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A Married Couple’s Guide to Finances

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A Married Couple’s Guide to Finances

Posted On: July 28, 2021 by Exchange Bank of Northeast Missouri in: Budgeting, Financial Education, Personal Finances, Retirement, Save Money, Savings, Spending

Congratulations on your engagement and wedding! Whether you are recently engaged or have already tied the knot, talking about finances is extremely important in order to set you both up for success. Exchange Bank of Northeast Missouri wants to offer a married couple’s guide to finances, so you can live happily ever after.  How will bills be split?  There are many day-to-day and monthly expenses that arise. You’ll want to talk about how these will be shared so both parties feel that a fair outcome has been decided. Talk about groceries, rent/mortgage, property taxes, property insurance, utilities, health insurance, life insurance, car payments, student loans, any repairs/renovations and so on. This can all add up so it’s important to go over your salaries after taxes and retirement savings so you can know who will pay what.  Whose insurance will you use?  You both potentially work at different companies with different insurance. Compare