Money tips for newlyweds

 With its warm weather, long days and in full bloom, it's no wonder that June is the most popular month for weddings. But with all the craziness that comes with planning a wedding, you may have lost sight of the fact that after you say your "I do's," you and your spouse will be joined by more than just your hearts - you'll be joined at the wallet too.

Here are five important steps newlyweds need to take as soon as they return from their honeymoon:

1. Start an emergency savings fund. A financial rainy day is never forecast on the Weather Channel, so it's important to always have at least six months worth of income in a savings account, or money market fund.

2. Get life insurance. In addition to emotional support, you depend on each other financially too. If one of you should die unexpectedly, it's important to make sure that the other will have the money they need to cover expenses, debts and whatever else may lie ahead.

 

3. Have "the talk." Tell each other where all of the key financial information (like checking, savings, and investment accounts, mortgages, insurance, etc.), and important non-financial information and valuables (like birth/marriage certificates, titles/deeds for house/cars, jewelry, safe deposit key, etc.) are located. You should also discuss any outstanding debts you might have, since your credit scores will be combined moving forward.

Source: http://sheknows.com/about/look/6015.htm

 
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