5 Financial Tips For Married Couples with Gladiator Lending

The best way to begin your journey into Marriage, is a strong base for your finances.

Here’s a few tips for starting off on the right foot!

This is a sponsored post by Gladiator Lending. All thoughts and opinions are 100% my own and not swayed in any way.

Assess your Assets.

Not all couples share bank accounts and finances.

However, you should both sit down at some point, and go over your assets.

Whether you decide to combine your finances and debts, or choose to keep them separate. Detailing money that you have coming in, and going out, will help you come up with a game plan on your financial situation.

This is essential when creating a budget of any type, and the sooner you go over your assets, the better.

Build, and Stick To, A Budget.

You’ll save yourself a lot of frustration and tension within your marriage, by creating and sticking with a solid budget.

Financial struggles can take a toll on any marriage – so if you want smooth sailing, launch a preemptive strike by budgeting everything out.

This still works whether you want to pool your assets together, or keep them apart. Budgets help to keep finances in perspective, and also help couples avoid squabbles over money later.

Instead of having a general idea of where your money is going, budgets can also help to avoid major financial problems in the future.

Because everyone has the possibility of having trouble with debt, it’s important to get antiquated with a solid budget anyway.

Talk To Your Spouse About Your Finances.

Many marriages suffer from lack of communication about finances – so creating a budget together, and not making outrageous purchases without talking to your spouse first, can avoid a lot of issues.

Even if you aren’t consolidating your income and assets – being open about purchases can avoid animosity.

If you do notice that your spouses purchases are putting a strain on your budget, there’s no shame in bring it up for an open and honest conversation.

Save Money Together!

This can be done whether you pool your assets or not.

But if you can both figure out a way to save money in a special account, this will really help your financial situation. Be it 50/50, or however both parties feel comfortable.

Having a net egg is vital to financial success, and can really help you get out of debt (should this ever happen).

You should both agree that this savings account is just that – savings. Neither one of you should dip into that account without consulting the other. This will also help if you have certain goals, such as buying a home.

By saving and planning together, not only will you secure your financial situation, but it’s something that can bring you closer together as a couple.

Know When To Accept You Need Help.

A big factor of strains on a relationship, when it comes to finances, is admitting you’re in debt.

There’s different kinds of debt, and not all debts are bad. But the first step to getting out of debt, is first admitting you have it.

Try to avoid placing blame, even if yes, your spouse is the one that can’t stay within budget. This is a problem you should be tackling together, and playing the blame game is unnecessary.

Reassessing your budget, spending your savings on the important bills that need to be paid, and reevaluating your expenses will help reduce your financial debt.

It’s ok to reach out to professionals as well. Debt Consolidation companies, like Gladiator Lending, can help set you up with low interest loans to take some of the stress off your situation.

It Takes Two To Tango…

The longer you avoid the issues, the worst your debt is going to get. Your marriage will follow as well.

But if you can talk with your spouse, arrange a game plan, and stick together, you can get through it!

Author: Jasmine

SAHM to one little boy, and wife to a former member of the USMC. I blog about parenting, relationships, brands I love, and product reviews!