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, high-interest debts.
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.
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.
Our financial advisors work on-site in more than 150 branches and are available by phone nationwide. Call or visit a branch to speak to an advisor near you today.
Personal Finance Counseling
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.
Make the Most of Your Membership
Share MembershipNow 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.Learn Moreabout Share Membership
Add a Joint OwnerIf 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.Learn Moreabout Add a Joint Owner