Good Financial Reads: Just Engaged!

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Following along with the blogs of financial advisors is a great way to access valuable, educational information about finance — and it doesn’t cost you a thing! Our financial planners love to share their knowledge and help everyone regardless of age or assets.
If you like what you read or are interested in the advisors below, be sure to click on their name to learn about them and their niches, or their firm name to visit the company website!

Catch up on some of the latest posts with this week's roundup:

 

Financial Planning Checklist For Newlyweds

by Jiyao Xu, X and Y Advisors

This checklist will give you a good start of upgrading your individual financial plan to a joint one. 

Marriage is a very important stage in one’s life. Getting married means that you tied an emotional as well as a financial knot with your partner. Most of the surveys and academic studies illustrate that “money issue” or “financial disagreement” is one of the leading cause of divorce. To get a good preparation and enjoy your married life, I hope that this list could be helpful.

[Read the Full Article]

 

Here's How Much I'm Spending on a Wedding — And Why

by Eric Roberge, Beyond Your Hammock

As someone who works with professionals in their 20s, 30s, and 40s, the topic of weddings comes up relatively often in client meetings (and even in casual conversation, as friends and acquaintances want my take on the financial side of wedding planning).

While I’ve helped many people set up savings goals and responsibly spend on their own ceremonies, I’ve yet to plan and pay for my own wedding. But that will change soon. My fiancee, Kali, and I plan to get married in June of 2018. We also plan to pay for the wedding ourselves.

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How Much Should I Spend on an Engagement Ring?

by Heather Swick, XYPN Archives

Deciding to propose is a huge step -- and so is buying an engagement ring! No one needs a ring to propose. But if that is part of your plan, you need to consider the practical aspects of your decision.

Yes, that means understanding the finances and deciding how much you should spend on an engagement ring. Use these 5 guidelines to help you (and your budget!) feel comfortable with whatever you choose.

[Read the Full Article]

 

Yes, You're Soulmates. But Do You Need a Prenup?

by Meg Bartelt, Flow Financial Planning

When you hear “prenup,” what do you think of? If you’re like me, it’s a vision an old rich white guy trying to take advantage of a less powerful, younger wife. Or possibly the idea that you’re planning for your marriage to fail. But it turns out, I’ve been rather narrow in my thinking about prenups.

And as more women work in the tech industry, and earn more money, and are increasingly the primary breadwinner,  is it time for women in tech to start thinking more seriously about prenups before they get married?

Thinking of a prenup, I’ll admit, used to make me squeamish. But inspired by a client of mine who’s getting married, I reached out to Andrea Vacca, a collaborative divorce lawyer in New York City, to understand them better.

[Read the Full Article]

Recommended Reads to Improve Your Financial Literacy Recommended Reads to Improve Your Financial Literacy
How to Become Rich: The Actions (and 3 Unexpected Habits) to Get There How to Become Rich: The Actions (and 3 Unexpected Habits) to Get There
Good Financial Reads: All About Investing Good Financial Reads: All About Investing
The Value of Trust The Value of Trust
Good Financial Reads: Employee Benefits (Part 2) Good Financial Reads: Employee Benefits (Part 2)

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