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Personal Finance > Saving and Spending
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Financial planning for newlyweds
graphic December 14, 2001: 5:13 p.m. ET

Going to the chapel? Remember to talk about how you behave at the bank.
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  • Money tips for newlyweds
  • Financial tips for newlyweds
  • What's mine is mine...
  • Going to the chapel
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  • Money 101: Financial priorities
  • Money 101: Family law
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    NEW YORK (CNN/Money) - So you're getting married...if so, you may want to take the stars out of your eyes -- for just a little while, at least -- and deal with a few financial considerations. It's an especially good idea to sit down and talk money with your honey if you're dealing with joint assets, joint bank accounts and joint taxes for the first time.

    Couples need to talk about money to get started on the right financial footing together. Before you get hitched, pay off old debts, set aside an emergency fund and talk about your spending style together. Read below for a few other tips to help ease the transition when you're marrying your finances as well as your hearts.

    Finances for newlyweds

    1)       Make a pre- or post-nuptial agreement. They allow each party to hold on to assets they believe are theirs.

    2)       Build an estate plan. Make a will, a living will, a healthcare proxy and power-of-attorney documents.

    3)       Get out of expensive debt. Pay off and control credit-card debt.

    4)       Set a budget. Hammer out financial goals. Agree on investing strategies.

    5)       Max out your retirement plans. Contribute to workplace plans and investigate IRA opportunities.

    6)       Set aside an emergency fund. Put three to six months' of expenses in a savings or money market account.

    7)       Review medical coverage. Check and see who has the better medical plan.

    8)       Review insurance policies. Check beneficiaries, look for discounts in auto and homeowners' insurance. graphic

      RELATED STORIES

    Money tips for newlyweds

    Financial tips for newlyweds

    What's mine is mine...

    Going to the chapel

      RELATED LINKS

    Money 101: Financial priorities

    Money 101: Family law





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    Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

    Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

    Factset: FactSet Research Systems Inc. 2014. All rights reserved.

    Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

    Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.

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