Image via Wikipedia If you recently got married, you may be experiencing a little bit of shock over the bills and expenses that are being thrown at you. When you put two households together, it seems that you generally end up with more money going out than you thought you would. What are a few ways that you can go about saving a little bit of money? Combine Bills For example, if you both have different cell phone plans, you may find that it is much cheaper to combine the two into one bill. There are also obvious things, like making sure you are only paying for cable once, or one … [Read more...]
Getting Together A Family Budget
For many families, planning the family expenses is often a one person job. While it's nice for partners to contribute towards meeting bills and budgets, it generally comes down to one parent figure pulling the strings and planning the details. It can be quite an undertaking to planning the family budget so here are a few tips to get you started. The first thing you should do when planning a family budget is to examine any outstanding debt. You can't effectively plan a budget without first getting a hold of the money you owe. Obtain a free credit report from one of … [Read more...]
3 Financial Mistakes Newlyweds Should Avoid
So you've gotten married. Congratulations, best of luck and all that. Now begins your life of wedded bliss. As you may soon find out, money issues can be a big sticking point in a new marriage. It's common. Two different financial views and backgrounds are coming together and it can occasionally be somewhat…tumultuous. Here are three financial mistakes that newlyweds sometimes make and that should be avoided. Failing to make a budget A budget is a must. A budget is a list of expenses, bills and the overall financial picture. Making a list can make it easier to regulate spending and … [Read more...]
Budgeting for Couples
Image by eric731 via Flickr One of the most difficult things for couples to do after the wedding is to get finances together. Putting together a budget for the two of you is much more difficult than what you may be used to, but it is none the less extremely important. One of the biggest reasons that couples fight is because of money. Being able to get your budget and finances figured out early will make it much easier to deal with problems if they come up. When you are putting a budget together with your significant other, you need to take into account both of your income, as … [Read more...]
Building Your First Budget Together
As you embark on your new life together, you may be wondering how to approach a household budget. Perhaps this is your first time planning one as a new couple. Planning your family's finances doesn't have to be an arduous task. Wedding gifts were opened, thank-you notes were sent and moving quotes were taken to help relocate to a brand new place. Talking money and finance may not seem like the most romantic thing to do, however, many people list money woes as a powerful source of stress. By preparing a plan for your family finances you help to organize financial priorities by creating a … [Read more...]