Prepare Finances to Get Married?

The decision to get married is one of life’s most monumental milestones. Starting out as a couple requires quite a bit of planning. Making arrangements for your wedding can the first step in planning your future.  

Whether you’re having a banquet-sized extravaganza or an intimate ceremony, managing the wedding and honeymoon expenses is likely to be your first taste of monetary oneness. Set a total budget amount and divide it categorically according to each expected expense. You may want to consider a low interest credit card in both of your names, or a separate joint checking account to use specifically for wedding expenses. Remember, stay organized and keep the lines of communication open. It is amazing how quickly a wedding budget can be blown if you don’t pay close attention to every penny being spent.

Now, while the “big day” draws near, remember there are long-term plans to be attended to as well. If you are planning on changing your name after you marry, visit your local branch to see that all the proper changes are made on your accounts. You may also want to make adjustments to your living will and your insurance policies—life, home, auto, etc.

Regions’ online calculators are valuable tools that can be used in planning your future. The following questions can all easily be answered with a few clicks of the mouse:

You can also find helpful information on sites like Equifax, an online source to obtain and review your credit report, and IRS.gov to find out how your change in marital status will effect your taxes.

We understand lifestyle changes come with every milestone in life, and we want to be there every step of the way.