Category Archives: Newlyweds

We’re “Official.” Now What?

Dear Alicia, We’re getting married soon and are wondering if there are any particular financial steps we should take once we’re “official?” -Ned and Nancy the Newlyweds Congrats Ned and Nancy! Getting married is an exciting and hectic time. Here are the financial steps you should be taking once you are “official.” Goals Start by discussing your financial goals now and in the future. Do you want to buy a home, start planning for a baby, or create an emergencyRead More

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How to Set Your Perfect Wedding Budget

The national average cost of a wedding is $33,391 (excluding the honeymoon), and in LA the average price is $44,142. (Source: theknot.com) Planning a wedding is a rabbit hole of expenses that can quickly spiral, often leaving other financial goals by the wayside. If you don’t set a clear path for how your wedding budget fits into your entire financial picture, it is easy to establish a larger wedding budget than your future life can afford. There is a perfectRead More

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A Newlywed’s Guide to Updating Insurance

A lot of things change when you get married, including your insurance options. Making sure your insurance is adequate once you are married is an important step to take. You have the option of buying new, combining, and/or discontinuing policies you will no longer need. Here are the insurance coverages we recommend you review or consider purchasing once married. Life Insurance After you say “I Do”, you might need to increase your life insurance coverage. The bills you would leave your spouse with include,Read More

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Get the Gift of a Financial Plan

Are you interested in a financial plan but not sure if it is in your budget? Ask for a Financial Plan as a gift. Here is why, when, and how to get it. 4 Reasons Why 1. It is a great investment – The ROI (return on investment) for a financial plan can be huge. Setting up a plan for the future can be life-changing. 2. Even your stingy relatives would want to contribute to this gift for you –Read More

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5 Myths About Credit Scores for Newlyweds

My Newlywed clients often ask me about how their credit score changes when they get married. I am sharing some of the typical myths I hear and discussing how your credit score is really affected by getting married or divorced. Myth 1: We have a joint credit score as a couple. Credit scores are calculated and given on an individual basis. When you get married, your credit scores do not get merged into one joint score. You will each remainRead More

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The 7 Money Questions you NEED to ask before saying “I Do”

Did you know, “about three in 10 couples disagree on finances at least once a month, most commonly about major purchases or spending habits”? (from Ameriprise Study study on couples and money 9/2016) These are my top 7 questions you should discuss with your partner before you say “I Do.” These questions will help you get clarity on each of your financial situations and explore how you see your financial future together. *Pro Tip: Grab a glass of wine andRead More

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