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Engaged? Find Out How Farmers Insurance in Westlake Village Can Help with Your Financial To-Dos

  • April 6, 2017

When your partner has finally put a ring on it, don’t forget how Farmers Insurance in Westlake Village can help.

You’ve picked out the rings, possibly even the venue, and your Big Day is steadily approaching. While you may have made all of the important choices in your head, it’s important not to forget about an important element in marriage: finances. Talking about money may not be the most romantic topic, but it’s an important one.

So that you and your sweetie are on the same page, check out this financial to-do list!

Talk it Out

Tell each other where your key financial information is located. Discuss checking and savings accounts, mortgages, insurance, birth certificates, jewelry, and car information so that you both know exactly what to do in any unforeseen situation.

Assess Responsibilities

While your chemistry may be on fire as a couple, it’s important that your finances mesh well together, too. You can avoid unnecessary arguments and confusion down the road by determining if the bills will fall onto one person’s shoulders, or you’ll both bear the brunt by opening a joint checking account. There is no one correct way for every couple – the key to success is open communication.

Set up Savings

A financial rainy day is never in the forecast, so it’s important to always have some money stashed away in a savings account. Whether it’s for unexpected emergencies or for future goals, set up a savings account for the both of you.

Secure Life Insurance

If you have someone who depends on you financially, you need life insurance. You may have life insurance through your work, but note that it’s often not enough coverage. Getting an individual policy while you’re young and healthy helps to protect your finances, loved ones, and you get to enjoy lower premiums.

Before you walk down the aisle, talk to a professional on how to get your insurance policies together. Once you’re both insured, you can enjoy married life with the peace of mind that you’re protected! Visit the professionals at Falsken & Associates Insurance Agency to get started today!