| When You Decide To Marry: |
- Talk to each other about your financial habits, attitudes and behaviors
- Disclose your assets to each other.
- Disclose your debts to each other.
- Set goals for yourselves as a couple.
- Create a wedding budget together.
- Begin saving for joint financial goals.
- Begin to pay debts in full by the time you marry.
- Discuss whether or not you want or need a prenuptial agreement.
If so, what needs to be included?
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| Two Months Before Your Wedding: |
- Begin to create your post-wedding budget.
- Decide how money will be managed in your marriage.
- Decide if you will change your name when married.
|
| One Month Before Your Wedding: |
- Finalize your post-wedding budget.
- Decide who will assume financial responsibilities.
- Establish your emergency fund.
- Identify sources of records where you will need to
change your name/address.
- Continue to openly discuss financial management matters.
- If you need health, disability or life insurance, begin considering policies.
- Continue to work on prenuptial agreement with your attorney(s).
Sign the agreement 2 weeks before your wedding.
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| Immediately After Your Wedding: |
- Make name and address changes, as necessary.
- Change beneficiary designations or insurance policies,
pension plans, other documents, as necessary.
- Review all insurance policies. Cancel duplicate
policies, memberships, subscriptions and services.
- Update your will. If you have no will, prepare and execute one.
- Create a durable power of attorney for
financial matters and for health care.
- Contact your employer to make changes to benefits
as needed, that reflect your requirements as a new couple.
- Schedule a time for your financial management discussions.
- Organize your personal documents.
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Basic Money Management
Basic Money Management
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