The time leading up to your wedding is filled with excitement, anticipation, and, often, a lot of planning. Last year, just over 2 million couples tied the knot, at a rate of 6.9 per 1,000 of the total population. Unfortunately, many of these couples fail to discuss and plan how they want to approach finances before marriage.

About 70% of married couples have already or will have arguments about money. Discussing finances causes more disagreements than any other subject, including household chores, snoring, togetherness, sex, or what’s for dinner. The top money quarrels regard spending (55%), saving (37%), lying (21%), and exclusion from decisions (11%).

The good news, though, is that discussing finances doesn’t have to be a negative experience. Disagreements over money can be effectively managed – whether you are a newlywed or deep into your marriage. Discussing financial concerns early is important, so we’ve included useful tips in this article to assist engaged couples and newlyweds begin talking. Even if you’ve been married for years, these pointers may help manage financial discord.

 Older Couple Cutting Wedding Cake

Talking Money Before Marriage

Regardless of the age you get married, couples considering marriage should address these financial topics.

Once you’ve made a plan, it shouldn’t be set in stone. At least once a month, set aside time with your spouse to review your plan, see if it’s working as anticipated, and make adjustments. Use this opportunity to talk about money, financial issues, and your progress and setbacks at this time. By working as a team and being open with your spouse, you can determine the methods that work best for both of you to decrease debt, increase wealth, and live the best years of your life your way.

 Couple getting Remarried

Approaching Finances in Remarriage

For older adults, remarriage is becoming increasingly more common. In 2013, 67% of previously married adults ages 55 to 64 and 50% of previously married adults ages 65 and older had remarried. But when getting remarried later in life, you often have added financial considerations that couples in their twenties and thirties don’t have. For instance, if you are combining families, have adult children from previous relationships, or have individual financial portfolios, it is important to be aware of the potential financial impact of remarriage.

Before the wedding day, make sure to have a meeting with your partner to discuss finances, especially if one or both of you are still working, have children, and/or have significant assets. Honesty and clarity are critical to creating a successful plan. Below, we’ve listed topics for you to consider as you prepare to walk down the aisle again.

Discussing your finances can be complex – there are many layers to wade through and potential answers for each topic. However, if you start discussing your finances early and keep the line of communication open, it could save you more difficult conversations later – and potentially save your marriage.