7 budgeting tips for couples heading into the New Year

These tips will help couples plan and execute a budget that reflects their shared objectives

Heading into the new year often prompts couples to reassess their financial habits and goals. For couples, financial planning may involve navigating differing spending habits, aligning priorities, and establishing a shared strategy for short- and long-term goals. Additionally, investment options are increasingly accessible even for those starting small.

Structured budgeting and regular financial discussions could help couples manage resources more effectively and reduce potential friction. Here are seven tips that will help couples plan and execute a budget that reflects their shared objectives.

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Discuss shared financial goals early

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Establishing a clear understanding of each partner’s priorities may help reduce misunderstandings and ensure that both parties work toward similar objectives. Experts from Utah State University Extension suggest discussing savings, debt, and spending expectations before creating a budget.

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Record income and expenses together

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