There are many reasons why financial planning is crucial before tying the knot. Firstly, having a financial plan in place can help you and your partner to identify your goals, both individually and as a couple. This can help you to set realistic financial targets, such as saving for a down payment on a house, paying off debt, or planning for retirement.
Another important reason to create a financial plan before marriage is to avoid potential conflicts that may arise due to differences in money management styles. These conflicts can be avoided by discussing your financial goals, values, and attitudes toward money before getting married.
Finally, creating a financial plan before marriage can help you to build a strong foundation for your future together. A solid financial plan can help you to achieve your goals, and it can provide you with peace of mind.