Getting married
Choosing to spend the rest of your life with someone is one of the most significant decisions you’ll ever make. And while it’s easy to get caught up in the excitement of planning a wedding and the honeymoon that follows, it’s important that you and your soon-to-be spouse take time to discuss your future and ensure that you’re on the same page financially.
Make sure they're protected
Getting married means you’re no longer only responsible for yourself. Now is the time to plan ahead to ensure that your spouse and children will be financially secure should something happen to you. Having sufficient life cover in place will protect your family financially and help them to continue living the life you planned for them. Remember that a life cover payout can be used to cover living expenses, home loan payments, education costs and more.
Start saving for your future together
Before you tie the knot, it’s important to start planning your financial future. Think about your goals, decide between a joint or separate bank account and work on putting a new budget together. Retirement may seem far off right now, but remember that it’s never too soon to start saving for your golden years. By investing a portion of your salary every month, and staying committed to your savings plan, you’ll be well positioned to grow your money over time so that you can look forward to a comfortable, worry-free retirement with a steady income.
Document your last wishes
No-one wants to think about the end of their life, but the future is uncertain and it’s important to plan for the financial wellbeing of your family while you still can. Creating a last will and testament will ensure that your last wishes are carried out and that everything you’re going to spend the next few decades working for is left to those who mean the most to you.
