10 Smart Financial Moves For The Newlywed
4. Prepare a Family Budget
Once you are married, it’s very important to create a workable budget for your family. No matter what your income level is, having a fixed budget will surely help you manage your finances well, which eventually help you to cut down unnecessary expenses.
It’s not going to work if you just plan the budget, it’s very important to stick to it even in the worst situations. Remember, your budget should include both of your income, the individual expenses as well as the family expenses.
5. Create an Emergency Fund
Creating an Emergency fund should be your first priority when sketching your financial plan. You need to save money for unexpected events like car repair, or a loss of job. Generally, emergency fund ranges from 3 to 6 month of family expenses.
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