[et_pb_section fb_built=”1″ _builder_version=”4.18.0″ custom_padding=”0px||||false|false” global_colors_info=”{}”][et_pb_row _builder_version=”4.18.0″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” width=”100%” max_width=”100%” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}”]<\/p>\n
“Marriage is a partnership, and couples can\u2019t win with money unless they budget as a team.” \u2013 Dave Ramsey\u00a0\u00a0\u00a0\u00a0 <\/strong><\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_3,2_3″ _builder_version=”4.18.0″ _module_preset=”default” width=”100%” max_width=”100%” global_colors_info=”{}”][et_pb_column type=”1_3″ _builder_version=”4.18.0″ _module_preset=”default” sticky_position=”top” sticky_offset_top=”40px” sticky_limit_bottom=”row” sticky_position_tablet=”none” sticky_position_phone=”none” sticky_position_last_edited=”on|tablet” sticky_offset_top_last_edited=”off|desktop” global_colors_info=”{}”][et_pb_text _builder_version=”4.18.0″ _module_preset=”default” text_font_size=”16px” text_line_height=”1.6em” link_font=”||||||||” link_text_color=”#666666″ link_line_height=”1.4em” background_color=”#ecedf2″ custom_margin=”||||false|false” custom_padding=”|30px|30px|30px|false|true” sticky_limit_bottom=”row” border_radii=”on|15px|15px|15px|15px” box_shadow_style=”preset1″ global_colors_info=”{}”]<\/p>\n Take time to talk about your finances<\/a> [\/et_pb_text][et_pb_blog posts_number=”4″ include_categories=”2″ show_thumbnail=”off” use_manual_excerpt=”off” excerpt_length=”0″ show_author=”off” show_date=”off” show_categories=”off” show_pagination=”off” disabled_on=”on|on|off” _builder_version=”4.18.0″ _module_preset=”default” header_font_size=”16px” background_color=”#f4f5f9″ custom_margin=”||||false|false” custom_padding=”70px|30px|30px|30px|false|true” custom_css_before=”content: %22Latest Blog Posts%22;||font-size: 20px;||color: #333333;||font-weight: 700;||padding-bottom: 30px !important;|||| top: 30px !important;|| position: absolute;” custom_css_main_element=”border-radius: 15px;” custom_css_title=”padding-top: 0;||padding: 0;” custom_css_content=”padding: 0;” custom_css_post_meta=”padding: 0;” border_color_all_fullwidth=”#e0e0e0″ border_radii_image=”off|25px|25px||” box_shadow_style=”preset1″ global_colors_info=”{}”][\/et_pb_blog][\/et_pb_column][et_pb_column type=”2_3″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_image src=”https:\/\/legacyscore.com\/wp-content\/uploads\/2022\/08\/1.png” alt=”Happy marriage, happy money, financial wellbeing | Wealth Management, Assets, Debts, Insurances” title_text=”Happy marriage, happy money” url=”https:\/\/app.legacyscore.com\/sign-up” force_fullwidth=”on” _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_image][dipl_separator line_type=”none” _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][\/dipl_separator][et_pb_text module_id=”main-points” _builder_version=”4.18.0″ _module_preset=”default” min_height=”55px” custom_margin=”-40px||||false|false” custom_padding=”8px|||||” global_colors_info=”{}”]<\/p>\n Let\u2019s talk money.<\/p>\n At LegacyScore<\/strong> we believe in financial wellbeing and trust. Therefore, we have created a checklist designed to help you and your partner financially plan your future together.\u00a0<\/span><\/p>\n [\/et_pb_text][et_pb_text module_id=”take-time” _builder_version=”4.18.0″ _module_preset=”default” min_height=”285px” custom_padding=”||3px|||” global_colors_info=”{}”]<\/p>\n A lack of knowledge about money can be risky for couples before marriage; past mistakes can affect your future together. Know each other’s financial situation before you walk down the aisle, like how many assets you both own, investment decisions that have been made and how you spend your money on a daily basis.<\/p>\n When you get married, you will be able to make better decisions about how you will merge your money after you have a thorough understanding of your partner’s spending habits and financial picture.<\/p>\n The free<\/strong> LegacyScore<\/strong> Platform provides you with the space to upload all your financial commitments and be able to see them at a glance.<\/em><\/p>\n [\/et_pb_text][et_pb_text module_id=”recognise” _builder_version=”4.18.0″ _module_preset=”default” min_height=”192px” global_colors_info=”{}”]<\/p>\n \u00a0<\/strong>Surprises in a marriage can be welcome, however, debt surprises are not. These can easily be avoided through conversation.<\/p>\n You can work with your partner to pay off your partner’s debt if you know what his\/her debt looks like before you combine finances. Try to keep your finances separate until you get married\u2014for example, don’t open a joint account, co-sign, or add your partner as an authorised user. You’ll need at least one good credit history if you get married.<\/p>\n [\/et_pb_text][et_pb_text module_id=”save” _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n If you’re engaged, open a savings account that’s dedicated to your future financial goals. In order to contribute to your normal savings while still saving money for the wedding, it might be a good idea to boost the amount that you’re saving for it. Even if you’re getting help with the wedding, you’ll likely still want to save some money, such as for a honeymoon or a down payment.<\/p>\n [\/et_pb_text][et_pb_video src_webm=”https:\/\/legacyscore.com\/wp-content\/uploads\/2022\/08\/Happy-marriage-happy-money.mp4″ module_id=”video-breakdown” _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_video][et_pb_text module_id=”fixed-assets” _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n Be 100% honest. Put all your bills out on the table and figure out how much you’ll owe each month, how much-combined income you’ll have, and what you’ll have left. Set spending limits before you get married and decide on a set amount each of you can spend without discussing it with each other first. This will attempt to stop any impulse purchases and any unforeseeable money problems.<\/p>\n This is not to say that after the marriage spontaneity is over. Surprise your partner with a nice dinner out or a box set of their favourite TV show.<\/p>\n [\/et_pb_text][et_pb_text module_id=”agree” _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n With great power comes great responsibility. Each partner might be more interested in managing a certain part of the budget, let them.<\/p>\n \u00a0On one hand, you might be more interested in dealing with insurance policies, asset management, and debt whilst on the other hand, your partner might be more interested in saving for the future and the overall financial wellbeing of the two of you. In a marriage, you should rely on the teamwork you have culminated over the time you have known each other.<\/p>\n [\/et_pb_text][et_pb_text module_id=”be-transparent” _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n There’s no need to wait for things to go wrong to have a chat about money; it should be a constructive, ongoing discussion. Set aside time each month to discuss future financial decisions, assign new money-related duties, and asses your progress toward achieving your goals as a couple.<\/p>\n Take these moments to discuss events that you both can look forward to and set money aside for a holiday destination you have been discussing.<\/p>\n [\/et_pb_text][et_pb_text module_id=”bonus-tip” _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n If you’re considering changing your name after marriage, remember\u00a0to update it on all your banking and financial accounts as well.<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” width=”100%” max_width=”100%” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”]<\/p>\nTable of Contents<\/strong><\/h3>\n
Recognise your partner’s debt<\/a>
Save for beyond the date of your marriage<\/a>
Agree on who manages what<\/a>
Be Transparent with your decision<\/a>
Video Breakdown<\/a>
Bonus Tip<\/a><\/p>\n\n
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