Getting Married


Congratulations! As you and your spouse go through the excitement of starting a new life together, there are a few things you might want to consider about your joint finances.

Buying a home and saving for retirement might be included in your short- and long-term plans, but there are years in between that can seem uncertain. Maybe you’ll have kids or move somewhere new. It’s completely fine if you haven’t figured it all out yet. That’s why a lot of newlyweds need a plan that evolves with them over time.

It can be a lot to balance saving for things like buying a home, paying down your debt, or preparing for the cost of childcare—but two areas to start with are ensuring that you have the right protection to support your new family, and saving for the future.


Tips for becoming financially prepared as newlyweds

1. Banks always assess both of your credit scores

Know in advance how you appear as a couple on applications.

2. Emergency funds are more important than ever

Have at least 3 to 6 months worth of income set aside.

3. Balance both short- and long-term financial goals

Things can change, so it’s important that you have flexibility throughout your life.

4. Work together to track your combined earning and spending

A joint checking account can help organize your expenses.

5. Take advantage of family plans to cut costs

You’re officially a family, so consolidate your accounts and subscriptions.

You may not know that some insurance and financial products allow you to do more than one thing. Explore some options that other newlyweds consider by contacting New York Life Partner Danielle Goslin at 956-412-4949 or