
We contacted Catholic Financial Life to give Catholic couples a few short tips on managing their finances, especially when just starting out in a marriage. Financial advisor Dan Lloyd, was nice enough to share these ten financial tips for newlyweds: 1. Set Your Financial Goals Discuss your short-term and long-term goals together and write them down. Goals should be SMART: Specific, Measurable, Achievable, Results-based, and Timed. 2. Open a Checking and Savings Account Set up a joint account for household expenses. Do not use check cashing stores because the effective annual interest rate can be as high as 900%. 3. Communicate and Participate Your marriage partnership is also a financial partnership. Both spouses should be involved in the household finances. Set guidelines for financial decisions and talk regularly about your progress towards your financial goals. 4. Create a Budget Start by tracking two months of income and expenses. If your…