Despite their best intentions, some newlyweds are making financial mistakes right out of the gate that can lead to marital discord. Not talking about money, mishandling debt and not keeping both partners in the financial loop are just a few of the mistakes couples make, say financial advisers.
But a little preparation and some education can help couples avoid these pitfalls — and make for a happier marriage.[SJ-12PB]The degree to which newlyweds wish to combine their finances will differ by couple, but honest communication early in the marriage is crucial, says Robert Walsh, a certified financial planner in Red Bank, N.J. “Couples need to lay it all out there.”
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