Every couple must find it hard too put their finances in order. It takes good planning ahead and some trial and error. Just like what I read in this article by Cynthia Cooper, Ph.D., money is the major reason for the fight in 43% marriage. She also outlines some plan for couples at any age.
1. Don’t live beyond your mean, stop it soon if you do.
2. Treat the household like a business, manage the income and cost.
3. Create an income-and-expense statement, plus a balance sheet if necessary.
4. Create a budget, so you know how much you can spend.
5. Find ways to pay your debt soon, do some cutbacks you both agree on.
6. Find ways to cut expenses or to save more.
7. Get only one credit card for your entire family, use it as minimal as possible.
Read here.