Mahoney Money Minute -- June 21, 2011: Financial Tips for Young Couples

What is the most you would spend without consulting with your spouse?

June is Wedding month and in this Mahoney Money Minute, Belmont Savings Bank President and CEO Bob Mahoney offers thoughts to young couples on approaching your finances in the early years of marriage. Money can be a real source of tension in a marriage, especially when there is not strong communication. Marriage is a joint affair, in particular when it concerns budgeting money. Bob recommends dividing up the many roles: book keeper, administrator.

In addition to making smart investments, Bob recommends young couples make consorted efforts to save by putting their money in the bank. Belmont Savings offers a variety of Finance Work Tools as an assistant to young couples looking to save for their future and pursue long term financial success.

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