Deciding on a money-management strategy that's right for you and your future spouse is essential. Understanding each other's financial history and setting goals together creates a strong foundation for what's ahead. Take these actions to make sure you're on the same page about your financial priorities.
Have a frank and honest discussion about both of your financial situations, including past and present debts, spending habits and current savings. In addition to an initial conversation, continue to be transparent with one another about your finances.
After you've identified where you both are financially, set goals for where you want to be in the future. Do you want to buy a home? What about saving for retirement or going back to school? Create a budget for yourselves to
meet those goals while you work toward paying off any immediate,
As you discuss history and goals, consider if you'll maintain any joint accounts or if you'll keep your money separate. There isn't a one-size-fits-all solution. Only you and your spouse can make the call on your account-management arrangements. Whatever you choose to do, know that you can change the arrangement at any time as life changes dictate.
A change in your marital status can affect your taxes. Take time to familiarize yourself with these tax tips for newlyweds so you know what to expect.
Now that you're married, bring your bride or groom into the Navy Federal Credit Union family! Share the gift of membership with your spouse
Your family and household members are eligible to join the credit union with you as their sponsor. To apply, they'll need to reference the following:
If you want to add your spouse as a joint owner on your existing
Navy Federal accounts, you'll need to fill out a Change of Information/Add Joint Owner form.
To complete the application, you'll both need your:
Completed forms can be submitted online via Account Access, at a branch location, or by mail or fax.