20 Things To Do Now That You Are Married
It is an exciting time. It is just after your honeymoon and you and your husband or wife are just getting settled into your shared home. Now is the time to build a long and happy life together. And for that to happen there are a lot of practical decisions to be made. Choices that you made as a single person will get re-evaluated now that you are married and are legally part of a twosome. So let’s get started reviewing everything from car insurance to Internet plans to bank accounts to budgeting for two. Here are 20 things to do now that you are married.
1. Write Thank You Notes
This one you should do as soon as the honeymoon is over. Thank everyone who gave you a wedding gift for their generosity.
2. Get Cheaper Car Insurance
Congratulations on your wedding, you are now entitled to cheaper car insurance. There is a correlation between being married and exhibiting safe driving behavior. Because of this, married drivers pay less for auto insurance than singles. So once you are married, start shopping around for new car insurance and save money.
3. Get a Multi-Car Discount
Here is another way to save money on your car insurance, join together with your wife or hubby at the same car insurance company. You want one policy for two cars. Getting a multi-car discount will save you money on your car insurance and being married will help to lower the rate as well. It is good to be married!
4. Share Your Health Insurance
Love your health insurance plan? Why not share it with your husband or wife? You’re also eligible to buy a health plan together after you marry, even outside the Open Enrollment Period. Adding a spouse onto a health plan is easy to do. So talk it over with your spouse and decide if he or she is ready to be on the same health plan.
5. Go to the Same Doctor
If you are happy with your doctor, why not encourage your husband or wife to come on as a patient as well? You’ll go to the same office for your doctor’s visits, the same pharmacy for medications. It could really simplify things, especially if one of you is currently seeing a doctor across town.
6. Check that Credit Report
Now this is not the least bit glamorous or exciting but you will want to make sure there are no errors on your credit report. You have all these things on the horizon, a new house or maybe a new car and you don’t want an error on your credit reporting tripping things up. So go to AnnualCreditReport.com and request a free copy of your credit report. Check for errors and correct any that you see.
7. Review Bank Accounts
It can be a touchy subject since being financially independent was such a big part of being single. But now that you are married you have to reassess the situation. Would you like to share a joint bank account with your spouse? Which one? A checking account or a savings account? Or would you rather as much as you love that person, prefer to keep accounts separate. Talk it over and decide which way will work best for you as a couple.
8. Plan a Weekly Budget
How much money will you spend on food this week? How much will you spend on other expenses? Having a weekly budget can help you stay on track with monthly goals and can help answer the question “Where did our money go?”
9. Plan a Monthly Budget
Having money set aside for all those monthly bills is a big part of having a monthly budget that works. It also is good to have some money set aside for savings each month. So talk about your monthly money goals. How much would you like to have leftover for savings? How can you make that happen in your current budget?
10. Plan a Yearly Budget
This one can seem so very far away but if you have big money goals such as buying a house you are going to need to plan a whole year in advance. What money can you put aside each month for a yearly money goal? If you are really industrious, you could put money aside each week for a yearly money goal. So talk it over with your wife or hubby. What is your yearly money goal? And how can you make it happen?
11. Consider Joint Credit Accounts With Care
This is one of the perks of being married, you can apply for credit accounts in both your names. Now, if you get approved for a joint credit account, it will show up on both of your credit reports and you will both be responsible for the paying of the bill. So handle this account with care.
12. Have Money Dates
Get together once a week or once a month and discuss your money goals. Is your husband paying down some student loans? How is he doing? How is that credit card debt he has been paying down so diligently? Check in with each other on joint and separate money goals and most importantly support each other along the way.
13. Prepare For Retirement Together
Got a 401(k) plan at your job? That is a great way to save money for retirement. And retirement seems a lot more real now that you have the person you are going to be sharing it with. Does your wife or hubby have a 401(k) plan at their job? Encourage them to join. Putting away 10 percent of your pre-tax salary is a good financial goal. Does your employer offer a company match? Even better, you’ll take that free money for your retirement in a heartbeat.
14. Plan With Life Insurance
No one wants to think about a loved one dying or their own death. But it is going to happen to each of us. And getting life insurance helps to provide for our loved ones after we die. So choose a life insurance policy that would take care of your loved one’s needs in your absence. This is especially true if you are planning to have children or if you already have a family.
15. Change Your Last Name
This is for the ladies who are changing their last names. Now is the time to do it. Are you ready for a new last name on your driver’s license and passport and Social Security card? You’ll need to change the name on your bank accounts and credit cards as well. It is a lot to do. But you’re married now, and now is the time to do it.
16. Reconsider Smart Phone Plans
Got separate smartphone plans? Now is the time to merge them together and save money. Choose the company that you like best, join together and count the savings.
17. Make Sense of Electronics
How many laptops and tablets do you have between the two of you? What kind of Internet plan do you have? Is it enough for all your devices? Do you need a bigger plan now that you are using all these different laptops and tablets? Or are you looking to be less plugged in, not more? Shop around for the best plan for the devices that you will be using as a couple.
18. Plan For a Little One
Are you planning on starting a family? Start saving money now. Little ones are expensive. Put aside a little bit of money each week and you’ll have a nice bit of money saved.
19. Make More Space
Make space for your husband or wife. We all have stuff that we no longer need or use. Going through and donating that stuff will open up space in your home for new things you can buy together as husband and wife.
20. Save Money for a House
Are you already outgrowing your cosy little apartment? Work together to save money for a down payment for a house. It will take time so stick to your savings goals and make it work.
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