‘Money Talk’ is Important Before Marriage

Most couples do not wish to talk about money matters before tying the knot; they do not see the importance of this dreaded talk. Research shows that money is the primary reason for broken marriages and also one of the most important reasons for quarrels between couples.

It is important to be clear on monetary issues before marriage, so that fights later on can be avoided. To start off, the couple should know about each other’s exact assets and debts before marriage. It is also important to know the income of each other (before and after tax deduction); both partners must know how much money is going to come in the household after marriage. Though it may seem difficult, it is important to talk on these lines. If the debts of your future partner are far more than what you can handle, you can gauge where this relationship will lead you, and can prepare for it or back out from the relationship.

In case one of the partners is a spendthrift while the other is a miserly saver, there might be issues in the marriage later on, if there are no open talks and discussions between the couple. It must be noted that while it is good to save, it also does not harm to indulge and spend for life’s little pleasures sometimes; this helps to keep the charm alive in a marriage.

For all money matters, like loans and investments, it is advisable to seek professional help. Both partners can visit a professional and get advice on investing and taking loans intelligently.

It is important to remember that post-marriage, there is no ‘my money and your money’, it is always ‘our money’. Even if you earn more than your spouse, the money that comes into the family every month should be distributed equally for payment of bills and other purposes.

Couples can come up with plans on how to manage money for the different expenditures in the house. They can demarcate a budget at the beginning of every month and try to stick to that.

Remember, managing money and expenses is a joint venture and couples should be able to talk on this without hesitation. The more the transparency, the better the relationship will be.


Do you discuss money often with your partner? Let us know your experience of the dreaded 'money talk'.