future.