Now that you’re newly married, it’s a good idea to have a frank talk about your finances. Follow these steps to get the money conversation going—and cash in on a happier future.

You tell your new husband everything—your hopes, fears, and dreams. But there may be a conversation you’ve both been skirting: the one about money. Learning to share every detail about your finances might take some getting used to, but trust us, it’s well worth it. To help you discuss the past and plan for the future—all while maintaining engagement bliss—we called in the pros. Their simple tips are, well, right on the money.

  1. Create a Vision

Does your “happily ever after” involve jetting off for a Jamaican vacation, or landing a mortgage ASAP? Whatever the dream, it’s important to map out your future together. “Knowing what kind of lifestyle you want can help you create a plan,” says financial guru Matt Bell, author of Money & Marriage. Write down a list of your short-term goals (a car, a new couch) and long-term ones (a four-bedroom home in a nice neighborhood, etc). “You don’t have to have every single detail figured out,” says Bell, “but prioritizing will give you a better sense of how to budget and save.”

Another important aspect: kids. You’ll also want to address child-care and education costs. What is the average price tag of raising little Alice, including college costs? – it’s never too soon to start planning.

  1. Synergize

You work hard for your money, so it can be tough switching from a “mine” to “ours” mind-set. But it’s really important. “Marriage means being partners in all aspects of life, including finances,” says psychotherapist Tina Tessina, Ph.D., author of Money, Sex and Kids: Stop Fighting About the Three Things That Can Ruin Your Marriage. Problem is, many spouses have differing views about spending and saving (in fact, research shows that fiscal opposites attract). That’s why Tessina advises taking the time to share your attitude toward money with your mate—and vice versa. Maybe the cash-flow woes his family faced growing up are the reason he insists on buying generic everything—down to the puffed-rice cereal. “This piece of the puzzle can help you better understand each other’s decisions,” she says.

Another way to sidestep conflict is to create a “discretionary” budget for each spouse to spend as desired, whether that’s on buying stock or the newest Gucci bag. “You don’t have to always agree with your spouse’s purchases, but it is important to see eye-to-eye on pricey items,” says Bell. “Set guidelines about when you need to consult each other—say, anything that costs more than five thousand bucks.”

  1. Lay Debts out on the Table

If you haven’t fessed up about your former shopping habit, now’s the time to come clean. Although your spouse isn’t responsible for those shopping sprees, they can drag down your credit score as a couple. So make a plan: Decide whether you’re going to tackle that debt individually or together. If the interest rate is high—more than 10 percent—joining forces is a smart move. Not sure how to start chipping away? See a financial pro who can help you weigh options and offer smart strategies.

While you’re discussing details, resist the temptation to feel guilty or angry about having debt in the relationship. “Playing the blame game is destructive,” says Tessina. “It eats away at trust and creates a sense of resentment.” Instead, she says, concentrate on the financially free future that you’re creating together.

  1. Decide How You’ll Share Finances

A few decades ago, couples combined their net worth as soon as they traded I do’s. Today, it’s not as simple: Research shows that roughly half of married people have individual accounts. “Having a personal account is useful for day-to-day spending,” says Jon Stein, the founder and CEO of Betterment, an investment site. “But you need a joint checking account for household expenses, such as your mortgage or rent, utilities, and groceries.” Some couples choose to contribute an equal percentage of their income to it (each person gives, say, 60 percent of her paycheck), while others prefer to deposit a flat sum each month. “My wife and I decided to have our salaries go directly into our joint account,” says Stein, a newlywed himself. “And we put a fixed amount into our personal ones.”

For big-ticket items, like a down payment, vacation, or new car, set up a joint savings or investment account. “Use direct deposit to distribute a portion of your paycheck,” advises Bell. “If you don’t see it, you won’t be tempted to spend it.”

  1. Work out the Details

Now that you’ve figured out how much you want to put toward your debts and goals, you can hammer out a budget together. Online sites like Mint and LearnVest have useful tools. “They also track every penny, so you can keep tabs on whether you’re on target,” says Bell. Next, decide who’s responsible for what duties: It’s generally easier to have the more detail-oriented spouse take over paying bills and monitoring the cash flow.

To keep each other in the loop, schedule a check-in every week. “Consider it a bona fide business meeting, where you can catch up on bills and discuss long-term plans,” says Tessina. That means allotting time to chat, setting an agenda to stay on topic, and turning off that episode of Revenge in the background. “You can make it something to look forward to,” adds Tessina. “Discuss finances over breakfast on a Saturday morning, or meet for lunch in a restaurant.” Who says you can’t have a little fun while plotting your financial future together?

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