I asked our newest Financial Planner, Bradley, to help us out on this one. Here's what he said.
-The summer always hosts the most weddings in a year.
-Any life change, especially marriage/kids, will alter your financial plans. Meeting with a financial planner BEFORE you get married is key.
-Financial matters are the biggest causes of arguments between spouses. However, most couples spend all of their time with their wedding planners and little/no time with their financial planners.
Here are issues that you should consider before you get married.
-Determine what your joint Life Goals are, so that you are planning for the same ends.
-List all combined debts (i.e. continued student loans). It is important to know your total debts as well as combined incomes.
-Saving for and buying a home
-Spending, Budgeting and Saving as a couple - For a complimentary budgeting template, call us or email thehike@nelsoncu.com.
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