Final answer:
Couples should discuss finances early, as financial stress is a major factor in marital stability, with a lack of assets increasing divorce likelihood. Budgeting, investing early, and saving for emergencies are crucial strategies for financial security.
Step-by-step explanation:
When contemplating marriage, it is pivotal for a couple to begin talking about finances early in the relationship. Understanding and managing financial matters is a core aspect of planning a life together.
Especially considering that financial stress can directly impact marital stability. Research from the University of Virginia's National Marriage Project suggests that a lack of financial assets can significantly increase the likelihood of divorce.
Factors such as age, education level, and resultant income levels play a role in a couple's financial status, potentially affecting their marriage.
Couples should create a budget to manage their monthly income and expenditures effectively. Early investing and setting aside a sizable emergency fund are recommended strategies to secure financial stability.
Advisors often suggest 'paying yourself first' by allocating a percentage of income to savings and retirement. Regularly keeping up to date with financial transactions is also crucial in this digital age.