I do and Money Too: Tips for Marriage and Finances

Whether this is your first or second marriage, your dream wedding or a spontaneous ceremony, the financial implications of sharing a lifetime with another person last long after the "I do's."

Here are some things to discuss as a couple, as suggested by financial experts at SBLI USA Mutual Life Insurance Company, Inc:

1) Come up with a Budget
You may have your own budget, but now you are planning income and expenses for two. If you combine your income and expenses, you will need to combine your budgets as well.

Be prudent with your spending. Write down everything each of you spends per month and cut back on non-essentials. Start paying down credit card debt and other loans you both might have. Consider saving 5 and 10 percent of your salary for an emergency fund.

For further tips on creating a sustainable budget read "Become Your Own Financial Advisor: Tips on Planning a Budget and Sticking to It" at www.sbliusa.com.

2) Create a Plan for the Future
Take the time to create a written financial plan with clear goals. The plan should include specific and realistic steps to achieve your dreams, including buying a home, starting a family, taking vacations and retirement.

3) Purchase Life Insurance
Life Insurance is the foundation of a solid financial plan, yet according to a study conducted by LIMRA International, 48 million Americans either don't own life insurance and believe they should, or own life insurance and believe they need more.

Purchasing life insurance will give you peace of mind knowing your loved ones will have financial security should anything happen to you. To access a variety of financial information and tools, as well as to learn more about life insurance and to get a free quote, speak with the experts at SBLI USA.


Get started on the road to financial happiness. Speak with an SBLI USA representative today and take the most important step in your financial plan â € "purchasing life insurance.

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