6. Insurance Coverage

Till you get married you might not had any dependents, even if you had, it would probably be less in number. At this point of time, health covers seriously or might have taken insurance with less cover. But after getting married, it’s very important to take insurance seriously.

Term insurance is better than ULIPs. As ULIPs have got rejected in the market for its front load charges.

7. Chalk out a Financial Plan

Once you fix financial goals for each other, it’s very essential to chalk out a plan to achieve these goals. While planning a financial plan try to consider your growth rate of your income, inflation on your expenses, time set to achieve various goals and rate of return expected from various investment options.

This might slightly look quite complicated and this needs to be reviewed periodically. So in today’s hectic life style you might not get time to look at all these, at such situations financial planners can come to your rescue.

Also Read:

11 Books To Help Children Know The Value Of Money

Interest Rates Not To Be Raised Immediately: Banks