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11 Money Mistakes Every Newlywed Should Avoid

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Do you know that money problem is one of the main reasons why people got divorced? That's why when you're preparing for your wedding day, don't forget to also prepare one of the most critical aspects of your future marriage: household finance. Though it might seem dull, not fun, or even intimidating, you really have to sit and discuss about money and other financial matters with your future spouse before entering a marriage. This is important so the two of you can have a financially-independent marriage and avoid these money mistakes that newlyweds usually commit:

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Mistake #1: Not knowing your partner’s financial background or situation

Aside from his favorite color or songs you love the most, the two of you need to know each other’s financial situation and backstory. So, don’t hesitate to talk about your income and expenses, also debts, obligations, or other assets. That way, you can plan ahead on how to combine those resources or handle a money problem together. Don’t walk into a marriage blindly, without knowing how he is doing financially or what habit he has when handling his money. Asking these questions doesn’t make you materialistic, it simply makes you properly prepared!

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