How to Combine Your Finances After Marriage | Happily Managing Your Money TOGETHER

How we manage our money together & grow our wealth as a couple!
My husband Eric joins me for this one to help me explain how we successfully manage our money as a couple (because he is super smart and really good at money)! We started combining our finances before we got married and have figured out some great strategies to help us minimize our money arguments and achieve our financial goals as a couple.
Here are the resources that I mentioned:
Mint for Budget and Expense Tracking: www.mint.com/ (Get the app)
Eric’s Top Resources:
Rich Dad Poor Dad by Robert Kiyosaki: amzn.to/32ROeQq
Cash Flow Quadrants Book by Robert Kiyosaki: amzn.to/30IXS5a
Cash Flow Board Game: amzn.to/32WJk4L
Unshakeable by Tony Robbins: amzn.to/333s2Tg
Kyle’s Top Resources:
Rich Woman by Kim Kiyosaki: amzn.to/3eXbYF6
You Are a Badass at Making Money by Jen Sincero: amzn.to/2X0evrX
Let's plan together! My online course & wedding planning workbook will guide you step-by-step through the entire wedding planning process. Get organized, stay on track and be SURE you aren't missing something important! Get it here: www.theunveiledbride.com/star...
I hope this video is helpful in getting your newlywed finances started off right!
xo Kyle James
💌: [e-mail]

[@katcrum6046]

I really enjoy that you emphasize building a good foundation before marriage, instead of just focusing on the fun frilly stuff.

[@glomovargas]

He loves you so so preciously, and I’m sure you love him the same. I love seeing happy and healthy marriages as I didn’t grow up with happily married parents. I am getting married next year and I love all of your videos.

[@myeconomy9807]

Combining finances after marriage can be daunting, but it's a necessary step towards building a strong financial foundation as a couple. This video has some great tips on how to make that process a little smoother. Working together as a couple for financial success is so important. Thank you for sharing.

[@OLISAxo]

I love how obvious your love and respect for each other is. Actual goals ❤

[@TheUnveiledBride]

Awww thank you 😍

[@SalsaColombia]

I just love this guy, he looks like he is such patient and loving person. It reminds me of my husband. Great job to both of you.

[@rebekahdempsey3966]

This has so much great info! Loved it and loved seeing you guys together

[@wombamakuwanashiwaya5879]

I really appreciate this video, thanks for sharing information and tips on how couples can combine finances.

[@abigailmartinez9694]

I really enjoyed this video, you are a beautiful couple. The tips were out of the box awesome.

[@shellsoreal]

Lovvvvveee This!!! Thank YOU

[@NolanAntonucci]

Awesome video!! My fiance shared the "3 conversations to have before marriage" video. Are there any finance/investing KZbin channels Eric follows regularly?

[@Peachlover345]

This is very useful

[@kimfrierson5331]

Great tips!

[@mikesbillz]

Hello there and thanks for the awesome video! My wife and I have been married for over 4 years. We're looking for ways to combine finances and create a joint budget and we want to try what you've suggested here. The thing is, we had a wonderful wedding and don't need to buy a guide for wedding planning. Would you be able to make the bonus content regarding creating a joint budget available for purchase separate from the wedding guide? It would be much appreciated!

[@drsarahprincessmwema5398]

Cool Am working on tht infact before we get married..cos bae is more on th quiet side

[@Mrs.Hunk206]

This is a great video! I just wanted to share something..Every couple/relationship is different.. my fiance and I have been together 4 years and living together for 1 year.. we will be married July 2021. For us we decided together that we want to keep separate bank accounts and finances. We have different spending habits ( I love shopping at dollar tree and goodwill.. I'm very frugal. And he spends thousands of dollars on truck parts and toys.. he just bought us a quad and a boat) He makes more money than me so thats why he does that.. and this last year living together has worked great as is so we will keep it this way. We have some people supporting our decision and others argue that its wrong to do that if you are married. I say do what works for you and your relationship! I'm excited that he can save up is own money to buy us new toys and I use my money to buy groceries and affordable furniture/home decor to DIY and clothes for us! Everyone is happy! 🥰🙌

[@Mrs.Hunk206]

@Umar Waqas I don't have a question. And no thanks I'm good

[@cindy846]

Thanks so much for sharing your experience. My partner feels like it’s unfair if one of the spouses spends a lot because he/she can, while the other needs to be frugal, if they live together. So he wants to have a joint account (and also individual accounts for spending money). Also, sorry to ask, but how did you buy a home? Given the discrepancy in your salaries? I’m asking you these questions just because we’re facing these issues and no one knows what to advise us on this matter. Thanks in advance! 💜

[@Mrs.Hunk206]

@@cindy846 It was definitely a process to buy our home. It took us 5 months to find and buy our house.. My fiancé is 26 and he is an engineer and had been saving up money since we met.. he refused to live in an apartment or rental. He wanted to move out of his parents house into a home. I'm 24 and a licensed hairstylist but i changed career path so now I'm preschool teacher. So yeah big salary differences. He was the one who saved up and paid the down-payment and also his parents helped us tremendously with house hunting and the whole process and also his dad also co signed since we are first time home buyers. Again... we did what worked for us.. and i get not everyone can do it how we did. We did have a few family members who did not agree with this. They told me I was stupid/naive and other bad names for moving into a house without my name on the deed or not being married....let alone 4+hours away from our families. Well we did this because we wanted to..it was a goal we had and it wasn't easy. It's challenging to purchase a home when your not married and also if I added my salary to his we wouldn't have the house we have.. we were able to purchase the home of our dreams because we chose to do things our way.. and have his parents help..since their house has been payed off for a few years. Do what works for you. Even if you can't afford it there are ways..trust me! And we are happy with our decision, I would do it again in a heartbeat!

[@cindy846]

@@Mrs.Hunk206 Thanks for your answer. It’s not that we can’t afford it, it’s just that I’ll probably be the one making more money and I don’t want to be taken advantage of given that we’re not married... I would need your partner’s perspective lol

[@CinemaTeacher]

Kyle and Eric, thanks so much for sharing your knowledge and creativity! We learned so much from your amazing video! Thumbs way up. 👍🏼 At 5:09 you mentioned you based each partner's contribute on income. I’m wondering, how was that split calculated? On Gross Pay or Take-home Pay (after taxes, benefits, pension, IRAs, etc.)? This would be very helpful to know as many couples have a steady paycheck income and that may be easier to calculate than couples who are business owners. Please let me know and keep up the incredible work! 👏🏼

[@TheUnveiledBride]

Hey Roberto! I would recommend doing it on take-home pay - that way you are factoring in if one person is paying for both of your insurance once you get married!

[@CinemaTeacher]

@@TheUnveiledBride, thanks so much! I really appreciate it. We're scheduled to get married July 31, 2021!

[@christinaj22514]

such a helpful video! My fiance and I are getting married in ~2 years and I found your channel trying to get my head around wedding planning too, thank you! I really like the joint checking account, but my fiance and I like using credit cards cause of the rewards we accumulate. Does anyone have any ideas how to make the joint checking account work with a credit card instead?

[@TheUnveiledBride]

For us, we found that the rewards actually aren’t worth it, unless you are paying the card off completely every single month. If you are very disciplined you could use a credit card and just have a separate one for joint stuff, or assign one person’s card as the joint one then the other person would just transfer the money to you so you could pay the card off each month.

[@nancyperez5480]

You guys are so cute!

[@brubie535]

What do you do about credit cards? I want my husband and I to combine our credit cards and share them so we can get the optimal rewards back but how would we allocate our "fun money"? I hate the idea of spending fun money from separate accounts like debit cards. I would rather spend the money on our credit cards so we get the points back but then it would be hard to track if we are on budget for our fun money. Anybody have tips for this?

[@etevolve]

You can put the fun money in an account at the same place where your cash back/rewards cards are. For instance, let's say your credit card is from Discover, they also have checking and savings accounts. The benefit of that is you look at how much cash you have to spend when you log in and you know exactly how much you can charge based on that amount. And you also make sure that amount coincides with the budget. As for combined credit cards, just add each other as authorized users. Create an account as a rewards account and redeem rewards to that account.

[@aftertonightjazz]

You guys are super cute together