I really like Kiplinger’s personal finance. Its mostly pretty solid advice from people who know what they are talking about. So, for today’s posting here is a quick three minute video with four finance tips for newlyweds. While the tips are designed for people who are newly a couple – they can apply to anyone in a committed relationship who wants to better integrate their finances.
Since not all of our readers have access to video, the tips are summarized below:
1. Live on one salary and save the other. Don’t assume your earnings will be consistent. After all, you never know what could happen. One partner might want to go back to school or one of you might get laid off. If you have enough savings to replace your lost salary, you have a lot more options.
2. Max out on retirement savings. Nobody but you will cover your retirement. Make your savings goal at least 10% of your combined gross incomes.
3. Don’t succumb to lifestyle inflation. Instead of spending more money on consumer electronics or eating out, focus on budgeting your incomes to pay down debt and build your savings.
4. Get some insurance. You’ll need protection against catastrophic health/medical bills or long term disability. Life insurance can come later.
Dual Income, No Kids launched in the spring of 2006 and is now part of District Media, LLC. With over 10 million visitors and syndication on Google News, District Media delivers high-quality personal finance news and advice. Our 58 blogs inform, empower, educate and entertain the public -- free of charge, with all operating expenses financed by advertising. 
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We need to work on these points. We used to live on my husband’s salary and save mine. But now that we are both self-employed in the same business, we save a minimum of 10% and a max of around 40% per month.