Love & Money

Couples usually discuss everything from engagement rings, to china patterns to where they plan to honeymoon. But what about their finances? Will both be in charge of planning their financial future or just one of them?

Through proper budgeting and planning new couples can systemically save for all their short-term goals like a down payment on a first home, or long-term goals like their children's education and their own retirement. The key is to simply get started.

A financial plan is an excellent tool that allows couples to clearly lay out their goals and objectives. Setting up a plan together in the beginning stages of a marriage will save both husband and wife from the frustrations of over-spending and under-saving. Also, by planning together, either one could successfully manage the finances.

Remember, putting a financial plan in place doesn't mean the couple always has to give up the things that they enjoy. In fact, once a plan is in place and expenses are being monitored, couples usually find that they have more money for the little things that they both really enjoy.