We take our vows at our weddings, we say for “richer or poorer”, but many couples find it so hard to maintain their finances together. Some manage it alone like they used to before marriage and some try to combine both their incomes and handle it as a couple.

Managing your money after marriage can be quite different as you are living with another person and you will have to adjust and consider the needs of your partner. It can be confusing, but handling finances together can be a great way to bond with each other. Finances play a great role in marriage relationships, and if you handle it well you can bond nicely with each other, but if you don’t, there are chances for misunderstanding each other.

The following are some of the ways you can successfully manage finances after your marriage.

Make a budget as a couple:

Before starting out to manage your finances, you need to sit down and make a budget. Without a budget, you will not have a clear idea of what your expenses will be based on. Set a goal and make sure that both of you make your expenses within the budget. Review the joint expenses you have made previously and make alterations to manage your finances efficiently.

Track Your Budget:

Most of us make a budget but fail to put an effort to follow it. Budget is more like restricting yourself from buying things which are not needed or useful to both of you. Keep track of everything you spend on a spreadsheet, and at the end of the month, you can check if you have overspent on anything.

If you think one method is not working out for both of you, you can try other means of cutting down expenses which will be comfortable for both of you.

Get your boundaries right:

As a couple, you will have to do many things together but there are places where you will have to set boundaries, and your partner must be comfortable with that. If you do not come to a common ground, there will be unnecessary arguments and misunderstandings. If something is bothering you about the budget, try to sit down and talk to your partner and make them understand the issue you are facing.

Some people might be satisfied in managing their finances individually, and if your partner agrees with you, then both of you can manage your expenses independently. Based on your lifestyle you can decide if you want to join your account or have individual accounts.

Set apart a date night to discuss your finances:

After getting married both of you might be busy with various things but make sure that you set apart time where you can sit with your partner to discuss your finances as a couple.