The dreaded money conversation. Getting it started is the first step.
"You want to take time. Treat it like an important business meeting. Schedule one day a month, or one day a week if you can do that," Financial Professional and Senior Vice President of The Blair Group, Dereck Blair, said.
Blair said once there is open communication, there are five key secrets to maintaining a financially happy relationship.
Number one is finding compromise.
"Compromise is tough. A spender might marry a saver. You've got to make those two work together. The main thing is trust on compromise," Blair said.
Number two is staying honest, no hiding cash or lying about big purchases.
That plays into number three, pooling your money.
"Put your money together. All your bills are coming out of the one bank account, and that makes no discrepancy between the paychecks and makes you on a level playing field," Blair said.
Blair notes that debt can be a death sentence for marriage.
The fourth key secret is eliminating that debt.
"If you go into a relationship and there is debt, you need to be up front about it. You can't bury your head in the sand. Look at what you have. Don't spend money if you don't have it. If you have to save for something for several months, then save, but stay away from the debt," Blair said.
Number five is making financial planning a ritual.
"For me and my wife, we sit down every Sunday evening for 20 to 30 minutes. We look at what bills we have and what we need to pay," Blair said.
Blair said if kids are involved, couples should do extra planning.
"There is always something coming up. Whether it's sports, Boy Scouts, Girl Scouts, there's always extra money needed. So, you want to leave yourself a little bit on the side and have an emergency fund," Blair said.