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A woman pointing at a large sheet of paper being held up by a man.

Adding financial resolutions to your wedding vows can be a blueprint for marital success.

Adding financial resolutions to wedding vows

By Sara Croymans, University of Minnesota Extension Service

From eNews, January 27, 2005

Most couples who are marrying these days assume they're headed for marital bliss after they toss the bouquet and return the tuxedos. However, studies show that more than half of newly married couples report serious marital problems within a year.

Sometimes this discord is caused by financial stress and poor communication. Communicating effectively is the key for newlyweds as they strive to manage their money.

Spending goals should be set early in marriage and be based upon values. They can serve as a guide to help the couple spend their money for things that are most important to both individuals. Studies show that couples who write their goals on paper are more likely to achieve them than those who do not. Goals should be specific, include a time frame, and be attainable, such as: "We will save $150 a month for 36 months for a down payment on a house."

For richer or poorer, in good times and bad, it's possible for spouses to avoid, or at least defuse, many of the most common disputes about money by adding the following resolutions to their wedding vows:

Sara Croymans is a family resource management educator with the University of Minnesota Extension Service Regional Center, Morris.