Marriage is a big deal for any couple. It’s one of the milestones of life, which is why you shouldn’t take the subject lightly. The marriage proposal and how you plan it is of utmost importance, as it is a huge step in life. If you’re asking someone if they would want to spend the rest of their life with you, you’d like it to be a grand gesture. However, there are specific conversations that every couple needs to have before tying the knot. Sometimes couples don’t have these conversations, and this causes problems down the road. Having the talk also strengthens the bond between two people. These are 15 important things couples should discuss before marriage.
Combining finances is one of the most important things couples should discuss. Knowing how to handle your money takes a bit more thought when you’re about to get married. You need to know how much each of you has to contribute to a joint account. This amount can vary based on the individual salaries earned by both people in the relationship. Since you’re now living together as well, you need to decide the monthly expenses as well. The two of you may differ on the expenditure, which is why this is an excellent conversation to have.
Having a conversation about debt is an important thing all couples should discuss before marriage. If you don’t consult before the wedding, it can dent your finances early into the marriage. Starting your life together in undisclosed debt is not ideal. The student loan debt in the United States is one trillion dollars. It’s very typical for undergraduate or graduate students to take out loans to fund their education. College educations are not cheap, and people are paying back their debts long after graduating. However, if you discuss this with your partner, maybe you can devise a plan to tackle the debt. Together you can contribute a certain amount each month towards paying it back.
Retirement might not be on the mind of a couple about to get married. However, it’s a meaningful conversation to have. The way the world’s economy is today, getting a head start on saving up for retirement will help. This is why it’s crucial to have a conversation with your partner about savings and investments. Living recklessly and without any checks and balances can be very damaging to any retirement plan. Making low investments can also leave you financially crippled and having to work till you’re old.