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Money woes after 'I do'

By Lane Hartill Suman Bandrapalli and Elisabetta Coletti

July 21, 1999

Can't agree on how much to pay for that triple-tier wedding cake? If you and your significant other are planning a trip down the aisle and think this is a tough one - just wait for discussions on that joint checking account!

Many misunderstandings can be avoided by discussing money issues before tying the knot. Keep in mind:

*Be clear about each other's financial situation - any investments, credit problems?

*Talk about who will pay bills and manage savings.

*Discuss "mad money" and whether you want to put aside funds for special purchases.

*Review insurance and health insurance coverage options.

Source: Ernst & Young