Blending Your Wealth: A Financial Guide for Newlyweds and Blended Families. Entering into a new marriage marks the beginning of a beautiful journey. However, amidst the excitement of starting a new life together, it’s crucial for newlyweds to address the practical aspects of merging not only their families but their finances. There are essential steps for navigating financial transitions as newlyweds, from understanding joint finances to planning for the future.

I got remarried a little over a year ago, and let me tell you, after the loss of my first husband Greg, a little over 10 years ago, I became independent in my financial decisions. Learning to again share in those decisions in a new marriage was HARD for me. But it was part of the journey I had to take – transitioning into a blended family. 

From being a sole parent to being a coparent. 

From not needing a joint account to having joint accounts. 

How we spend our money, how we spend on the kids, groceries, what our balance is, what our debt ratio is – there needs to be transparency in transition.

Here is what you should know:


Understanding Joint Finances in a New Marriage

 One of the first challenges that newlyweds encounter is merging their finances. Whether you’re combining bank accounts or managing joint expenses, it’s essential to have a clear understanding of your financial responsibilities as a couple. 

Consider different approaches to managing joint finances, such as maintaining separate accounts for personal expenses while contributing to a shared account for household bills and savings. 

Open communication and mutual respect are key to finding a system that works for both partners.


How to Set Shared Financial Goals as a New Couple


Establishing shared financial goals is crucial for building a solid foundation for your future together. Take the time to discuss your short-term and long-term objectives, whether it’s saving for a dream vacation, buying a home, or planning for retirement. By aligning your financial aspirations, you can work towards common goals and support each other along the way.


Financial Communication and Transparency for Newlyweds

Effective communication about money matters is essential for a healthy and harmonious relationship. Be open and honest about your financial situation, including income, debts, and spending habits, we all have a financial history we are bringing into the relationship, whether good or bad. 

Encourage regular discussions about budgeting, saving, and investment decisions. By fostering transparency and trust, you can strengthen your partnership and navigate financial challenges with confidence.


Budgeting and Expense Tracking

Creating a joint budget is an essential step in managing your finances as a couple. Start by identifying your combined income and expenses, including fixed costs like rent or mortgage payments, utilities, groceries, and discretionary spending. Use budgeting tools or apps to track your expenses and monitor your progress towards your financial goals. Remember to revisit your budget regularly and make adjustments as needed to stay on track.


Planning for the Future

As you build your life together, it’s important to plan for the future and protect your financial well-being. Consider long-term financial planning strategies, such as investing in retirement accounts, purchasing life insurance, and creating an emergency fund. 

Consult with a financial advisor to develop a personalized financial plan that addresses your unique goals and priorities.


Dealing with Financial Changes

Financial changes are inevitable, whether you’re facing unexpected expenses, managing debt, or experiencing fluctuations in income, whether they be ups like a promotion or inheritance or a down month or so in business, tackle these challenges or opportunities together as a team. 

Navigating financial transitions as newlyweds requires careful planning, communication, and collaboration to take the fullest advantage. By prioritizing your finances and working together as a team, you can help build a solid financial foundation for you and your family’s future. 

What else should you know about Getting remarried? Blending families? Blending finances?

I’ve been there as my husband Jim and I went through this very process when we remarried recently. 

We were not only bending families. We were now blending finances. Blending major decisions. Blending parenting styles. And more. 

I’m sharing what you should know to make the process as smooth as possible. Get all the details in this complimentary guide >>



Need further financial guidance?

Book a complimentary no obligation call and we can discuss a plan to help you move forward with confidence.


Donna understands first hand that life has many transitions. Having been widowed suddenly at age 40, reinventing her career, and blending her current family, she understands these unique needs and can give you clarity for moving forward!


Donna (Sephton) Kendrick, CFP®, CDFA®


Donna Sephton Kendrick CFP® CDFA®, Financial planner, Owner and Founder Sephton Financial


This blog is designed to provide accurate and authoritative information on the subjects covered. It is not, however, intended to provide specific legal, tax, or other professional advice. For specific professional assistance, the services of an appropriate professional should be sought. A diversified portfolio does not assure a profit or protect against loss in a declining market.