Okay, lets get married! Even then, it is essential to remember that there’s life after marriage. Most importantly, you have to make sound financial decisions enjoy a happy life. Yes! Money is a serious issue that can cause a divorce if you don’t get it right from the get-go.

So, if you are serious about securing your future together, then it is imperative that you stay out of debt. While avoiding debt may sound like an uphill task for some partners, it is pretty much do-able if you observe financial discipline. Here are five tips to help you avoid liability

Live Within Your Means

Living within your means is the first step toward staying out of debt. Spend less than you earn and be sure to save for rainy days. If you can afford an item, resist the urge to lend money to buy it but instead opt to save until you can afford to purchase the item on cash.

Prepare a Budget

Having a budget will help you stay organized financial-wise. With a budget, you will know what to spend your money on, and most importantly you can track your expenditure. Additionally, preparing a budget helps cut unnecessary spending which is the reason most people get in debt. Be sure to write down your bills and compare them with your income. Check off the list as you pay

Ignore Credit Card Offers

Unlike what most people think, you’re better off using credit cards for emergencies only.  In case you are using them to accumulate reward points, spend just what you can pay in full at the end of the month. Don’t be swayed by the urge to collect points and forget that you will have to pay for the credit later on.

Create an Emergency Fund

Rather than spending as you earn, work toward saving more and have an emergency fund in place. You don’t know what lies in the future of your marriage life, and you are better off with a saving fund in case you get struck by emergencies such as disease or natural disaster. Saving is an excellent way of avoiding debt in the event of unseen emergencies.

Shop Around for Better Deals

There will always be a better deal on almost every item you intend to spend your money on from groceries to household goods to vacations if you know where to look. Compare prices in different discounts sites to see if you can save a buck or two. You might be surprised at how much you can save if you devoted some time looking for bargains.

In Conclusion

Keep track of your debt purchases. As odd as it may sound, some people take so much debt that they can’t keep track of it. Having a list of your debts can help you stay on top of things and most importantly help you know which debts to pay off first. Start with the most urgent debt and have a plan on how to pay off long-term liabilities such as mortgages. Have a happy marriage life!