Just got married? Congratulations! Now that the honeymoon is over, it’s time to think about how you’ll manage your finances as a new couple. But getting on the same financial page isn’t always easy, especially considering most newlyweds don’t stop to think about money amidst all the other exciting changes taking place. Here’s the good news: setting up for financial success with your partner doesn’t need to be stressful, confusing, or frustrating when you’re part of the Newlywed Money Bootcamp. This comprehensive course is made for couples who want to gain clarity on their financial situation and work together as a team to achieve financial success. And you don’t need to newly married to benefit! This course is for any couple that wants to change the conversation around money in their relationship in a positive way. Need further proof? Here are 10 reasons why the Newlywed Money Bootcamp is for you if:
1. You Struggle to Align Your Financial Philosophies Is one of you a spender, while the other is a saver? If your other half has different spending habits than you do, then this course will help align your money management habits. You’ll learn how to bust bad spending habits and how to spend meaningfully in a way that reflects your values. Say goodbye to little disagreements over money and hello to a stress-free spending plan.
2. You Need Help Establishing Joint Financial Goals Are both of you on the same page about what you hope to accomplish with your money? Does one of you want to save for a house, while the other wants to pay off debt? In this course, you’ll learn how to set S.M.A.R.T. goals together. When you’re both focused on the same goals and working together, you’ll get to where you want to be quicker.
3. Creating a Household Budget is Difficult Have you and your spouse created a joint budget together? It can be difficult to agree on a household budget your first time around. The Newlywed Money Bootcamp will walk you through on how to create one that fits with your lifestyle so you don’t feel deprived.
4. You’re Not Sure Who Should Handle the Finances You’ll need to establish who will be the primary financial executive in your house – or at least get specific on who will handle certain tasks. Which one of you will manage your portfolio, track your spending, or calculate your net worth? Understanding your responsibilities and different roles will help you work together towards your biggest financial needs and goals.
5. You Need to Create a Debt Payoff Plan If either of you have debt, you need to decide on how to pay it off. This can be somewhat tricky if only one of you had debt prior to marriage. Some couples choose to pay off their own debts separately, while others choose to take on debt as a team. The course will help you create a plan that works for you so you can tackle debt once and for all.
6. You’re Confused on Where to Start with Taxes, Benefits, and Insurance You both need to make sure that you have the appropriate coverage now that you’re married. Navigating the ins and outs of taxes, benefits, insurance plans, and more can be extremely confusing and frustrating for couples. With this bootcamp, you’ll learn how to determine the right amount of life insurance for your new family, how to create an estate plan, and how to deal with taxes now that your legal status has changed.
7. You Need Help Talking About Money Communication is critical to success. You and your spouse need to be able to talk about your financial situation, but many couples find it hard to develop that habit if money was a previously taboo subject. If you need help broaching the topic, this course will give you tips on how to have monthly money dates where you touch base on how your finances are doing.
8. You’re Trying to Decide Whether or Not to Merge Accounts Do you know if you want to merge finances with your spouse? This isn’t a decision you should take lightly, and there’s no reason to rush it. By going through the Newlywed Money Bootcamp together, you’ll come out with a better understanding of what you want your financial future to look like – and that will make this decision easier.
9. You Don’t Know Where to Start with Investing In this course, you’ll get my best advice for newlyweds on how to invest your money in a way that will work for you. Investing can be overwhelming and scary to think about, but it’s an important part of your financial plan if you hope to grow wealth for retirement. We’ll cover different ways you can invest while keeping your goals for the future in mind.
10. You Want Your Money to be a Source of Empowerment, Not Stress You might have heard that money is the number one reason for divorce. That’s sad to think about, especially when financial issues can be resolved ahead of time. Going through this course with your spouse will enlighten you and save you years of stressing out about managing your finances together. The earlier you start, the stronger your foundation for trust and teamwork will be. Getting on the right track with your finances as soon as possible is critical. Your relationship and your money will thank you for it later. After working through the Newlywed Money Bootcamp, you’ll have a better understanding of both your spouse and your financial situation together.