Are You Financially Planning For Your Wedding?
Things that were once yours are about to become ours. Your finances are no exception. To help keep the transition from single life to married life nice and smooth, Columbia Bank has collected some helpful thoughts and tips on everything from saving for your wedding to filing taxes.
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Wedding Financial Planning
Communicate. Talk with your partner about how they have dealt with money in the past and how they would like to do so in the future. Make regular conversations about money a part of your routine.
Joint accounts or not, the choice is yours. Make the choice based on your individual comfort with shared accounts. Columbia Bank has a variety of configurations to fit your needs.
Set a budget together. It's important to start planning for that future early on. From daily spending to home purchase goals, get it out there in the beginning.
You don't have to combine debt. In many cases, it's actually a good idea to keep debt separate. There is a better chance the other partner can maintain or build good credit
Learn more about the transition into combining your finances by visiting us!