6 Budgeting Tips for Newlyweds - Budgeting - Married Fun!

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6 Budgeting Tips for Newlyweds

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As newlyweds, finances and budgeting may be the last thing on your mind - but it’s important to start your marriage off on the right financial foot if you want to keep your finances strong in the long-term. The following are 6 essential budgeting tips that will help you make those first financial steps together as a happily married couple.

Tip #1: Write down long term and short term financial goals

You and your spouse should get together and come up with both long term and short term financial goals. Think of long term goals such as saving a certain amount of money for assets like a new home, a car, or even a less tangible asset such as striving to go down to one income in case you have a child and one parent decides to stay home. Short term goals can include paying off a certain amount of debt each month or something more fun like having enough left over each month to see a movie.

Tip #2: Start building up your savings

You should start building your savings now! It’s never too early to begin saving together as a married couple. Your savings are going to help keep you financially stable and ensure that you have some money to fall back on when you get older.

Tip #3: Create and track a budget

It’s very important to create a budget together once you’re married. In addition to creating the budget, make sure you track it very well so that you don’t overspend or miss ...

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