Financial Planning For The Newly Married

You're just married and looking forward to some of the best years in your life. You and your spouse happily make a number of changes in your lifestyle; you begin to make decision together and plan for your future. The secret to making this exercise sustainable and stress - free is to undertake a robust financial planning exercise together too. Ideally, you have saved and invested during your 'fancy free' years and made some good money management decisions. However, now the tone and tempo of money management has to change quite drastically. Be it budgeting, saving, investing, spending or planning for future goals, your approach will have to undergo a sea - change. This book helps you to understand your current cash flow and investments profile, teaches you how to to create a new budget based on the change in your family structure, advises you on how to invest and manage existing debt, if any, guides you on various insurance products you will now need, assists you in tax planning exercise so that you minimize you outgo and lots more. It even introduces you to the importance and techniques of retirement planning. Irrespective of what you may have learnt from your role - models, parents and grandparents, colleagues and counselor and the numerous books that you may have read on the subject, this book convinces you that the true secret to a happy marriage is mastering the art of money management and financial planning.