10 Expert Financial Advice for Newly Married Couples

10 Expert Financial Tips for Newly Married Couples

FAQs About Financial Advice For Newly Married Couples

How to understand how much I need for my child's higher education? up-arrow

You need to first carefully research the sum of average course fees and associated educational costs at present. Then, you need to determine how much time you have before your child gets admitted for higher education. You will understand the amount of funds you require after factoring in the expected inflation rate with the average cost of education.

Can I hire a financial advisor to manage and grow wealth? up-arrow

You can hire a financial advisor to get required advice on investing your money. They can advise you regarding the investment instruments that will suit your risk tolerance and grow your fund at the same time. They can also help you plan your taxation.

How to plan financial goals after marriage? up-arrow

The following actionable ways by which financial goals can be set after marriage for a new couple:

  • Setting a plan for retirement savings
  • Setting a financial plan for children
  • Making wise financial decisions
  • Putting your partner first

How to handle finances in a new marriage? up-arrow

To handle finances seamless as a newly-wed couple, you can do either of the following:

  • Merge your bank accounts and share all income and expenses
  • Create a joint account for all shared expenses while also maintaining separate accounts
  • Arrive at a mutual decision and keep all accounts separate and split every bill