Archive · 24 Jul 2025
Expert Shares 5 Financial Steps for Newlyweds
When people get married, it's important to talk about money!
A financial expert recommends five steps to help newlyweds.
First, track your income and what you spend money on together.
Then, save up enough money to cover six months of expenses for emergencies.
Get health insurance.
Start saving for big goals like a house.
Finally, make sure the right people are listed on your accounts in case something happens.
Doing these things helps couples work together and avoid money problems in the future.
Couples should track income, expenses, and personal spending together.
Establishing an emergency fund equivalent to six months' expenses is advised.
Purchasing health insurance for both partners is recommended, even with employer plans.
Starting Systematic Investment Plans (SIPs) early for long-term goals is beneficial.
Updating nominations on financial accounts and legal documents is important.
- Who
- Financial expert Siddhant Garg advises couples
- What
- Financial steps for newlyweds
- When
- Immediately after marriage
- Where
- N/A
- Why
- To build long-term financial security and avoid stress
- Expert
- Siddhant Garg
- Emergency Fund Goal
- 6 months of expenses
- Health Insurance Example
- Rs 15 lakh policy costs Rs 15,000–Rs 20,000 annually for a couple
- SIP Example
- Rs 5,000/month in an equity fund can grow to Rs 11–12 lakh in a decade