Marriage marks the beginning of a beautiful journey — emotionally and financially. As newlyweds, aligning your financial goals and building a strong money foundation can ensure a stress-free future. At Vizzve Finance, we help couples start smart with practical tools, advice, and loan solutions tailored to their shared dreams.
Why Financial Planning is Crucial for Newlyweds
Combines two financial lives
Helps avoid future disagreements
Sets clear short- and long-term goals
Enables smarter saving, spending, and borrowing decisions
Step-by-Step Financial Planning Guide for Newlyweds
1. Discuss Your Money Mindset
Be open about:
Debts, credit card dues, or existing loans
Savings and investment habits
Monthly income and spending behavior
Tip: Use Vizzve’s Financial Personality Quiz to understand each other’s money styles.
2. Create a Joint Budget
Track all expenses — rent, groceries, travel, subscriptions — and create a monthly budget. Use budgeting apps or spreadsheets to ensure you're both on the same page.
Vizzve Tip: Allocate funds for emergencies, fun, and future goals.
3. Set Short-Term and Long-Term Goals
Short-Term: Honeymoon, furniture, paying off credit cards
Long-Term: Buying a home, planning for children, retirement corpus
Let Vizzve Finance guide you with suitable personal loans, education loans, or home financing options to meet these goals.
4. Build an Emergency Fund
Aim to save at least 3–6 months’ worth of living expenses. Keep it in a high-interest savings account or liquid fund for easy access.
5. Understand Each Other’s Debt
Be transparent about:
Existing personal loans
Education loans
Credit card EMIs
Use Vizzve’s Loan Comparison Tool to refinance or consolidate for better rates.
6. Choose the Right Insurance Plans
Health insurance (individual and family plans)
Term life insurance
Vehicle and asset protection
Secure your future with the right coverage — Vizzve offers guidance on smart insurance picks.
7. Plan Investments Together
Options include:
SIPs and mutual funds
PPFs and FDs
Real estate
Gold and digital gold
Stock market investments
Make investment decisions aligned with your risk appetite and financial goals.
8. Combine or Keep Separate Bank Accounts?
Decide if you’ll:
Have a joint account for shared expenses
Maintain individual accounts
Use a hybrid approach (best of both)
There’s no right answer — only what suits you both.
9. Plan for Taxes and Filing
Married couples can optimize taxes:
Share investments for 80C benefits
Joint home loans provide double tax benefits
Consult a financial advisor or CA for returns
10. Regularly Review and Adjust Your Plan
Set a monthly or quarterly “money date” to:
Review expenses and savings
Track goal progress
Make adjustments as life evolves
How Vizzve Finance Supports Newlyweds
At Vizzve, we’re committed to being your financial partner from Day 1. We offer:
Instant personal loans for weddings, travel, or home setup
Loan comparison tools with transparent EMIs
Education loans for upskilling or family planning
Budgeting and goal-setting resources tailored for couples
Start your financial journey strong — the Vizzve way.
FAQs
Q1. Should newlyweds merge their finances immediately?
It depends on the couple’s comfort. Some prefer joint accounts, while others retain financial independence with transparency.
Q2. How much should we save monthly as a newlywed couple?
Ideally, aim to save at least 20–30% of your combined income. Adjust based on debts and lifestyle.
Q3. Can newlyweds apply for a joint loan with Vizzve?
Yes! Vizzve supports joint personal loans for higher eligibility and better terms.
Q4. What’s a good first financial goal for newlyweds?
Start with building an emergency fund and repaying high-interest debts before planning larger investments.
published on 2nd july
Publisher : SMITA
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