Editor's note: This is a transcript of the audio file.
You've set the wedding date, but have you talked about money management as a couple? I'm Lucas Wysocki with your Bankrate.com Personal Finance Minute.
Money tops the list of why marriages fail. So how do you get off to a healthy financial start before saying "I do?" First, check each other's credit report. It will reveal any outstanding debts, including student loans and credit cards, and identify what will be owed after marriage. It's good to know each other's money roots. Go over how your parents spent money, and be open about your financial skills as well as bad habits you want to avoid, such as maxing out credit cards. Be prepared to talk about the future and create a plan that will get you there. Do you want to buy a house or save for a potential child's college education? Lastly, decide on a banking setup that will work for both of you. If one of you is more detail-oriented, you may decide to have that person manage the daily finances. For couples who want to maintain their independence, keeping separate accounts may be a better plan. For more about finances and marriage, go to Bankrate.com. I'm Lucas Wysocki.