Before the big day, sit down with your partner and talk finances. Some of these to-dos have a time limit—sometimes as short as two weeks after your wedding! Don’t miss out on money-saving adjustments by waiting too long after the big day.
Insurance policies often have limits as to when you can make changes—typically 30 days, but sometimes as little as two weeks. Make sure you go over your options beforehand, so you know what changes to make. Some great questions to ask include:
- Is it less expensive for one partner to move onto the other’s health insurance?
- Are there any children that now need health coverage?
- Which insurance plan has better coverage, or which saves money for other goals?
- Does one insurance plan have better parental leave coverage, in the event you wish to add children to your family?
While you will probably be combining things like homeowner’s or renter’s insurance naturally, another issue to consider is auto insurance. Will it save you money to combine policies? Many places offer multi-car discounts.