Post-Marriage Financial Decisions

Post-Marriage Financial Decisions and planning for retirement

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When John and I got married I have to honestly say that we did not talk a lot about our post-marriage financial decisions or what our future finances looked like. We knew how much each of us made and for the most part how much we owed. We were both on each others check books and thought we had talked about what we needed to financially. After being married for 4 years I can honestly say that we did not have the conversations we needed to have when we first got married.

I really wish we would have sat down and made a financial map of what we earned and what we owed. We should have made a game plan for paying off debt and how to best maximize our income. John and I are now focused on saving for retirement and making sure we are maximizing our income.

I have been doing a lot of research on the best ways to save for retirement and prepare for the future. Genworth Financial shared this great article on Five Tips to Make Your Retirement Cheaper that I found really interesting. John and I are working on creating a budget and sticking to it this year. We have written out our finances and set the goal of paying off our car early. We are really focused on getting healthier and losing weight. We are trying to prevent having to take a ton of medications and have tons of doctors appointments that deplete our finances.We have financial meetings together twice a month to discuss our financial goals and make sure we are on the right path. I feel so much better about the steps we are taking now towards retirement.

Information for this post is sourced from Genworth Financial in partnership with the SheHeard Influencer Network.

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Comments

Kasandria Reasoner says:

February 17, 2013 at 2:31 pm

I’ve been hearing lots of talking about this. I need to research it more. THANKS!
Kas
Kasandria Reasoner recently posted..#DisneyOzEvent TEASER My Wreck It Ralph Motion Capture Demo

mel says:

February 17, 2013 at 3:08 pm

We love Genworth Insurance They have some great options!

Mariah says:

February 17, 2013 at 5:28 pm

I really need to sit down with my husband and look at the big picture. We’ve done it in a few other areas but not this one.
Mariah recently posted..Time for Mom Care Basket with NIVEA #NIVEAmoments

- Tammilee says:
  
  February 18, 2013 at 10:49 am
  
  We sit down twice a month and have financial meetings. We started doing it a few months ago and it has been so helpful. I feel like we are both on the same page and know exactly where our money is going. There is no question now about what our goals are and what we are doing to achieve them.
  
Ashley says:

February 17, 2013 at 6:13 pm

Thanks for the info! I have a retirement fund but I’ve been researching a little more lately to make sure I”m taking advantage of all my options. It’s a lot of info to take in.. but worth it in the end.
Ashley recently posted..Treat Your #Pet with Spoiled Rotten by Pet Flow! ~ #Review

- Tammilee says:
  
  February 18, 2013 at 10:50 am
  
  It is so much to take in. I have been slowly but surely learning more and more about what to do with my retirement account. I have this fear that I will look up at 55 and wish that I had done more in my 30′s to work on it.

Post-Marriage Financial Decisions and planning for retirement

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