How Do You Manage Your Money as a Newlywed Couple?

Has the subject of money come up in conversation much in your marriage? Maybe, what about in your friendships? Probably not a lot! We don’t tend to talk about the details of our financial situation every day, but this is what Karen at Money and Marriage does for a living. She gives friendly, wise finance tips for how to manage your money as a newlywed couple. I sat down to ask her some questions about how her business works!

• How does it work with a couple deciding to work with you?
• Have you ever coached a couple that regretted what they spent on their wedding?
• Why do you think newlyweds often struggle with their finances, and what’s the first step to fixing it?
• What’s your top tip for finding extra money without feeling like you’re sacrificing all the fun stuff or compromising on quality?
• How can couples keep money conversations stress-free, especially when they have different spending styles?
• What’s one common money mistake newlyweds make that’s easy to avoid?
• If someone’s just spent a lot on their wedding, what are your tips to help them bounce back financially without feeling guilty?
• What’s the best way for couples to set financial goals that include both practical needs and splurges they enjoy?
• Do you think financial coaching is applicable if couples have a particularly high income or, on the other hand, a low income?

Karen is a wife and a mother and finance coach. She is passionate about helping couples get on the same financial page. Her mission is to help couples get on the same page with regard finances, work as a team and fulfil their money goals together! Here’s her website: www.moneyandmarriage.net

How does it work with a couple deciding to work with you?

We start with a relaxed, no-pressure call to chat about their current situation and their goals. It’s an opportunity to see if we’re a good match to work together. If we are, we’ll map out a plan tailored to their needs and set the foundation for their financial success.

Tom: I have also just set up the ability to book discovery calls via my website, check it out here!

Have you ever coached a couple that regretted what they spent on their wedding?

I’ve met couples who wished they’d handled certain aspects differently, but none have truly regretted what they spent. The focus isn’t on past decisions but on building a brighter financial future. What’s done is done – the question is now how do you manage your money as a newlywed couple.

Why do you think newlyweds often struggle with their finances, and what’s the first step to fixing it?

Newlyweds often assume they’re on the same page financially without ever discussing money! The truth is, you each come into the marriage with unique money stories, habits, and mindsets shaped by your upbringing. The first step when asking how do you manage your money as a newlywed couple is recognising that there’s no “right” or “wrong” approach – only a new way. Together, you can create a shared financial path that supports your values and goals as a team.

Tom: Beth and I since we started dating have always wanted to be on the same page with the important things. Read a bit about our story here.

What’s your top tip for finding extra money without feeling like you’re sacrificing all the fun stuff or compromising on quality?

Start by combing through your bank and credit card statements for subscriptions you no longer use or want – these can quietly drain your finances. Next, focus on what matters most to you both. For instance, if an upcoming dinner with friends might push you into debt, why not invite them over instead? Make it a bring and share where everyone brings a dish and their own drinks – it’s cost-effective and still full of fun!

How can couples keep money conversations stress-free, especially when they have different spending styles?

Keeping money talks stress-free starts with the when and how. Don’t surprise your partner with these conversations! Choose a calm time when you’re both relaxed and free of distractions. Remember, no one’s perfect, and mistakes happen – show grace and kindness. Setting small, achievable goals together can also make the process more enjoyable. Celebrate your wins, no matter how small – it keeps the momentum going.

Looking for help on how you can get on the same financial page as your spouse? Check out this eBook, it’s full of practical tips on how you can talk about money – without arguing.

What’s one common money mistake newlyweds make that’s easy to avoid?

Assuming the financial side of the relationship will just sort itself out. Communication is key – discuss your finances openly to make sure you’re aligned.

If someone’s just spent a lot on their wedding, what are your tips to help them bounce back financially without feeling guilty?

Start with a plan! Acknowledge that you might have a few lean months ahead, but keep the joy of your wedding day in mind. It was an investment in your love story, and that’s worth celebrating. By budgeting and prioritising, you’ll find your financial footing again soon enough.

What’s the best way for couples to set financial goals that include both practical needs and splurges they enjoy?

Budgeting is your best friend here – and it doesn’t have to be complicated. Choose a budgeting method that works for both of you. Start by assessing your net worth and identifying areas for improvement. Then, create a plan that balances your practical goals with enjoyable splurges. Support and encourage each other along the way – and don’t forget to make it fun!

Need a budget template to get you started? Get your Budget Spreadsheet to help your financial discussions for free today!

Do you think financial coaching is applicable if couples have a particularly high income or, on the other hand, a low income?

Absolutely! Financial coaching benefits couples at any income level. My coaching programme, Discover Financial Success as a Married Couple, provides a safe and supportive space for couples to evaluate where they are, dream about where they want to be, and create a clear plan to get there. Progress doesn’t depend on income – it’s about the willingness to work together and move forward.

If you’d like to find out more about working with Karen, email her at hello@moneyandmarriage.net today and schedule a call.