The Top 10 Financial Mistakes for Young Couples to Avoid

Money is a common marriage stressor. In a pandemic that’s seen a disproportionate number of young couples divorcing, minimizing money disputes can be especially important.

A disgruntled couple refuse to look at each other.
(Image credit: Getty Images)

Talking about money may not be the most romantic conversation, but it just may be one of the best things you can do for your relationship.

At a time when the stress of a global pandemic has set divorce on the rise — particularly among younger couples, according to the National Law Review (opens in new tab) — minimizing money disputes is even more important.

But it’s not all doom and gloom: Setting a solid financial foundation is one of the first steps a newly married couple can take on their path to enduring financial harmony. Couples who can avoid the following financial mistakes may best position themselves for future success.

This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

Salene Hitchcock-Gear, President of Prudential Individual Life Insurance
President of Prudential Individual Life Insurance, Prudential Financial

Salene Hitchcock-Gear (opens in new tab) is president of Prudential Individual Life Insurance. She represents Prudential as a director on the Women Presidents’ Organization Advisory Board and also serves on the board of trustees of the American College of Financial Services. In addition, Hitchcock-Gear has a bachelor’s degree from the University of Michigan, a Juris Doctor degree from New York University School of Law, as well as FINRA Series 7 and 24 securities licenses. She is a member of the New York State Bar Association.