Getting married? A must read....
- 1. Marriage & Money Setting Up Your Financial Household
Marriage & Money
2. What about the moneymoon?
- Its when the wedding is over and life together begins including
your financial life.
3. Marriage and Money checklist
- Create a few simple plans in the beginning of your
relationship.
- Create a household budget and stick to it!
- Pay down any debt accrued before you got married.
- Start saving for your future together.
- As a couple, create a total financial game plan.
4.
- Source: JeanChatzky.com, September 14, 2010
Create a budget you can both live with . 35% Housing 15%
Transportation 15% Debt 20% Other 10% Savings 5. Learn the debt dos
and donts.
- DO break your bad debt habits.
- DONT delay paying off credit cards completely.
- DO communicate honestly about your spending habits.
- Starting a new marriage with a huge debt load can be
burdensome.
6. DObreak your bad debt habits.
- Whats more of afinancial downer than debt?
Two peoples debt! Debt is the leading cause of family strife
during the first few years of marriage, FreeMoneyFinance.com,
viewed July 28, 2010 7. DONTdelay paying off credit cards
completely.
- The average American family carries $8,000 to $10,000 in credit
card debt. CNNMoney.com, April 16, 2009
8. DOcommunicate honestly about your spending habits.
- The recession has pinched consumers, putting additional
pressure on money talks. If you are having battles over financial
decisions with your spouse, then professionals suggest you start
the conversation about your bigger goals. CNN/Money.com, viewed
August 25, 2009
9. DONTabuse your credit.
- Impulse purchases can really hurt.
- Overall personal bankruptcy filings hit 1.41 million last year,
up 32% from 2008. WSJ.com, January 7, 2010
10. Stay informed about your debt situation.
- Primerica DebtWatchers is a product that can help you get a
handle on monitoring your debt and allows you to create a plan
towards eliminating it. Being in control and informed can pay off,
because a good credit score can determine a lot of things
today:
- whether or not you will be approved for credit
- what interest rate you will pay on loans
- the cost of your homeowners and car insurance
- utilities and cell phone company approval
- whether or not you will be approved to rent a house or
apartment
WithDebtWatchers , you can see updated informationabout your
credit file in one convenient online location,and see the date when
all of your debts could be paid off. 11. Primerica
DebtWatchersEmpowers you to achieve debt freedom
- Allows you to create a simple-to-understand plan for paying off
your debt.
- Automatically pre-fills information from your Equifax Credit
Report into your plan
- Your Fast Pay Plan will allow you to see how you can pay off
your debts using debt stacking
- Your personal plan is in front of you offers structure and
self-accountability
- When you follow the plan that you create, it works.
- Imagine being able to see the date when your debts could be
paid off!
12. Primerica DebtWatchersEmpowers you to achieve debt
freedom
- Plus More Great Features:
- Notifies you of key changes to your Equifax Credit Report
- Access to 4 Score Power Reports so you can see your FICO Score
and Equifax Credit Report online
- Interactive Score Simulator to show you how your actionsmay
impact your score
- Includes Identity Theft Insurance* *Identity theft insurance
underwritten by member companies of American International Group,
Inc. The description herein is a summary only. It does not include
all terms, conditions and exclusions of the policies described.
Please refer to the actual policies for complete details of
coverage and exclusions.
- Imagine how it would feel never to worry about debt again.
13. Save for a rainy day and more.
- Saving and investing is key.
- Emergencies:enough to cover 3 months of expenses
- Short-Term Goals:save up for big-ticket expenses
- Childs Education:starting early makes a difference
- Retirement:Social Security cant do it all
14. Saving for: emergencies
- 48% of Americans said last year they only had enough resources
to carry them for two months before experiencing any economic
hardship. CNN/Money.com, July 22, 2010
- Its essential to have cash on hand.
- Build an emergency savings fund equal to three to six months
worth of living expenses. CNN/Money.com, August 19, 2009
15. Saving for: short-term goals
- Its better to pay cash than get locked into high-interest
credit card debt.
16. Saving for: childs education
- Think about your childs education
- Tuition and fees at private 4-year schools rose 4.4% in the
current school year to $26,273, according to a survey released by
the College Board. Charges at public 4-year universities spiked
over 6% for both in-state and out-of state students, to $7,020 and
$18,548, respectively. CNN/Money.com, October 20, 2009
- The average debt for a graduate is now $23,000, thats up from
$13,000 12 years ago. CBS News, November 5, 2009
- Starting early makes a BIG difference.
17. Saving for: retirement
- Nearly three out of five middle-class retirees will likely run
out of money if they maintain their pre-retirement lifestyles and
dont reduce spending by at least 24%. BankRate.com, viewed July 28,
2010
- The 2009 average monthly Social Security benefit for retirees
was just $1,153. AARP.org, July 1, 2010
- Could you and your spouse live on that?
18. Plan for tomorrow today
- Discuss with your spouse a game plan if something unexpected
should happen.
19. Term Life Insurance
- A term life insurance policy protects your family if something
should happen.
- As a rule, most young people should have a term life policy
worth five to 10 times their annual income. Smart Money , July 17,
2010
20. A Will
- Talk about each others wishes if one of you should die.
- A will gives legally binding instructions for:
- The distribution of your property
- The care of your children if you pass away
Primerica does not offer will preparation services. Services are
offered through Primerica Legal Protection Services. 21. Get your
financial snapshot.
- Planning for the unexpected, saving for retirement, paying off
debt as you start your new life together, does all of this seem too
hard?
22. Get your financial snapshot.
- Primerica offers a complimentary Financial Needs Analysis.
- The FNA:Gives a detailed overview of your current financial
situation
- Personalized strategy for your financial security
23. New beginnings
- The FNA is only the beginning of your financial strategy.
- Primerica provides solutions that can help you get off to a
great start financially.
Where your financial future is concerned, are you ready to live
happily ever after? 24.
- Life insurance is underwritten by the following affiliated
companies in these respective jurisdictions: National Benefit Life
Insurance Company, Home Office: Long Island, NY, in New York;
Primerica Life Insurance Company, Home Office: Boston, MA, in all
other U.S. jurisdictions; Primerica Life Insurance Company of
Canada, in Canada. Securities offered by PFS Investments Inc. 3120
Breckinridge Blvd. Duluth, GA 30099, 770-381-1000.
- Primerica does not offer will preparation services. Such
services are offered through the Primerica Legal Protection
Program. The legal protection services offered through the PLPP are
a cooperative effort between Primerica and the Pre-Paid Legal
Services , Inc. Exclusions and limitations may apply. See plan for
information.
- Arizona:Loans solicited by Limited Partners in Primerica
Financial Services Home Mortgages Limited Partnership of Arizona
(Primerica Financial Services Home Mortgages, Inc., General
Partner). 3100 Breckinridge Blvd., Duluth, GA 30099.Mortgage Banker
License No. BK 15594).Loans originated by Citicorp Trust Bank,
fsb.California:Primerica Financial Services Home Mortgages, Inc.
Loans arranged pursuant to a Department of Corporations, California
Finance Lenders License.Colorado :Primerica Financial Services Home
Mortgages, Inc. (PFSHMI), License status: Exempt, 3100 Breckinridge
Blvd., Duluth, GA 30099, (770) 381-1000. Check the license status
of your mortgage loan originator at
http://www.dora.state.co.us/real-estate/index.htm.Connecticut:Primerica
Financial Services Home Mortgages, Inc., MORTGAGE BROKER ONLY, NOT
A MORTGAGE LENDER OR MORTGAGE CORRESPONDENT LENDER.Delaware:
Primerica Financial Services Home Mortgages, Inc., (PFSHMI): A
Delaware Licensed Mortgage Loan Broker. Florida:Licensed Florida
Mortgage Broker/Representing: Primerica Financial Services Home
Mortgages, Inc., Licensed Mortgage Brokerage Business.Georgia:
Primerica Financial Services Home Mortgages, Inc. (PFSHMI), 3100
Breckinridge Blvd., Duluth, GA 30099: A Georgia Residential
Mortgage Licensee, License #6078.Illinois:Primerica Financial
Services Home Mortgages, Inc. (PFSHMI), 3100 Breckinridge Blvd.,
Duluth, GA 30099:Illinois Residential Mortgage Licensee.Citicorp
Trust Bank, fsb, the lender, would provide the funds for these
loans.Citicorp Trust Bank, fsb, not PFSHMI, is the entity which
affects the availability of funds.Interest rates or charges for
loans are in no way recommended, approved, set or established by
the State of Illinois.Kansas:Kansas Licensed Mortgage
Company.Primerica Financial Services Home Mortgages, Inc.3100
Breckinridge Blvd., Duluth, GA30099.License No.
MC.0002382.Kentucky:Representing Primerica Financial Services Home
Mortgages, Inc., 3100 Breckinridge Blvd, Duluth, Georgia
30099.EQUAL HOUSING OPPORTUNITY .Maine: Primerica Financial
Services Home Mortgages, Inc., Loan Broker License
#CSO07173.Massachusetts:Primerica Financial Services Home
Mortgages, Inc., Massachusetts Mortgage Broker License Number MB
0056.Minnesota:Representing: Primerica Financial Services Home
Mortgages, Inc., Minnesota Residential Mortgage Originator.Missouri
: Primerica Financial Services Home Mortgages, Inc. (PFSHMI): A
Residential Mortgage Licensee.Montana:Primerica Financial Services
Home Mortgages, Inc., 3100 Breckinridge Blvd., Duluth, GA 30099,
license number 000381.Nebraska:Primerica Financial Services Home
Mortgages, Inc. (PFSHMI):Licensed as a Mortgage
Banker.Nevada:Primerica Financial Services Home Mortgages, Inc.,
9055 West Post Road, Las Vegas, NV 89148; 702-870-3200.New
Hampshire:Licensed by the New Hampshire Banking Department.New
Jersey: Primerica Financial Services Home Mortgages, Inc. (PFSHMI),
3100 Breckinridge Blvd., Duluth, GA 30099-0001, (770) 381-1000:
Licensee, New Jersey Licensed Lenders Act, Licensed Mortgage
Banker, Licensed by the New Jersey Department of Banking and
Insurance (Certain Locations). PFSHMI does not make any mortgage
loan commitments or fund any mortgage loans.PFSHMI arranges loans
with 3 rdparty providers. Citicorp Trust Bank, fsb, the lender,
would provide the funds for these FIRST OR SECONDARY MORTGAGE
LOANS.New York:Representing Primerica Financial Services Home
Mortgages, Inc. New York State Banking Department, 3 rdParty
Mortgages arranged, Registered Mortgage Broker.North Carolina:Loans
solicited by Representatives of Primerica Financial Services Home
Mortgages, Inc.Ohio :Primerica Financial Services Home Mortgages,
Inc., 3100 Breckinridge Blvd., Duluth, Georgia 30099-0001,License
Number:-----[COMPLETE WHEN LICENSED].Oregon : Primerica Financial
Services Home Mortgages, Inc. (PFSHMI), License Number:
ML-131.Pennsylvania:PFSHMI - Licensed by the Pennsylvania
Department of Banking as a Partially Exempt Mortgage Broker.Rhode
Island:PFSHMI: A Rhode Island loan broker licensee.Texas: Primerica
Financial Services Home Mortgages, Inc., Mortgage Company #71355,
3100 Breckinridge Blvd., Duluth, Georgia 30099-0001,
770-381-1000.Virginia: Primerica Financial Services Home Mortgages,
Inc., Licensed as a Mortgage Broker by the Virginia State
Corporation Commission, License #MC-368.Washington: Washington
Mortgage Broker Practices Act Licensee. This document is not
intended as an offer to extend credit nor a commitment to lend.The
loan interest rates, fees, and terms presented herein are for
illustrative purposes only and may not be currently available.This
document has been prepared to assist real estate professionals in
illustrating some of the financing options available to
consumers.
End Notes 25. End Notes
- Lender and Primerica Financial Services Home Mortgages, Inc.
are affiliated companies of Citigroup.Loans secured by residential
real estate.EQUAL HOUSING OPPORTUNITY.
- $.M.A.R.T. Loan is a registered trademark of Citicorp Trust
Bank, fsb.
- NMLS Unique Identifier for Primerica Financial Services Home
Mortgages, Inc. 3073
- NMLS Unique Identifier for Primerica Financial Services Home
Mortgages Limited Partnership of Arizona 151315
- Primerica, representatives of Primerica, Equifax and Primerica
DebtWatchers will not act as an intermediary between Primerica
DebtWatchers customers and their creditors and do not imply,
promise or guarantee that credit files or credit scores will or may
be improved, repaired, boosted, enhanced, corrected or increased by
use of the Primerica DebtWatchers product. See
http://my.primerica.com for additional Important Disclosures.
- Primerica DebtWatchers is a trademark of Primerica, Inc.
- Score Power is a registered trademark of Equifax Inc.
- Equifax Credit Report is a trademark of Equifax Inc.
- FICO is a registered trademark of Fair Isaac Corporation.
- 2005- 2010 Primerica/ 41165/9.10/v5.0/05PFS30-7