Money Matters For Two
Why Did I Start This Blog
In December 2024, I got married to the love of my life.
Shortly there after, we started the process of changing her last name. But then came a long rabbit hole of the not only the new life we were forming together (now legally), however the financial life we are about to form.
Most couples fall into one of these categories:
They have already merged finances prior to the wedding.
They are waiting to merge finances after the wedding.
They have decided to not merge finances (at least for now).
As a practicing financial planner, I found there is a lot of people who have a life change occur (in this case, a marriage), yet may have little to no guidance on how to handle the finances now, how to prioritize their financial goals together or how to merge finances.
It is easy to handle finances when you are single. Paycheck comes in, no one relying on it but yourself, no need for insurance planning, beneficiaries are maybe a sibling (I hope you have your beneficiaries set up), you don’t even think about a will, power of attorney or any sorts of estate planning.
But when you get married, things change.
If you are merging finances, now you are worried about what account type to open, how many bank accounts do you need, how to choose a custodian to have your assets at, how to retitle accounts, how to change (or set up) beneficiaries, how to create a will, how to start saving for retirement & the list goes on and on.
And if you have kids (or plan to have kids), this list gets even longer!
That is where this blog comes in. There are 3 main purposes of Money Matters For Two:
Educate you on different ways to merge (or not merge) finances after you get married
Educate you on the process of financial planning now that two people are together as one
Educate you on how to select/prioritize/create goals that money will help you achieve
Educate you on other aspects of finances, all with the goal to help you become better with your money
Notice the theme here? Educate. Educate. Educate. I have always lead with education.
I hope to see you soon :)
-Kolin
Disclaimer: The content provided in this blog post is for educational purposes only and should not be considered as financial advice. While every effort has been made to provide accurate and up-to-date information, the content on Money Matters For Two is based on personal research, opinions, and experiences. The financial landscape can change rapidly, and what may be applicable at the time of writing may not necessarily be applicable in the future.
Any financial decisions you make based on the information provided here are entirely at your own risk. Money Matters For Two encourages readers to do their own research and, when necessary, seek the advice of a qualified financial advisor or professional to ensure that any financial choices are appropriate for their individual circumstances.