10 How to Set Financial After Marry

If you are newly married, we congratulate. But do not stare into the king and queen last night, because homework is hard nan mahligai unfolding before your marriage. One step could be worse.

Various matters relating to finance, ranging from shared bank accounts, setting financial goals, insurance, and much more. And because money is something quite emotional - and one of the main causes of divorce - the success of your wedding is also determined by your financial habits and pair up since the beginning.

To build a good start, divide 10 steps:
Start Saving. You may have spent all of the money for a wedding. Well now is the time to rebuild. For starters, collect at least as much as 6 months of monthly expenses as an emergency fund. In addition, start your retirement planning as well from the workplace to invest money in a diversified portfolio in accordance with the family's financial goals.

Say goodbye to separate accounts. Once married, the money is not yours or mine, but belongs to both. Make up a checking account or savings for financial goals together.

Update beneficiaries. Change all beneficiaries on insurance policies, pension plans, mutual funds, and other securities with the name of your spouse. This is actually not absolutely necessary, especially if you and your partner do not have children. However sometimes it is necessary, especially if you have no one else to trust.

Debt. If your partner has not know anything about your debt, it is better to talk about. Thus you can decide how you both will pay off the loan

Find out where your money runs out. You and your partner need to work together to keep track of family expenses. It is easier to evaluate and achieve financial goals when you understand thoroughly wherever the money is spent and how spending patterns.

Create a family agreement on spending. Like the single, you both would have earned and spent money for years without consulting anyone. Unfortunately these days will end after marriage. Can try to discuss with your partner about your habits and approaches to deal with money. Does one person and another frugal spender? Make it a rule to deal with the differences, may set a monthly spending limit for each person or promise to save a certain amount every month to achieve a common goal.

Prioritize purchases. Part of marriage means jointly decide how to spend your money. Make a list of upcoming purchases - school fees, house, car, furniture or pet room - and prioritize them than other expenditures.

Consolidate your credit card. Avoid having more credit cards than you need. It also makes it easier to keep track of household expenses.

Buy life insurance. If your income is used to pay both your monthly expenses - and most couples do - make sure you both have enough life insurance to protect each other. This is absolutely necessary if you both already have dependents, such as children or the elderly.

Set the document. Make sure you both know where important documents are kept. These include birth and marriage certificates, Social Security cards, bank and investment account information, and tax records. This allows us to find the document when needed.