Created: June 21, 2021 10:05 AM
For better, or worse, for richer, for poorer- those are the vows couples make, but when it comes to money, that wedding day promise may be hard to keep.
Local financial professional Barry Bigelow from Great Waters Financial shares four financial vows to make or renew with a significant other.
"Something that all couples need to do are vow to plan together. Within a marriage there are different abilities and desires to communicate," says Bigelow. "If you're not really great about communicating with each other about financial matters, sit down together, write out your thoughts -both short term and long term-so that as a married couple you can work together towards your goals and both support each other and emotionally be there for each other in a financial way as well."
Bigelow says having conversations about money before tying the knot can help couples get on the same page and build a plan to navigate shared finances.
First, put it on the calendar! Carve out time specifically to talk about your finances.
Next, make a list of specific things you want to talk about.
And finally, set the mood! Put phones away, turn off the TV and focus on the task at hand.
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