Top 5 tips for succeeding with marriage and money

If you are about to get married and you have some doubts related to personal finances, this article is a must-read. Here you will find out the top 5 tips. Read on to discover all about it!

If you are about to get married and you have some doubts related to personal finances, this article is a must-read. Here you will find out the top 5 tips. Read on to discover all about it!

They say money can’t buy happiness, but when it comes to your marriage, just talking about money goes a long way. To get the conversation started, here’s a checklist designed to help you and your partner budget happily ever after.

First of all, if you’re thinking of changing your name when you get married, be aware that the process varies by state. Don’t forget that you’ll need to change it on all your banking and investment accounts as well. Call or visit your bank, or look at its website, to learn about the process.

First of all, if you’re thinking of changing your name when you get married, be aware that the process varies by state.

Secondly, talking about money should be a healthy, ongoing conversation—there’s no reason to wait for something to go wrong. So set some time aside every month to delegate additional money-related tasks, talk about future financial decisions and see the progress you’ve made together toward accomplishing your goals.

What is more, married couples can decide to file taxes either jointly or separately, so talk to your spouse and your tax professional about which is right for your situation. Then, grab those W-4s and take a second look at your payroll withholdings: You may need to adjust them.

Also, once you’re married, you can name your spouse as a beneficiary—the person who receives money and benefits if something were to happen to you. This applies to things like life insurance, 401(k) plans, your will and any other benefits for which they might be eligible.

Also, once you’re married, you can name your spouse as a beneficiary

Finally, there are a number of different ways you can manage money in marriage. So weigh your options and figure out which method works best for both of you. You might consider opening a joint account, linking your individual accounts together or continuing with separate accounts. It’s a personal decision, so consider the options and decide which works for your lifestyle.

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