Get On The Same Page Early

July 16, 2013
by Michelle Perry Higgins

Start Shopping for Long-Term-Care Insurance at 45What financial suggestion would you give to newlyweds?

Marital bliss can be so intoxicating that it is sometimes hard to see through the fog and imagine that you could ever have financial challenges. So while you are still in that state of euphoria, it’s a great time to write out a financial plan. Ideally, you should take care of this prior to the wedding or shortly thereafter. During the financial plan review you will evaluate your budget, spending patterns, savings needs, debt, income expectations (dual or single), insurance and much more. It is critical to have this type of full disclosure occur early on and make sure you are both on the same page with regard to your new financial future.