Brides Magazine recently printed some helpful tips when it comes to combining your money. Check it out!1. Create a budget that you both feel comfortable with to eliminate any surprises.
2. Work together to plan your financial future and set savings goals-experts recommend setting aside 15% of your gross salary for retirement.
3. Determine how you want to handle your banking and whether you want to open a joint account.
4. Change your name and address as necessary on important documents and including your social security card, driver's license, and credit cards.
5. Update your beneficiaries on investment and savings accounts, insurance policies, pension plans, 401 (k) and IRA.
6. Organize all important legal and financial documents and keep them in a protected place in case of an emergency.
7. Reconsider your insurance needs-you may qualify for discounted rates by merging all policies with a single provider.
8. Inform employers of your new status and make changes to benefits plans if necessary.
9. Decide whether you want to file joint or separate tax returns.
Content provided by Brides Magazine.
Photo courtesy of The Memory Journalists
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