It's so important for you and your new fiancé to budget as a team.

Talking about money before the wedding day can seem daunting and unenjoyable. But it can also be a great way for you and your partner to grow closer together. We talked with Shayne Momber, an Accredited Investment Fiduciary with Arkenstone Financial, who gave some helpful tips on planning your financial future together.


It sounds cliché, but budgeting is essential for newlyweds. "It's critical for you to go over a budget together before you get married," says Momber. "Money problems are the number one reason marriages don't last, so take the time to actually sit down together and go over each and every monthly expense you have."

Take Notes

Momber recommends taking notes in a spreadsheet while making your new budget. "In your spreadsheet, try to divide up wants versus needs. For example, paying student loans is a 'must' every month, but more frivolous items, like shopping or nights out together, can and should be budgeted every month," he says. "Take the time every month to sit down together and sort through all of your expenses."

Use an App

If handling money isn't your strong suit, we have some good news: There's an app for that. "There are plenty of easy-to-use budgeting and savings apps to help automate your budget for you," informs Momber. "This way, you can always check your accounts and see where you're coming up short."


This shouldn't be something that's so difficult to talk about. Yes, finances can be scary, but, if managed properly, this will be a huge step for you both to learn together as newlyweds. "So what? You went to happy hour and bought a couple of drinks. There's nothing wrong with that. Just make sure it doesn't come as a surprise when reviewing your expenses together every month," says Momber.


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