Getting married is a great time to start planning for the financial future you both want.
The start of a new chapter is a great opportunity to set new financial goals, and decide how you want to use your money to build the life you want.
Whether you’re hoping to buy a house, start a family, or travel the world every year, the key is planning, saving and understanding your budget.I want to know how much we could save
If in doubt, talk it out
Managing your finances isn’t really about money: it’s about the freedom and flexibility to lead the life you want. The peace of mind that no matter what life throws at you, you’ll always have a safety net.
Don’t let fear of talking about money stand in the way: it’s important to be upfront about your spending habits, and how you want to move ahead as a couple.
If you don’t want to broach the subject alone, consider setting up a meeting with a financial adviser who can help.
An adviser can help you talk about your goals and put you on the right path to get there.I want to see a financial adviser
Now is a great time to…
Get personal and study debt out of the way
Between tertiary education and your first credit card, early adult life can hit us all with a financial hangover. Now you have two salaries to budget with, it can be a good idea to target your high-interest debts first and pay it all off as quickly as possible.Set a new budget
Reset your priorities
A new stage of life always introduces new expenses. Whether you’re dreaming of a house, car or new furniture now is the time to work out what’s important to you as a couple. You both work hard, and should enjoy spending your money on the things that matter.Set your savings goal
Sort out your paperwork
Nobody loves ‘life admin’, but it’s important to keep us in the loop when things change. New house? New surname? These are factors that can sometimes lead to losing your super. Update your address details online, or call us for more information on how to submit a formal name change.View and download forms
Make your spouse a beneficiary
You said until death do us part, but your partner will still need money to live on when you’re gone. Leaving your super and benefits to your spouse can give you peace of mind that they’ll be looked after into the future.Nominate your spouse
Top up your insurance
The right insurance cover is an important part of delivering on the ‘in sickness and health’ part. If you get in touch within 90 days of your wedding date, you may qualify for additional cover under our life events scheme. It’s quicker and easier than the usual process of applying for insurance.Increase your cover
What you need to know
A fee will be payable for broader or more complex advice. This includes advice that takes your personal circumstances into account, or that looks at your financial situation outside of super.
Financial planning advice is provided by First State Super Financial Services Pty Ltd ABN 37 096 452 318, AFSL 240019.