Financial stress can rip a marriage to shreds. It’s the second leading cause of divorce according to Although finances aren’t sexy, you can turn them into your marriage’s ally by following some sound advice.

Before entering a marriage, it’s a good idea to know what your partner’s finances look like. You need to see if there are any debts that need to be cleared, see exactly how many outgoings there are and get a general picture of their spending habits just to make sure you’re both on the same page. You might find that your partner isn’t a big spender and doesn’t have much of a credit rating due to a lack of spending. This could influence your ability to get onto the property ladder or even lease a car. You might want to suggest credit cards with no credit history so that you can build a solid credit history and plan for the marriage you deserve.

Set a budget

You and your spouse may have different spending and investing habits. If not addressed, they can lead to friction points in your marriage. A budget creates discipline and predictability for your household. You’ll manage critical monthly costs, such as housing, groceries, utilities, and transportation, more efficiently while building a good credit score. No one wants to reach the point where they are struggling financially and have to ask themselves, should I file for bankruptcy? It is best to set a budget, so it is clear on how much is spent. Write it down, just so it is clear to identify. With that being said, it is never too late to start improving financial situations.

Just as important, a jointly conceived budget allows you to spend discretionary funds more intentionally and with respect for your spouse. Lay the foundation for a sound marriage by creating a budget.

You’ll find some free or inexpensive budgeting apps online. Here is a good resource.

Set some goals

What do you want to do with your money? Your marriage works better when you work together as a team towards your jointly conceived financial goals. For most of us, resources are limited. But for goal-oriented couples operating on a budget, home ownership, retirement, and vacation dreams are within reach. Just make sure to include the extra steps that each involves, such as looking to find home insurance rates at if you buy that house, or getting your booster shots before the vacation.

Financial planners typically advise you to save 15% of your income towards retirement. For some couples, that isn’t enough. For others with school loans and credit card debt, maybe that’s too aggressive. Other finanical planners, may ask that you use a personal finance platform such as SoFi that could help you and your partner pay off your debt and save money.

The point is: set some goals. You have a tremendous financial advantage over your single peers, according to Only 29% of singles say they feel financially secure compared to 43% of married couples. According to, married couples enjoy economies of scale that make a buck go farther. So don’t squander this wonderful benefit of marriage. Discuss your goals and create a budget.

Create a will

In the case of the death of one of the spouses, a will can simplify the grieving process by removing one key stressor. According to it can also reduce your tax exposure:

“Estate laws vary from state to state, but in the absence of a will, surviving spouses without children typically retain only between one-third and one-half of the deceased’s estate. You and your spouse should contact your attorney for more information, and create wills as soon as possible. Be sure to review them every three to five years to make sure they address your changing circumstances.”

Denon & Doyle loves weddings and loves to blog on fun wedding topics. Today’s blog may not be as fun as planning your wedding entertainment, but it offers practical advice for a prosperous future.

Congratulations on your new life together.

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