What kind of money conversations should couples have before the wedding day?
Dan: One of the most important conversations to have concerns your upbringing around money and how you view it. I think that’s going to paint a better picture for what the future is going to look like in terms of how you view finances as a couple. There can be financial trauma that comes from your upbringing, whether it’s because your parents separated due to finances or you don’t have a good understanding of the basics of personal finance because they never talked about money. Working through those things together is important.
Should all new couples merge their finances?
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