Sunday, 14 April 2013

Financial Planning for Married Couple

My friend Dr Shah has written a nice article.

It is as to how to draw a Financial Plan for newly wed couple.  Major points are  reproduced below.
1. Identify  Your Financial Goals

2. Plan and devise a Budget

3. Reduce Debt

4. Go for a ‘Contingency Savings Account’

5. Update Financial Documents with spouse's name included.

6. Insurance Planning

7. Plan your Investments

8. Plan for Retirement

9. Preparing for Parenthood

10. Decide on Record Keeping System

You can read the full article here.