Getting married
What all newly married couples should budget for
Congratulations on your wedding! Now, it’s time to plan your budget for a stable future. Here are essential considerations:
- Mortgage/rental payments
- Food, utilities, household expenses
- Entertainment
- Gas, car payments, transportation expenses
- Vacations, travel insurance
- Retirement planning, savings
- Health care expenses, health insurance premiums
- Life insurance, mortgage insurance, disability insurance
One bank account or two? Managing and merging your finances
When you decide to spend the rest of your lives together, it's important to discuss how you'll manage your finances. Different scenarios work for different couples; the key is finding what suits both of you best. Options include: one shared bank account with joint payment responsibility, separate accounts with equal expense splitting, or one account managed by a single person. It may take time to determine what works best for your lifestyle as a couple.
Many people overlook the costs that come with marriage, focusing too much on wedding planning and forgetting about their future together. With a health insurance plan from Blue Cross, safeguard your health and finances. Prioritize starting your life together and let go of worries about managing medical bills.