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Newlyweds Must Learn Money Management

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If newlyweds don't learn money management, arguments about finances could ruin their marriage. If newly married couples want to continue in their wedded bliss, they must must make time to learn proper money management, the Better Business Bureau said.

Financial problems can often lead to unhappiness in marriage, according to the BBB. It's common for separation or divorce to stem from constant money squabbles, even more so than arguments about in-laws and chores. If a couple wants to save their marriage and avoid having to seek debt relief, becoming financially literate is imperative.

BBB spokesperson Alison Southwick said that "when considering your financial future, it's important for newlyweds to realize that they are in it together and nurturing their nest egg can be a rewarding experience - and not just a source of frustration and fights. Have the conversation earlier, rather than later, so that you can develop healthy personal finance habits together."

The BBB advises that couples be honest about their individual debt, designate one person to be in charge of paying the bills, and to create a budget as well as a savings account.

Couples can enroll in a financial literacy class together to learn more about money management and how to stay out of debt.

Timely articles written by the Editors at DRC

New government regulations in place for consumers in need of debt relief for credit cards and other unsecured debts.


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