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Tracking your money is the key to being financially secure. Keeping track of where you and your spouse’s money goes is the only way as a family you can set up a stable budget and maintain it. This is not an excuse for finger pointing and passing the blame for overspending. You should never use tracking as an excuse to cut down your spouse for making financial mistakes. The only way to make a solid budget is to first see how much money you bring in, along with how you spend it.

One of the most important decisions that a couple can make when planning their wedding is how they plan on managing their income. It is highly recommend that married couples all have a joint account as well as their own personal accounts. Having a joint account promotes trust and unity in marriage, while the separate personal accounts allow you to have your own spending money to use whenever you want. Ultimately, the choice is up to each individual to decide what is best for them. It’s important to note that separate accounts are a great way to lessen tension over spending money.