DEFENDER
  • Decorating
  • Home Improvement
  • Innovations
  • Inspired Living
  • Products & Services

Dec 22 / Posted by Home Expressions

No Comments

3 Financial Tips for Newlyweds

House miniature and a key

In a recent report from the Philippine Statistics Authority (PSA), findings showed that in the past decade, there was a 20.1 percent decrease in the number of people getting married. Regardless of the shift, if you recently tied the knot, here are three financial tips for newlyweds you might want to adapt.

1. Make a “get out of debt” plan

Weddings in the Philippines can go from simple to lavish very fast. The wedding industry is very lucrative here, and if couples are not careful, they can go bankrupt together before they even exchange ‘I do’s.’ It’s always better to start your married life with zero debt so you might want to stick to your wedding budget as much as you can. But if you can’t, just make sure that you have a ‘get out of debt fast’ plan. If you have leftover debt from your single life—like credit card debt—you should settle it before you make new investments as a married individual.

2. Set goals for your investments

There are many types of investments you can get. One of them is real estate investment. While many couples choose to test the waters first through renting before they buy a property, it is never too early or too late to check out affordable houses for sale in Lancaster, Cavite and check your options. If you plan to start a family soon, you should create a mortgage plan as early as you can so you can reach your goals of becoming a homeowner soon!

3. Get life insurance.

Life insurance, accident insurance, and other types of insurance are just some of the things many Filipinos don’t want to address until they need to. This is quite disappointing because getting a life insurance at a young age could mean a more aggressive investment for you, compared to getting one when you’re in your late 30s or early 40s. Protect what matters most and insure your life and your family’s.

4. Getting Money Smart

You know what they say—two heads are better than one. So if you’re newly married, consider some of these financial tips so you can get a good start for your financial health as a married couple.

Share With

Tags: Investment,Married,Properties

Categories: Inspired Living

Recent Posts

  • Kitchen interiorBeating Cabin Fever: Avoid Going Crazy with These Home Upgrades
    June 24, 2020
  • House with landscaped gardenOutdoor Living Space Design: Creating the Yard of Your Dreams
    June 19, 2020
  • Friends having coffeePreparing for the Changes in Your Business Space
    June 15, 2020
  • Kitchen interiorHousehold Appliances that Can Be Health and Safety Risks
    June 2, 2020
  • fixing concrete floorSolutions to Four Concrete Floor Problems
    May 23, 2020

What are you looking for?

Video of the Week

Message Us

Learn More

  • About Us
  • Contact Us
  • Privacy Policy

Recent Posts

  • Beating Cabin Fever: Avoid Going Crazy with These Home Upgrades
  • Outdoor Living Space Design: Creating the Yard of Your Dreams
  • Preparing for the Changes in Your Business Space
  • Household Appliances that Can Be Health and Safety Risks
  • Solutions to Four Concrete Floor Problems

Newsletter Subscription

   

Home Expressions creates a sustainable future through building preservation, green architecture, and smart design.

COPYRIGHT 2017 | Home Expressionsdesigned by TeslaThemes, Supported by WPmatic