Turns out that \u201ccoupling\u201d doesn\u2019t just mean \u201cpairing\u201d in the traditional sense, but is also a catchphrase when it comes to finances. As we head into wedding season, it\u2019s especially relevant. Because as much as you may think no two people have ever been more in love than you are, the truth is that it could be less than smooth sailing ahead if you\u2019re not on the same page when it comes to financial matters.<\/p>\n
\u201cCouples have a very hard time talking about money,\u201d Joan Atwood, a Hofstra University professor of marriage and family therapy, bemoaned on an NPR \u201cMoney Coach\u201d segment on the issue. \u201cI would say it\u2019s the last taboo.\u201d<\/p>\n
Ready to break the cycle? Read on.<\/p>\n
\u2022 Set common goals. You have probably discussed this in a dreamy sort of way while dating, but turning those reveries into reality requires habitually saving to pay for them to finance your later retirement years. This is most likely one thing you may not have thought of at a time when the median ages, respectively, for brides and grooms are 29 and 31.<\/p>\n
\u201cWhile people may come into a marriage with their own assets, they need to take some time after the wedding to sit down and start getting organized as a couple,\u201d advises Andrew Peterson, a vice president at Fidelity Investments.<\/p>\n
\u2022 Be transparent. There\u2019s nothing that says you have to put all your cash into a joint savings account \u2013 but at the very least you\u2019d be \u201cless than truthful\u201d by not divulging any outstanding debts \u2013 and then figuring out, together, how to pay them down.<\/p>\n
\u2022 Safely store your information. Quick: What\u2019s your new spouse\u2019s Social Security number? And what other vital information don\u2019t you know if a sudden need arises?<\/p>\n
To truly mark your financial coupling, you might consider using an online
\nservice such as FidSafe.com that lets you store, access and share all your new family\u2019s important records and documents anywhere via a web browser or iOS app.<\/p>\n
Not only is it free and simple to use with handy checklists, but even before it was officially introduced two years ago by Fidelity, Barron\u2019s magazine gave the service five stars for being what it called \u201cthe first cloud-based safe deposit box we\u2019ve seen that\u2019s secure enough to organize everything from financial statements, insurance policies, and real estate records to a will, IRA benefits, and even passwords.\u201d<\/p>\n
\u201cWith all the other things on their to-do lists, newlyweds typically don\u2019t focus on all the important financial and other documents they need to begin married life on a solid footing,\u201d says Peterson. \u201cThis makes things easier for them from the start, as well as through the years as they have even more joint documents to retain \u2013 including those related to perhaps buying a house and having children.\u201d<\/p>\n
\u2022 Investigate this option. Do you both get health insurance through your employer? Congrats. You may have just saved yourselves some money because, if it works out it\u2019s less expensive for one of you to be on the other\u2019s plan rather than pay for both.<\/p>\n","protected":false},"excerpt":{"rendered":"
Turns out that \u201ccoupling\u201d doesn\u2019t just mean \u201cpairing\u201d in the traditional sense, but is also a catchphrase when it comes […]<\/p>\n","protected":false},"author":1,"featured_media":409,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":["post-507","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-nasional"],"_links":{"self":[{"href":"https:\/\/pojokkalbar.com\/index.php\/wp-json\/wp\/v2\/posts\/507","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pojokkalbar.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pojokkalbar.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pojokkalbar.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pojokkalbar.com\/index.php\/wp-json\/wp\/v2\/comments?post=507"}],"version-history":[{"count":0,"href":"https:\/\/pojokkalbar.com\/index.php\/wp-json\/wp\/v2\/posts\/507\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pojokkalbar.com\/index.php\/wp-json\/wp\/v2\/media\/409"}],"wp:attachment":[{"href":"https:\/\/pojokkalbar.com\/index.php\/wp-json\/wp\/v2\/media?parent=507"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pojokkalbar.com\/index.php\/wp-json\/wp\/v2\/categories?post=507"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pojokkalbar.com\/index.php\/wp-json\/wp\/v2\/tags?post=507"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}