Sharing in a Secure Financial Future

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. 

  1. Step 1

    Communicate

    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.

  2. Step 2

    Set Goals

    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, high-interest debts.

  3. Step 3

    Determine Logistics

    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.

  4. Step 4

    Understand Tax Implications

    A change in your marital status can affect your taxes. Take time to familiarize yourself with these IRS tax tips for newlyweds so you know what to expect.

Financial Planning

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It's important to keep sight of your financial goals. Let us help with our free confidential personal finance counseling. It's available to all members at any time.

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Make the Most of Your Membership

  • Share Membership

    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 and in-laws.
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  • Add a Joint Owner

    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.
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