The conversation about money management in your home needs to happen as early as possible in your relationship
“When I was engaged, my kallah teacher suggested my chassan and I meet with a financial coach. Maybe one day, I thought. I’m getting married in seven weeks. In that time, I have soooo much to do. And we’re moving to Israel, where everything is in shekels, so it will be a learning curve anyway. Now isn’t the right time. My head wasn’t there,” says Chaya.
And so it begins.
Having a discussion about money management is one of those things that a newlywed couple puts on the back burner for a year or two, then ten…. It’s a low dopamine (think: unstimulating) activity that so often gets pushed off — permanently.
Our experience has shown us what happens in so many cases as a result of tabling these conversations until years down the line leads to debt, stress around money, resentment, a lack of clarity over financial goals, a lack of clear roles in the household’s management of money (and often unilateral decision-making by one spouse), and the passing of bad money-management habits on to the next generation. The list goes on.
But the conversation about money management in your home needs to happen as early as possible in your relationship. The start of a relationship is a perfect opportunity, as at this point, before you have a mortgage and tuition to pay off, this topic is more light, and can be set up in a fun way.
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