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Best Foot Foward: What Newlyweds Need to Know

Being a newlywed couple can be both thrilling and challenging. You have a lifelong partner for support and to build memories with, but you also have to learn to compromise and communicate about important stages in your newlywed journey. Because we’re fans of planning ahead, the following topics, including chores, personal finances and term life insurance policies, are ones newlyweds should consider in their first year of marriage and will help with making positive steps toward planning a future together.

Being a newlywed couple can be both thrilling and challenging. You have a lifelong partner for support and to build memories with, but you also have to learn to compromise and communicate about important stages in your newlywed journey. Because we’re fans of planning ahead, the following topics, including chores, personal finances and term life insurance policies, are ones newlyweds should consider in their first year of marriage and will help with making positive steps toward planning a future together.

Finding Enjoyment in Everyday Errands

Figuring out whose turn it is to wash the dishes after dinner or who will walk the dog when it’s raining are just a few of the chores we’re happy to pawn off on someone else. To make life easier, consider making a list of tasks to “own” or ones each of you don’t mind doing. This way, you eliminate the need to discuss who did it last time. For the chores you don’t love, discuss being mindful of taking turns doing them and make sure to leave a nice thank you note here or there to show your appreciation. Doing chores as a team also helps, like walking the dog together or one person washing dishes and the other drying them. The main thing to remember is that marriage means shifting priorities, both big and small, from “me” to “we”.

Understanding When is Best to File for Joint Accounts

Getting married means more than sharing a last name, it also means having the ability to file for joint accounts. While discussing finances can build anxiety in some couples, think of it as peeling off layers of an onion – a steady and deep reveal of your partner’s financial history (not because it’s a tear-jerking process!) With many layers to peel through – from your bank statements, to any debts and saving for the future – deciding on which accounts and expenses to share is the first step and one that shouldn’t be put off for later. Setting realistic goals is the next one. Throughout the entire process, honest communication will be key.

Remember, the Future is Bright!

When you’re young, one of the most common questions adults ask is “what do you want to be when you grow up?” Once you’re married, the next most common question becomes “when are you going to have kids?” In making the transition from me-to-we thinking, planning ahead for your (growing) family becomes a common practice and one that you want to have an agreed upon response to.

As a married couple, it’s important to dedicate time to talk about your future together – whether it’s short-term goals like where to spend Christmas this year or long-term goals like saving for retirement or buying joint life insurance policies. Having these conversations helps to strengthen your relationship and assures married couples that they are on the same page in terms of planning future goals.

Married life beyond the honeymoon is the first leg of an exciting journey together. It’s all about saying “I do” to open and honest communication about your life goals as a couple and proactively planning for your future together.

Tweet us your tips for maintaining newlywed bliss: @HavenLifeInsure

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About Brittney Burgett

Brittney Burgett is the marketing and communications director at Haven Life, a customer-centric life insurance agency backed and wholly owned by MassMutual. She joined the startup more than five years ago as one of the first ten employees and oversees external communications, content, SEO and various other growth marketing initiatives. Brittney is a passionate leader who believes that managing your financial life doesn't need to be intimidating or complicated and brings that philosophy to all the editorial and brand work at Haven Life. Prior to her role at Haven Life, Brittney worked in public relations, her client list included brands in the tech, food and nutrition spaces.

Read more by Brittney Burgett

Our editorial policy

Haven Life is a customer-centric life insurance agency that’s backed and wholly owned by Massachusetts Mutual Life Insurance Company (MassMutual). We believe navigating decisions about life insurance, your personal finances and overall wellness can be refreshingly simple.

Our editorial policy

Haven Life is a customer centric life insurance agency that’s backed and wholly owned by Massachusetts Mutual Life Insurance Company (MassMutual). We believe navigating decisions about life insurance, your personal finances and overall wellness can be refreshingly simple.

Our content is created for educational purposes only. Haven Life does not endorse the companies, products, services or strategies discussed here, but we hope they can make your life a little less hard if they are a fit for your situation.

Haven Life is not authorized to give tax, legal or investment advice. This material is not intended to provide, and should not be relied on for tax, legal, or investment advice. Individuals are encouraged to seed advice from their own tax or legal counsel.

Our disclosures

Haven Term is a Term Life Insurance Policy (DTC and ICC17DTC in certain states, including NC) issued by Massachusetts Mutual Life Insurance Company (MassMutual), Springfield, MA 01111-0001 and offered exclusively through Haven Life Insurance Agency, LLC. In NY, Haven Term is DTC-NY 1017. In CA, Haven Term is DTC-CA 042017. Haven Term Simplified is a Simplified Issue Term Life Insurance Policy (ICC19PCM-SI 0819 in certain states, including NC) issued by the C.M. Life Insurance Company, Enfield, CT 06082. Policy and rider form numbers and features may vary by state and may not be available in all states. Our Agency license number in California is OK71922 and in Arkansas 100139527.

MassMutual is rated by A.M. Best Company as A++ (Superior; Top category of 15). The rating is as of Aril 1, 2020 and is subject to change. MassMutual has received different ratings from other rating agencies.

Haven Life Plus (Plus) is the marketing name for the Plus rider, which is included as part of the Haven Term policy and offers access to additional services and benefits at no cost or at a discount. The rider is not available in every state and is subject to change at any time. Neither Haven Life nor MassMutual are responsible for the provision of the benefits and services made accessible under the Plus Rider, which are provided by third party vendors (partners). For more information about Haven Life Plus, please visit: https://havenlife.com/plus.html

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