After completing the most awaited big celebrtion of your life, it’s now time to face the ups and downs of a marriage life. What more can you expect but to start with the financial aspects as a couple. Here’s 13 money saving tips that newly weds can use coming from the pros:
Set Goals - set short-term and long-term financial goals.

Save for tomorrow - save for a rainy day, create an emergency fund, save for a house downpayment, save for retirement.

Keep a Reverse Budget

Log Your Credit Cards - always keep track of your credit card bills.

Pay Next month’s bills - don’t wait till they accumulate

Plan for splurges - it’s always nice to have a contingency budget in case you have an emergency.

Prioritize Debt - know which one to pay first from credit cards, student loans, personal loans, etc. Hint: the one with the highest interest rates!

Know Your funds- don’t buy too many mutual funds. Also, ensure that you are keeping track of the progress of the portfolio and the charges.

Read Class Rules - beware of share classes when buying stocks.

Go foreign - invest in international mutual funds or stocks not just here in the US.

Rev up for retirement- it is never too early to save for retirement. If your company offers 401k plans, you should always try to contribute especially if there are any matching contribution.

Choose insurance wisely - make sure you purchase enough insurance coverage be it life, health, auto, etc.

Budget for a baby- having a new born can put a big dent in your budget. The milk and diapers alone can cost a couple around $250-$600 per month depending on how sensitive the baby with milk.

Source: kansas.com -