Newlywed Financial Checklist

Walking down the aisle is one of the most important decisions that two people can make. When two people get married, they bring their spending habits, debt and credit scores with them, so it is important to establish a newlywed financial checklist as part of your premarital financial planning. Money problems are the biggest reason for divorce so a newlywed financial checklist that helps get your financial life in order will not only decrease financial problems but marital ones as well.

Premarital financial planning consists of several components. The first step is to find a reputable financial counselor to help you establish an accurate newlywed financial checklist. It is also a good idea to implement green money management habits to help save money and become less wasteful.

Some things that should be included in your newlywed financial checklist along with establishing green money management habits include drafting or updating your wills, updating life insurance, revisiting retirement savings plans, adjusting your withholding, implementing a savings strategy, and establishing a budget. Getting married is a time full of joy and bliss, but it also comes with its fair share of stress. Premarital financial planning can dramatically alleviate stress and worry about the future.

Since the majority of the men are not as involved with the planning of the wedding, it is a good idea for them to lead the way in establishing the newlywed financial checklist. So while you're fianc?e is out looking for her dress, you can meet with a financial planner and start hammering out the details.

The information supplied in this article is not to be considered as medical advice and is for educational purposes only.