Tuesday, July 23, 2019

The Problems of Newlyweds

Is someone you know planning to get married? Here’s a little cautionary warning you can give them: Most engaged couples and newlyweds don’t talk about money on a regular basis, according to the findings of a new survey by Northwestern Mutual and wedding planning and registry specialist The Knot.

Only 37 percent of newlyweds and engaged couples talk about their finances monthly. While being on the same page financially is critical to a happy, long-lasting marriage, 72 percent of those surveyed do not have a clear plan when it comes to saving for their passions.

The ironic thing is that 82 percent of couples feel closer to their partners when they’re in agreement about money. But at the same time, 40 percent feel anxious when they think about financial planning as a couple - and 20 percent admit to hiding purchases and cash from their partners.

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