Money & Marriage : Money lessons for newly weds

Nov 9, 2016 | Featured, Money Matters

<ins class="adsbygoogle" style="display:block" data-ad-client="ca-pub-2844138770334366" data-ad-slot="3792955255" data-ad-format="auto" data-full-width-responsive="true">

Money issues is one of the top reasons why many couples call it quits.

It may be because of inability to provide, some face conflict in sharing their wealth, while others simply do not have enough time to flourish their marriage because they’re both busy making a living and as they say, they forget about living.

My husband and I’ve agreed never let money be our reason of fight and argument. We thought it was an easy commitment, but as we face family life, money indeed plays a big role in married life, But… it shouldn’t be the center of a relationship.

Sharing with you some money lessons we’ve learned as a new married couple: 

1. Always ask the experts – money management is not part of our school subjects, that’s why as a couple,  it is a good investment  to enroll in Money Management workshops or seminars, it is also good to interview as many couple as you can about their money management tips, learn from their mistakes, seek advices, be humble enough to admit that we need people who are more knowledgeable than us, and never stop asking, never stop learning.

2. Open a joint account – when you get married, everything that is yours became his, and everything that is his became yours, as advice by many couples, we should treat our money and other assets as “one”.

WRONG MYTH: “Dapat magtago ka ng sariling pera mo, para in case maghiwalay kayo, may sarili kang ipon.” 

A financial expert shared in his seminar before that by keeping a secret bank account on your own, saving for your own future will actually lead you into a mindset trap that someday you and your spouse will go separate ways. #marriagefailed 

So why focus your mind on planning for a failed marriage, right? Always be transparent never keep secrets especially in the area of finance.

3. Determine who’s the budgeter and the spender in the team  I love what Chinkee Tan, a financial expert and life coach said before, Married Life is like a WORK-SHOP, the other one works, the other one shops. haha! but kidding aside, it is important to determine who will manage your finances or your family budget, do not simply toss a coin to determine the “budgeter”, but carefully check and discuss who has the money management skills, it doesn’t need to be the Wife always, if the husband is more disciplined, well, sorry girl, I think he deserves to be the “budgeter”. In case no one seems qualified for the role, it’s time for Tip #1, attend a workshop together & learn together. (you may check out a budget system that we use here)

4. Have a clear financial goals – we honestly learned this part the expensive way, since we are two different individuals joined together, we have differences and unique personal goals, but.. part of married life is sitting down together, discussing Mr. and Mrs. opinions and agreeing as one.

What are your financial goals as a couple? Do you want to save for your own house in the next 5 years? Do you want to start a new business? Even a simple vacation and travel plans should be discussed and agreed. By having a clear financial goals for the week, month and year. It can help you as a couple to stay focus, clear on why are you saving up and know your priorities as well, which is not just beneficial in terms of money but also in terms of time.

5. Always decide as one – never sign something that you haven’t discuss with your spouse yet, never invest into something without consulting your partner first and never make a financial commitment alone. By deciding as one, you can get an insight from each other, pray together, balance everything and avoid future conflicts.

What will you feel if your spouse gave your savings to his/her family? or if He invested into something that you just read – a SCAM? I’m sure it is not the money issue that comes first, it is lack of trust and respect. When deciding as one, it shows respect to our partner’s opinion and acknowledging that you are a team.

As a newly wed couple, we know we have so much to learn about finances, as our grandparents says “marami pang kakaining bigas” but we think the key is to keep the communication open, think of your married and money life as a team work regardless who’s the one earning more.

Do you have any money tips for couples? I would love to hear from you.


  1. Michi

    When it comes to savings account, I agree with joint account. But it is also better if you have your own savings account (which is not secret to your spouse). I learned that If something happened to your spouse, you cannot touch the joint account unless naayos na lahat ng tax.

  2. Gilian

    Great tips. ๐Ÿ™‚ really helpful for couples, newly weds or not. It is true that money usually is the cause why marriages suffer, and I hope this article can help many couples in managing money.

  3. Above Precious Rubies

    My husband and I are married for almost 4 yrs now at wala pa kaming joint account, oh no! haha. I should tell him about it and then we can open one when he comes home from Saudi. These are really helpful tips not just for newly weds, even sa mga couples na may financial struggles.

  4. Janice

    Great tips! I wish I learned these things when I was a newlywed. My hubby and I separated though and when that happened I didn’t have my own money to use because I didn’t think we’d ever separate. So, in my case, I really hope I kept some money for myself when I still could.

  5. Michelle

    I feel like we’re doing a pretty good job as husband and wife kasi almost all of the things you mentioned, ginagawa naming mag-asawa. ๐Ÿ™‚ We even talked to a registered financial planner to set our financial goals and be guided accordingly. Right now, I am the budgeter, and my husband trust me naman. So far, nakakaipon naman kami, hindi nagugutuman, at may investments. ๐Ÿ˜€

  6. mhaan a

    Wow, these are really helpful for newlyweds. Big deal talaga kapag pera ang usapan. I’m very lucky hubby knows how to manage our money wisely since I’m the big spender hehehe. We didn’t have a joint account but hubby has a savings account for us.


Submit a Comment

Your email address will not be published. Required fields are marked *

About Me

Tipid Mommy

Tipid Mommy is a mom blog aiming to inspire women, wives and most especially moms to live a joyful life within the budget.

CLICK HERE: To join our online community of budget conscious moms.


Facebook Pagelike Widget