{"id":392,"date":"2017-02-15T08:03:14","date_gmt":"2017-02-15T08:03:14","guid":{"rendered":"http:\/\/blog.kuvera.in\/?p=392"},"modified":"2019-06-10T09:40:44","modified_gmt":"2019-06-10T09:40:44","slug":"money-management-tips-newly-weds","status":"publish","type":"post","link":"https:\/\/kuvera.in\/blog\/money-management-tips-newly-weds\/","title":{"rendered":"Love &#038; Money Edition. 5 money management tips for newly weds."},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_40 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" area-label=\"ez-toc-toggle-icon-1\"><label for=\"item-69e4175b84576\" aria-label=\"Table of Content\"><span style=\"display: flex;align-items: center;width: 35px;height: 30px;justify-content: center;direction:ltr;\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/label><input  type=\"checkbox\" id=\"item-69e4175b84576\"><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/kuvera.in\/blog\/money-management-tips-newly-weds\/#Talking_about_money_may_not_me_the_most_romantic_thing_to_do_for_newlyweds_but_it_is_important_for_marital_bliss\" title=\"Talking about money may not me the most romantic thing to do for newlyweds, but it is important for marital bliss.\">Talking about money may not me the most romantic thing to do for newlyweds, but it is important for marital bliss.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/kuvera.in\/blog\/money-management-tips-newly-weds\/#Talk_About_Your_Finances\" title=\"Talk About Your Finances &#8211;\">Talk About Your Finances &#8211;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/kuvera.in\/blog\/money-management-tips-newly-weds\/#Build_an_Emergency_Fund\" title=\"Build an Emergency Fund &#8211;\">Build an Emergency Fund &#8211;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/kuvera.in\/blog\/money-management-tips-newly-weds\/#Write_Down_Goals\" title=\"Write Down Goals &#8211;\">Write Down Goals &#8211;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/kuvera.in\/blog\/money-management-tips-newly-weds\/#Invest_for_Retirement\" title=\"Invest for Retirement &#8211;\">Invest for Retirement &#8211;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/kuvera.in\/blog\/money-management-tips-newly-weds\/#Plan_for_Tax\" title=\"Plan for Tax &#8211;\">Plan for Tax &#8211;<\/a><\/li><\/ul><\/nav><\/div>\n<p><img loading=\"lazy\" class=\"size-medium wp-image-1271 aligncenter\" src=\"https:\/\/blog.kuvera.in\/wp-content\/uploads\/2017\/02\/LoveMoney-300x251.jpg\" alt=\"\" width=\"300\" height=\"251\" srcset=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2017\/02\/LoveMoney-300x251.jpg 300w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2017\/02\/LoveMoney-768x644.jpg 768w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2017\/02\/LoveMoney.jpg 940w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/p>\n<h4><span class=\"ez-toc-section\" id=\"Talking_about_money_may_not_me_the_most_romantic_thing_to_do_for_newlyweds_but_it_is_important_for_marital_bliss\"><\/span>Talking about money may not me the most romantic thing to do for newlyweds, but it is important for marital bliss.<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>If you think managing your own money is challenging, then incorporating your spouse\u2019s finances can be doubly so. Start talking about finance early and give it time i.e, don\u2019t expect to be an expert right away. The following five tips will help you start on your way to good financial habits and a strong base for your marital life.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Talk_About_Your_Finances\"><\/span><strong>Talk About Your Finances<\/strong> &#8211;<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>Take stock. If you can, take stock before you tie the knot. Talk about accounts, debt, investment and insurance \u2013 especially debt if one of the partners is carrying a lot of undisclosed debt. Make sure each person has a good understanding of where you stand financially as a couple and the expectations that the other holds.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Build_an_Emergency_Fund\"><\/span><strong>Build an Emergency Fund<\/strong> &#8211;<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>If you don\u2019t have 6 months of expenses in a checking account, consider making this a top priority. Aim to save about 6 months\u2019 or more worth of your household expenses in case the emergency is that you have no income. Make it a priority as it brings financial security and protects your relationship in case disaster strikes.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Write_Down_Goals\"><\/span><strong>Write Down Goals<\/strong> &#8211;<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>A goal is a dream with a deadline. For example, do you plan to retire at a certain age? Buy a bigger apartment in 5 years? Start planning for kids? Etc. Write down your goals and review them periodically. If you have surplus income, start investing towards those goals right away. We provide an easy interface to plan and invest for all your goals. You\u2019ll have a much better chance at success if you do.<img loading=\"lazy\" class=\"aligncenter wp-image-423\" src=\"https:\/\/blog.kuvera.in\/wp-content\/uploads\/2017\/02\/Slide2-300x300.png\" alt=\"goal planning for married couples\" width=\"452\" height=\"452\" srcset=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2017\/02\/Slide2-300x300.png 300w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2017\/02\/Slide2-150x150.png 150w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2017\/02\/Slide2-768x768.png 768w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2017\/02\/Slide2-1024x1024.png 1024w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2017\/02\/Slide2.png 1500w\" sizes=\"(max-width: 452px) 100vw, 452px\" \/><\/p>\n<h4><span class=\"ez-toc-section\" id=\"Invest_for_Retirement\"><\/span><strong>Invest for Retirement<\/strong> &#8211;<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>Whether you\u2019re married or not, you need to make sure you are set financially for the long haul. This means you need to save for retirement now. Even investing Rs 5,000 in a month will help you over the long term. Because of compounding interest, time is just as important as money when it comes to growing your retirement fund, so don\u2019t delay. Start small, but start right away.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Plan_for_Tax\"><\/span><strong>Plan for Tax<\/strong> &#8211;<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>It\u2019s said often and it is true \u2013 death and taxes are the only two things that are certain. Thankfully you can plan for your taxes and pay only what you must. Take advantage of Tax schemes when you invest \u2013 especially 80\/C under the tax code.<\/p>\n<p>At the end of the day, keep it simple. Plan for your future together and spend and save in the right proportion.<\/p>\n<p><img loading=\"lazy\" class=\"aligncenter wp-image-393\" src=\"https:\/\/blog.kuvera.in\/wp-content\/uploads\/2017\/02\/wedding-1984211_1920-e1487313110126-300x300.jpg\" alt=\"just married\" width=\"439\" height=\"439\" srcset=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2017\/02\/wedding-1984211_1920-e1487313110126-300x300.jpg 300w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2017\/02\/wedding-1984211_1920-e1487313110126-150x150.jpg 150w\" sizes=\"(max-width: 439px) 100vw, 439px\" \/><\/p>\n<p>Please visit\u00a0<a href=\"http:\/\/www.kuvera.in\/\">www.kuvera.in<\/a>\u00a0to invest in Direct Plans of Mutual Funds and save BIG on commissions!!!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Talking about money may not me the most romantic thing to do for newlyweds, but it is important for marital bliss. If you think managing your own money is challenging, then incorporating your spouse\u2019s finances can be doubly so. Start talking about finance early and give it time i.e, don\u2019t expect to be an expert [&#8230;]<\/p>\n<p><a class=\"btn btn-secondary understrap-read-more-link\" href=\"https:\/\/kuvera.in\/blog\/money-management-tips-newly-weds\/\">Read More&#8230;<\/a><\/p>\n","protected":false},"author":2,"featured_media":416,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false},"categories":[91],"tags":[11,108,107,67,17],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Love &amp; Money Edition. 5 money management tips for newly weds. - Kuvera<\/title>\n<meta name=\"description\" content=\"Talking about money may not me the most romantic thing to do for newlyweds, but it is important for marital bliss.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/kuvera.in\/blog\/money-management-tips-newly-weds\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Love &amp; 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