As a newly-engaged couple or newlyweds, you’re probably getting lots of advice from everyone around you. Some of this advice may be solicited, while much is not. Follow these money moves for couples to grow richer together as you grow old together.
It's important to be open and honest with your partner in all aspects of your relationship, but especially when it comes to money.
When it comes to saving for emergencies, most Americans are woefully unprepared. The best way to protect yourself from unexpected expenses like a major car repair, a hospital stay is to start saving now.
This obviously means you'll need to establish a monthly budget for yourselves. It would be best if you had plenty of money left over when you deduct your monthly expenses from your income.
When you pool all of your money together, you have access to more funds, period. For some, it may be possible to live off of just one income and devote the other to a specific financial goal.
If you're not itching to start a family right away, give yourself time to enjoy the perks of the DINK life. DINK is an acronym for a dual income no kids household and is one of the most powerful money moves couples can make.