Settling Newlyweds into Happily Ever After
Tips for Newlyweds on Managing Money and Completing the Name Change
KANSAS CITY, Mo. (Business Wire EON/PRWEB ) May 27, 2008 --
From flowers to guest lists, engaged couples spend months planning the
perfect wedding. After the vows are said, most newlyweds are ready to
relax. But there are several steps newlyweds must take before their
happily ever after can begin.
“Settling into life as a married couple takes
some work,” said Lindsey Leesmann, a recent
newlywed and contributor to YesYouCanOnline.info.
“If you’re taking
your husband’s last name, you must complete
the name change in several places. You also have to discuss managing
money as a couple and learn how to live together.”
Leesmann offers a check list for newlyweds changing their last name:
Obtain a copy of your marriage license. If you stated you’d
change your last name when purchasing your marriage license, you’ll
receive a copy of the license in the mail. Take the license to each
location on your path toward a new last name.
Go online. Acquire a new Social Security card and updated
passport. Complete Form SS-5 and take it to the local Social Security
office to obtain a new card. The form can be found on the Social
Security Administration’s Web site. Your
passport can be changed by completing Form DS-5504, found at www.travel.state.gov.
Drive to the DMV. The next stop for newlyweds is the Department
of Motor Vehicles. Each state is different, so bring all the items
required to get your named changed and renew your license.
Check in at your bank. Most banks simply need a copy of the
marriage license and the account holder’s
signature to approve a name change. Some may also require your spouse to
be present.
Drop by the post office. To change your name, just pick up a
change of address envelope, fill it out and mail it back.
Once the name change is complete, newlyweds can focus on managing money
as a couple.
“Money is often a tricky topic for new
couples,” said Sam Goller, award-winning
author of Yes,
You Can… Achieve Financial Harmony. “But
it’s important to start communicating about
money at the beginning of your marriage.”
Goller offers the following suggestions for newlyweds working to manage
their finances as a couple:
Determine priorities. Prior to formulating a financial plan, talk
about your money histories and what’s most
important to each of you when it comes to money.
Find missing dollars. You have to understand your spending habits
before you can spend money in a way that helps meet your goals. Consider
keeping a spending journal to find out where money really goes.
Choose a system that works for you. You may prefer to sit down
each month as a couple to pay bills and develop a budget. Or maybe one
of you is better at handling expenses and prefers to do it alone. Find a
system that works with your needs.
“The key to managing money as a couple is to
never stop talking,” said Goller. “With
a values-based approach to money and continued conversations, newlyweds
have the power to improve their financial position both now and well
into retirement.”
About YesYouCanOnline.info
YesYouCanOnline.info is an online community providing people with the
resources needed to improve their financial position and enjoy a better
life. The content-rich site provides helpful information and actionable
tips for improving
your financial position, thinking
positively, having
fun as a family and living
a healthy life.
Keyword Tags:
managing money, name change, newlyweds
See the original story at: http://eon.businesswire.com/releases/money/change/prweb973654.htm
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