Getting married can be a joyful, yet demanding time, especially where finances are concerned. If you are planning a wedding, chances are that budgeting for the big day is top of mind right now. Have you and your future spouse considered how you will handle the finances after the vows are exchanged? You've probably already made the choice between separate and joint accounts, but have you thought about which kind of account is best? Have the two of you created a budget yet? What about determining how often you'll sit down to discuss finances? Answering these questions now may save you and your fiancé time and money in the months and years ahead.

Finding an Account that Fits Your Life
Whether you’ve chosen to open a joint account or keep things separate, finding the right type of bank account may be beneficial to you. DCCU offers two types of checking accounts to meet the needs of our members. Both accounts feature no monthly fee, no minimum to open, no minimum monthly balance is required and you receive 10 free nationwide ATM withdrawals per year. Our Grow Checking account allows you the opportunity to earn dividends based on various behaviors such as the number of times you use your debit card each month. This account may be a good fit if you enjoy using your debit card and prefer to receive a dividend on the balance in your account.

Rewards Checking, on the other hand, gives you benefits for using your debit card each month. Members with this account type earn CURewards® points that can be redeemed for cash, travel, merchandise, gift cards, or even a donation to a local charity. Additionally, the Rewards account comes equipped with overdraft forgiveness, meaning three NSF (non-sufficient funds) fees can be waived per year. If you like the idea of earning rewards points for using your debit card each month, this may be the account to consider. Click here for complete details about our checking account offerings.

Creating a Budget
After you’ve figured out bank accounts, it may be beneficial for you and your future spouse to discuss setting a budget. A budget is your roadmap for all things finance, and taking the time to establish one can be incredibly valuable. It isn’t just about saving money, but rather a way to take control of your spending. By establishing a budget, you’ll be able to better determine where your money is going—and then plan accordingly. If you wish to start budgeting, but have no idea where to start, checking out our Budgeting 101 page could be beneficial to you.

How Often Will You Talk Finances
Managing your finances is an ongoing process and one that should be reviewed periodically. It may be beneficial to set aside time to talk about finances, whether once a week, once a month, or even quarterly. The important thing to focus on is communication with your significant other. Talking about money is an important part of your marriage and lack of communication can lead to disagreements, ruined budgets, underfunded savings accounts, and unachieved financial goals.

Sitting down with your future spouse now to discuss finances could help alleviate financial stress later on in your marriage. DCCU is here to help. To learn more about the different products and services we offer that may assist in your journey, please visit a Member Center or give us a call at 800.845.8085.

This article is for general information only and not intended to provide specific advice or recommendations for any individual.