5 Financial Tips for Newlyweds from Empire ONE FCU

Marrying your finances can be one of the most challenging aspects of starting your life together. Before you make decisions about flowers and a menu, it’s important to discuss how your financial lives will become one. Below are 5 tips to keep in mind.

1. Establish goals. Talk about your timetable for major purchases and expenses, then set goals for one, five and 10 years.
2. Take control of debt. Nothing causes more stress in a marriage than debt. Work to pay down outstanding debt and control the urge to buy indulgences that are outside your budget.
3. Take control of debt. Nothing causes more stress in a marriage than debt. Work to pay down outstanding debt and control the urge to buy indulgences that are outside your budget.
4. Establish an emergency fund. Try to set aside at least three months’ worth of living expenses.
5. Protect what’s important. Creating a will and buying life insurance helps protect the lifestyle you’re creating together.

Empire ONE offers low-cost loans, free checking with no minimum balance or monthly fees and savings accounts that give you access to your money whenever you need it.Talk to us about ways you can Bank Smarter and Live Better.