One of the most important steps to take in marriage is financial planning as money matters can rock your marriage. [Photo/ capitalfm.co.ke]
Marriage is not easy. Many couples seek for divorce a few years down the line because of poor decision making. There are different plans you should put in place before walking down the aisle with the love of your life. One of the most important steps to take in marriage is financial planning as money matters can rock your marriage. Here are five crucial financial steps to take before exchanging marriage vows1. Discuss your financial goalsIt is recommended to sit down with your partner to discuss financial goals. Find out whether you share any goals with her or him. If the answer is yes then you need to prioritize those goals for the sake of your financial security. Ask your partner to outline all her financial goals so that you can incorporate them into your plans.2. Disclose your debtsGetting married without knowing all the debts your spouse has is one of the gravest mistakes you can make. Ask your spouse to speak about all his or her debts so that you can think of settling them once you start a family.3. Create a budgetMoney matters have led to many breakups. Some couples want to share expenses while others are not ready to do so. Find out from your spouse how she or he wants the expenses handled. You can agree to share the expenses to make things lighter.4. InvestInvesting is among the steps you cannot ignore if you want your marriage to succeed. Make sure you discuss some of the investments you would like to start before tying the knot. A good family is built upon clear wealth creation plans.