![]() We still use their budgeting forms every month. Use budgeting forms or software to direct your budget-We were working to pay off my student loan debt and ended up following the Dave Ramsey plan, including their budgeting forms to get us started.Here are some things we did after we got married to transition to combined finances: It takes a lot of talking to keep everything straight which is great for our relationship because we have to work as a team to keep things going. He knows if I need extra work clothes, and I know what he’s going to spend on hunting supplies. I think this enhances our communication because we have to talk about those things. We decide how much to spend on clothes, gas, and anything else that comes up. For some, that may seem exhausting, but making a plan for our money keeps us on the same page about a lot of other things that could easily get out of whack.įor instance, we have to decide what to spend on groceries, which means we have to essentially agree on what to buy and what we’ll be eating. We talk about every penny that comes through our account. There were a few tricky months as budgeting for the first time with a joint bank account means a little trial and error, but that’s where communication comes in. Once we combined our bank accounts, we began budgeting together. Part of being in a relationship is being a good teammate and having to discuss finances adds another layer of teamwork that serves to strengthen the relationship. Besides the legal protections that marriage affords, there’s something about officially becoming a team and saying your vows that solidifies the financial commitment as well. Actually, looking back, I’m not sure who paid for groceries or eating out, but it definitely worked for us at the time.Īfter we got married, we decided to combine our finances and are firm believers of combining finances after marriage. We knew we wanted to pay off my student loan debt in 5 years, so our plan was for me to use the majority of my checks towards the loan and then he would pay for most everything else-rent, utilities, groceries, etc. It really wasn’t something that we thought about, but we talked a lot about our finances. My husband and I kept our finances separate until after we were married. This post is about how to handle combining finances after marriage, if you’re dating or engaged, check out my last post Simple Tips for Discussing Finances while Dating and Engaged.
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