5 financial tips for newlyweds

Money matters can be sensitive but the best thing you can do as a married couple is to be honest and open.


Start off by talking about money management and coming up with a plan for budgeting, expenditure and investment. Forming good financial habits as newlyweds allow you to work as a team through many obstacles in years to come.

Here are 5 tips that we hope might be useful to get you started. 

1.  Disclose everything

We’re not talking about how many distant cousins here but rather, your financial statuses. Sit down together and go through all your assets, outstanding debts and credit reports. The key here is to be honest to avoid giving the other party an unpleasant surprise down the road. 

2.  Protect each other

Insurance plays a very important part in your family’s financial security. No one likes to talk about serious illness or death when they just got married, but it’s essential to make sure both of you are properly insured. If something unexpected should happen to one party, the other spouse may suddenly find themselves in serious debt over mounting medical bills, or under tremendous pressure to provide for the entire household – including both sets of parents as well as any children – alone. Make an appointment with a professional financial adviser that you trust, and start building a financial safety net for each other. 

3.  Build a liquid emergency fund

It’s also recommended to have a liquid emergency fund of around 3-6 months of your household income. This can come in handy for unforeseen circumstances such as unexpected home repairs or sudden loss of job . Unfortunate things happen in life but when you’re prepared, it will be much easier to handle these situations instead of crumbling under the pressure. 

4.  Discuss your short-term goals and create a budget

To motivate each other to save for your future, talk about short-term goals like a yearly vacation or an extravagant dinner every anniversary. It’s important to work together to figure out what you can realistically afford and to ensure you’re working towards the same goals. Create a budget to limit your expenditure so you don’t go into debt. 

5.  Get aligned on your long-term goals

As a couple, you should also be aligned on your long-term goals such as how you plan to fund your children’s tertiary education, or your retirement aspirations. Retirement can be an expensive affair, considering we’re talking about 20 years or so of expenses, with no income! While it may seem very far away to young newlyweds, starting early – even if it’s just a small amount every month – means your money will have time to grow.

Let the professional review your finances as a couple

Leave us your details and we'll be in touch.

Thank you for your submission. 

Please enable javascript on your internet browser in order to use this form

By clicking "Start planning with us", you consent to Aviva and Aviva related companies contacting you to provide you with information concerning Aviva and Aviva related companies' products and services. You also consent to Aviva using, disclosing or transferring your personal data in this form to Aviva related companies, third party providers or intermediaries, whether located in Singapore or elsewhere, for the above purposes and for research, audit, regulatory and compliance purposes.

For details of Aviva's Data Protection Policy, please refer to https://www.aviva.com.sg/en/pdpa/. To withdraw your consent at any time, please call Aviva at +65 6827 7988.

Want the best insurance content, packaged and delivered to your Inbox at no charge?

Subscribe to Money Banter to receive useful tips and guides on insurance and offers on products and services.

Thank you for your submission. 

Please enable javascript on your internet browser in order to use this form

By clicking “Submit”, you consent to Aviva and Aviva related companies contacting you to provide you with information concerning Aviva and Aviva related companies’ products and services and special offers which may be of interest to you. For details of Aviva’s Data Protection Policy, please refer to https://www.aviva.com.sg/en/pdpa/. To withdraw your consent at any time, please call Aviva at +65 6827 7988. 

Important Information

Money Banter (the "Portal") is for general information only and does not take into account the specific investment objectives, financial situation, health condition and needs of any particular person. The contents of this Portal are intended merely for educational purposes and should not be construed as the giving of advice or the making of a recommendation. Nothing contained in this Portal shall constitute a distribution, an offer to sell or the solicitation of an offer to buy. We recommend that you discuss any specific matters with your financial adviser representative or legal adviser before making any decision. You are responsible for your own medical care, treatment and oversight, and any health-related content on this Portal, including, text, treatments, dosages, outcomes, charts, profiles, graphics, images, messages and forum postings are strictly information to promote general understanding of certain health topics only, do not constitute the providing of medical advice, and should not be relied upon as a substitute for professional medical advice, diagnosis or treatment. Always seek advice from a physician or other qualified health care provider regarding your medical condition or treatment and before undertaking a new health care regimen. This Portal may include information sourced from third parties and links to third party websites. We are not responsible for the accuracy or completeness of, and do not recommend or endorse such information or third party websites nor recommend or endorse any specific tests, physicians, products, procedures, opinions or other information. While we have taken reasonable care to ensure that the information on this Portal has been obtained from reliable sources and is correct at time of publishing, information may become outdated and opinions may change. Except to the extent prohibited by any law, we are not liable for any loss (including direct, indirect and consequential loss, loss of profits, loss or corruption of data or economic loss of any kind) that may result from the access or use of or reliance on the information on this Portal.  | Terms of Use | Privacy Policy

Protected up to specified limits by SDIC. This advertisement has not been reviewed by the Monetary Authority of Singapore.