A suggestion should be given on marriage is that you decide before marriage who will keep the books after you are married. The one who “keeps the books” is the one who pays the monthly bills and keeps tabs on the online accounts. This is the person who seeks to keep the two of you on track with the spending plan upon which you have agreed. This does not mean that the one chosen to keep the books is in charge of making financial decisions. Such decisions are to be made as a team.
The bookkeeper may not necessarily remain bookkeeper forever. For one reason or another, you may decide after the first six months that it will be far wiser if the other partner would become the bookkeeper. As a couple discusses financial details, it will usually be obvious which one is more adept at such matters.
However, be certain that the one who is not keeping the books knows how to do so and has full knowledge regarding various checking and savings accounts. Remember you are a team and both team members must be fully aware of financial details.
Ideas shared here will help the two of you fully discuss and find agreement on the financial plan you will follow once you are married. Remember that you need a financial plan before you get married and won’t regret one day by saying I wish we could have made.
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