Whether you’re a newlywed, on your second marriage, or just ready to start saving for a big purchase, managing money for two is more difficult than managing for yourself.
Two sets of eyes, two sets of debit or credit cards, and two sets of wants and needs can be hard to navigate. That’s why communication up front is so important. You and your significant other need to be real about your goals and how you can achieve them together. It takes two!
At Two Rivers Bank & Trust, we can help! To open a joint account or get a loan at Two Rivers, come in and speak to a personal banker or loan officer. We will be able to guide you to which products will be the best fit for both you and your spouse.
Katie Marceau, Loan Processor at Two Rivers has some great advice for you.
“Build a household budget,” Marceau said. “Knowing fixed expenses makes it easier to determine where and how you can save. Before my fiancé and I opened our joint account, we put together a budget to be sure that we were both clear on where our money was going to be spent.”
“For us, it is important to have money that we can each spend on ourselves, so that was determined when we made our budget as well,” she said.
“Communication is the most important part of combining finances and keeping things organized.”
No matter your goals, come talk with us. If you’re thinking about taking out a loan for a large purchase, we can help you navigate the process.
“Every couple’s circumstances are different,” Marceau said. “If you wonder how one person’s credit scores may affect the terms of a loan you are both considering, a loan officer can help guide you through the options that are available.”
While Two Rivers is always here to be your neighbor, it’s most important that you and your spouse work as a team!
“Combining finances can be a scary thing at first, but building a plan together will help make certain everything is accounted for,” she said.
Marriage isn’t easy and sometimes budgeting money isn’t either. Come learn about your options at Two Rivers!
Two Rivers Bank & Trust – Member FDIC, Equal Housing Lender