What is the best financial advice for newlyweds? According to Capital Budget Strategies LLC, Austin’s best Financial Coach, the happy couple should start planning their financial lives together months before the wedding day.
Each spouse must be honest about income, debt, financial goals and spending habits. Unless one spouse has special financial circumstances, such as a Family Trust, our Money Coach suggests combining financial assets and start working as a “Family Financial Team.”
Do not wait until after the honeymoon to tell your spouse about that $150,000 school loan you hope to pay off one day!
For only $149, our Financial Coach will meet with you and your partner, one-on-one via Zoom Video Conferencing and help your new family determine their Net Worth, exact income, the total debt owed (school loans, credit cards, personal loans), provide a blueprint on setting up bank accounts, creating both an Emergency and Survival Funds and, most importantly, create a personalized monthly Budget to help you meet your long-term goals.
We will also discuss 529 Education Accounts, Social Security and saving for a house. Finally, we will set up a Snowball Debt Repayment Plan, if needed.
Our Money Coach has found that with a few changes and a commitment from the spouses to work together, they will begin their life together with a financial plan, a bright financial future and worry about the more important things in life, like a name for the new dog!
If you are not the couple getting married, but wish to give the perfect wedding gift, Capital Budget Strategies, LLC offers “Gift Certificates!”
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