Two significant changes you may experience while stationed overseas are getting married, and starting or growing your family.
Getting married is a joyous event, however, combining finances and discussing financial goals can leave you with some questions. Get started on the right foot by clarifying your specific roles and tasks with your spouse to be. Understanding expectations and shared responsibilities can help you stay financially "happily ever after".
Here are some tips to get you started:
Are you thinking about starting or expanding your family? With careful planning and watchful spending, you can welcome your little one without the added stress of growing debt.
Find out more about the financial implications of getting married as a Service member and how to begin this financial journey together.
There are many things to consider when joining your finances. Follow these next steps to apply what we've discussed.
Around 2-3 months after you set-up new joint accounts and a written budget:
Review the following resources about financial considerations and steps to take as you plan for starting or growing your family.
Financial preparation for starting or growing your family takes a lot of thought and planning. Now that you've read about the many financial considerations, it's time to apply all you've learned.
3 months after you've implemented your plan, you need to review your goals:
Consistently saving money and budgeting your spending will help ensure you have the necessary savings plan in place when your new addition joins the family.