![\"marriage1\"](\"http:\/\/www.spacious.hk\/en\/blog\/wp-content\/uploads\/2015\/10\/marriage1.jpg\")
<\/a><\/p>\n1. You\u2019ve gotta get on the same page about your finances<\/strong><\/p>\n A lot of couples avoid talking about money and financial issues with their partner due to fear of disagreement or potential argument. However, if you keep on burying these issues under the rug, they\u2019ll eventually blow up in your face and seriously affect your relationship. Instead, you should have an open sharing session about your financial values and spending habits in a calm and sensible manner. The discussion should include factors such as income review, credit and debt circumstances. After all, a healthy discussion can help identify problems early on and establish a sense of trust and security between the two of you.<\/p>\n 2. Pay off your debts as soon as possible<\/strong><\/p>\n Starting married life with debt will put an enormous strain on your finances and your relationship. Even if you attempt to hide it, this will only create growing frustration and resentment between you and your partner. Especially in an expensive city like Hong Kong, couples often have to combine forces to apply for a mortgage together. Therefore, there is a crucial need to get all your cards on the table before tying the knot. Another factor to consider is that if a couple has a low credit score rating, lenders might reject a couple\u2019s application or charge a higher interest rate. This is why you should pay off all debts\u00a0as soon as possible (such as student loans and credit cards) in order to improve your credit score. All in all, a solid credit rating will help you obtain a much more favourable interest rate for a mortgage<\/a> or personal loan<\/a>.<\/p>\n 3.\u00a0Don’t forget about long term financial goals<\/strong><\/p>\n Other than setting up short term goals like travelling, or saving up for that new television you\u2019ve been dreaming of, one should never forget about long-term financial goals. For example, starting an education fund for your children early on will be beneficial for your family in the long run. Have a serious talk with your partner about your financial responsibilities. such as paying the monthly instalments of your mortgage, utility bills and other regular subscriptions. Having a joint bank account can make managing household bills much simpler, since you only need to deposit a certain amount of money into the account every month. On the other hand, keeping separate personal accounts is also a smart idea and a way to maintain financial autonomy.<\/p>\n 4.\u00a0Buy insurance for your family<\/strong><\/p>\n<\/a><\/p>\n<\/a><\/p>\n<\/a><\/p>\n