How And Ways Of Merging Finances

872 Words Jun 5th, 2016 4 Pages
When part of a couple, there are several entertaining things you will do with your loved one. Going on vacations, enjoying candlelit dinners and even going on shopping trips are all things couples like to do together. Along with being fun, the one thing these activities have in common is that they cost money.
Prior to marriage, or even before a couple starts to get serious, money may not be too much of a concern. It is when people start to build a future together that the topic of money and possibly merging finances will need to be discussed and sorted out. Merging finances may seem like a brilliant idea, but prior to couples doing this, there a number of things they should consider, so they have the best possible outcome instead of more stress.
1. Be honest about finances
The number one mistake that couples make when marrying or moving in together is not being honest about their finances. Oftentimes, people may feel ashamed at the fact that they have a lot of debt, especially from credit cards, student loans, medical bills and more. On top of that, they may not be making very much money from their current job, and in combination with their debt, they are concerned about appearing financially unstable. The average person has some sort of debt, so there is really nothing to be embarrassed about. If you want your relationship to have the least amount of financial stress possible, then you have to be honest and fill your significant other in on what is going on with your…
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