8 money management tips for newlyweds

By Mark Helgesen

For the Deseret News

Published: Wednesday, April 9 2014 1:10 p.m. MDT

If you are going to make a big purchase as a couple — let's say for a new couch — set a limit at which you must discuss it first and wait at least a day before making that purchase. This will help open opportunities to discuss your finances and your budget and the things you really need. It will help keep you both on the same page financially and avoid potential money fights. Sometimes by giving ourselves a grace period before making bigger purchases, it allows the I-gotta-have-it fever to subside, and we avoid buying things we didn't actually need or want.

8. Give

Even if you aren't a church-goer or tithe payer, make some room in your budget for giving. Obviously your particular financial situation will determine how much you can give or if you can give at all. Being a giver and having a selfless attitude and spirit about money will bring more opportunities into your life.

If you are a tithe-payer, I recommend always paying your tithing before anything else. It should be the No. 1 priority in your budget. Being faithful to that principle will bring blessings into your life and blessings into your marriage.

Always remember: When entering a marriage, you have made a commitment to love, support, encourage and serve one another. For richer or poorer, in sickness and health ... You know how it goes. Do it together.

No longer is it I, me or mine. It's we, us and ours.

Mark Helgesen is a financial counselor in Layton, Utah, and a runs a personal finance blog at debtfreemormon.org. Contact Mark at markhelgesen@gmail.com.

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