Financial Planning Tips: Marriage and Parenthood
Getting married and having children are as much financial milestones as emotional ones.
Marriage. A few questions you should consider before (and shortly after) the wedding:
- Do you need a prenuptial agreement?
- What are your mutual and individual financial goals?
- How do you budget as a team?
- Should you and your spouse mingle your funds in whole or in part?
- Do you need two health plans? What is more affordable and applicable to your needs?
Parenthood. An average family in 2000 spent about $165,000 to raise a child to age 18. Those numbers DO NOT include college. It is critical that you protect your family’s financial security by making sure funds are available to care for them in normal times and in times of disaster. Also, be sure to have a will detailing how your children should be cared for – and by whom – in the event of your death. While finances may not be at the top of your mind during these exciting life events, they should certainly be part of the conversation to ensure proper planning for your future.
Financial Tips for Home Ownership
Financial Tips for Your Child's College Education
Financial Tips as You Begin Your Career
Financial Tips for Life
Financial Tips for Saving Money
Financial Tips for Mergers and Acquisitions
Copper Leaf Financials’ team of CPAs and experienced financial planners have worked with clients for more than 15 years to help them achieve their short and long-term financial objectives – mindful of the need to adjust strategies as life circumstances evolve.