Valentine's Day is the second biggest holiday where people become engaged. Many people think that all you need is love to get by and maybe that is true in most situations, but when it comes to money it is not true at all. The number one cause of divorce is money problems and money fights. When people fall in love they live in the moment, but when you become engaged it is time to get down to the numbers.
Sit down and lay out the numbers:
You are now one step closer to being married and that means that you are one step closer to marrying your money and any debt you have together. You don't want to get to the big day and not know how the two of you are going to handle money issues. That is a sure way you will have money fights in the future. Make sure to sit down and put it all out in the open.
What is more important:
It is time for you to plan for the big day or is it? Many people think about how can I make this the best day of my life and in the meantime they forget that there are days after that day and you have to financially plan for those as well. You should think about do you want to spend a lot of money on a wedding or have an unforgettable honeymoon? Take it a step further and think about would you rather use the money for a downpayment on a house or feeding 300 people?
Before the big day:
Maybe on this Valentine's day you are no where near being engaged. You still are able to practice financial responsibility. Think about your future goals that you have planned out for this year and how it is going to take money to achieve those goals. If you think about the money you will need you may think twice about an overpriced dinner, flowers, gifts, and a movie.
If it is really about the love then being financially responsible will be a piece of cake because you both will understand what is important!
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