• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
STOCKPILING MOMS™
  • Recipes
    • Recipe Index
    • Freezer Meal Plans
    • Menu Planning
  • Travel
    • Travel Reviews
    • Travel Tips
    • Disney
    • Kentucky
  • Life
    • Back to School
    • DIY
    • Frugal Living Tips
    • Gluten Free Tips
    • Healthy Lifestyle
    • House
    • Life and Parenting
    • Pets
    • Stockpiling 101
  • Holiday
    • Christmas
    • Elf on the Shelf
    • Valentines Day
    • St Patrick's Day
    • Easter
    • Lent
    • July 4th
    • Halloween
    • Thanksgiving
    • Party Planning
    • Facebook
    • Instagram
    • Pinterest
    • RSS
    • Twitter
menu icon
go to homepage
  • Recipes
  • Travel
  • Life
  • Holiday
    • Facebook
    • Instagram
    • Pinterest
    • RSS
    • Twitter
  • subscribe
    search icon
    Homepage link
    • Recipes
    • Travel
    • Life
    • Holiday
    • Facebook
    • Instagram
    • Pinterest
    • RSS
    • Twitter
  • ×

    Home » Lifestyle » Life and Parenting

    Marriage and Money Management - 5 Tips for Newlyweds

    Published: Dec 9, 2011 · Modified: Jun 3, 2022 · This post may contain affiliate links

    13 shares
    • 12

    Marriage and Money Management - 5 Tips for Newlyweds

    Marriage and Money Management - 5 Tips for Newlyweds. Getting married and managing money can be one of the toughest parts of the process. When two people combine money and how they manage it that can be difficult.

    When Tim and I married our Reverend counseled us on money management and we can honestly say that because of it we entered our marriage with a strong start. Marrying a man who works for a large financial institute it was definitely a change for me in how I did my bookkeeping (or lack thereof).

    Marriage and Money Management - 5 Tips for Newlyweds:

    One piece of advice that he shared with us is to never make a major purchase without running it by your partner. He suggested that we each share with each other what we thought a major purchase would include and agree upon that number. Of course, for me I thought that would be higher than Tim did at the time but all kidding aside it is a key piece of your financial puzzle to be sure that you are not each making large purchases without the other one agreeing too.

    The next tip he gave us was to avoid financial secrets. Keep communication open in regard to finances. Do not open a credit card without your partner knowing because eventually that could hurt your credit score. Now, I won't pretend that I don't have a secret "cash" stash that I maintain but that is just fun money that I earn from consigning.

    He advised us to discuss all income, assets and debts with each other. Luckily, I entered with no debt and Tim had very little and this is something we have always tried to maintain. Living debt free is an awesome feeling! In addition, decide if you want to combine your income or have a "yours", mine and our arrangement with a joint account for household bills. We chose joint but that is each couple's discretion. Decide if you want to consolidate any of your debts or investments.

    It was easy to do, and we eliminated some of our personal credit cards and created a joint card as well. We chose to combine our checking and savings, and each maintain 1 personal credit card however that is up to you.

    Another tip is to update all of your paperwork including a name change (if you desire). I personally chose not to change my name and kept my maiden name (so this process was super easy for me). Also, be sure to update your spouse as beneficiary on any accounts.

    His final tip is to plan your spending and saving together. Create a family budget and decide how much you are going to spend and save. This is a huge stress for some married coupons and one that we have never dealt with because we know what we are spending and saving each month. We created a vacation line in our budget because traveling is important to us, so we save for that as well.

    Stockpiling Moms can be found in all your favorite places. Hop on over to Instagram and follow the fun. We love posting memes, family fun, travel, and whatever we are feeling that day. Pinterest is also an amazing place to visit Stockpiling Moms. This is where you can pin all your favorite articles from our Food, Travel & Lifestyle Blog.

    Melissa Jennings

    Melissa is a football and soccer mom who has been married to her best friend for 24 years. She loves sharing recipes, travel reviews and tips that focus on helping busy families make memories.

    « Tissue Paper Stained Glass Ornament
    Christmas Card Ornaments »
    13 shares
    • 12

    Check out these favorites!

    • Easy Pineapple Upside Down Cake
    • 15 Slow Cooker Freezer Meals in 90 minutes
    • 20 Slow Cooker Freezer Meals in 4 Hours
    • Crockpot Ranch Chicken
    • How To Do Weight Watchers For Free
    • Easy 3 Ingredient Banana Bread

    Reader Interactions

    Comments

    1. lauren

      December 09, 2011 at 11:37 am

      Hehehehe married coupons* where is your head at lol! Great advice though!

      Reply

    Leave a Reply Cancel reply

    Your email address will not be published. Required fields are marked *

    Recipe Rating




    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Primary Sidebar

    Melissa Jennings, Owner & Shelly King, Owner

    Hey Y'all!

    Melissa Jennings and Shelley King are the bloggers behind Stockpiling Moms®. Since 2009, they have been sharing recipes, travel reviews and tips that focus on helping busy families make memories.

    Learn more about us →

    Trending

    • Loaded Chicken and Potatoes Casserole
    • Paula Deen's Peach Cobbler
    • 2 Ingredient Crockpot Pork Chops
    • How to Season your Beef for Spaghetti

    Footer

    Join Us!

    Get all of the recipes & more delivered to your inbox Sign Up Now

    Footer

    ↑ back to top

    HOME | ABOUT | CONTACT | RECIPE INDEX | ADVERTISE |

    COPYRIGHT © 2022 Stockpiling Moms
    DISCLOSURE - PRIVACY POLICY - TERMS OF SERVICE