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Step 1
Set ground rules on what topics to discuss. Talk about the consequences of the decisions made and not the manner in which it was arrived, share concerns instead of blaming or criticizing the other person and identify when to stop and postpone the discussion.
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Step 2
Have an honest talk about each other's current income, debts, investments, commitments and retirement plans. Discuss life insurance if both incomes are required to run the family. Remember, it is a touchy subject so tread carefully.
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Step 3
Meet with a financial adviser to discuss both short and long term goals as a couple. Having a third person in financial discussions makes it more professional and easier to handle.
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Step 4
Consider entering into a prenuptial agreement to protect assets and other business interests. Meet with an attorney to discuss how debts and assets acquired separately as individuals should be treated after marriage.
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Step 5
Opt to keep separate checking accounts if your spending styles vary. Consider consolidating credit cards and opt for a reward-based card that gives cash back or accumulates miles for travel.
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Step 6
Talk about the possibility of a single income when it comes to kids. Analyze what your career goals and priorities are and what arrangements you plan to make during pregnancy and after childbirth.
