The big day is over and you’re finally newlyweds. First off, we would like to congratulate you on tying the knot.
You’ve gone on your romantic honeymoon, relaxed, but it’s back to reality and routine. It’s now time to make some decisions, but we aren’t talking about what colour the napkins should be or what cake flavour you should have.
Living with a spouse is one of the biggest adjustments you will have to make.
Financial decisions and daily responsibilities need to be made. When making these decisions, it is important not to put them off to avoid all the stress that may come later.
To help you out, we have are giving you the inside scoop of what to expect and give you a few tips that will help make everything a little bit easier.
Moving in together
Choosing a place to move in together can be a long process or you can be lucky and find a place that’s fitting for both of you quickly. Either way, mortgages will have to be paid. First decide if you want to rent for a few years and try to save some money. You may just want to jump into being a homeowner right away.
Before you start looking at houses, make sure to know what you are approved for. This will help you know exactly what types and price ranges of houses to be looking at.
Tip #1: If you are buying a home, you will need at least a 5 per cent of purchase price down payment and to avoid CMHC financing, you need 20 per cent down.
Changing your name
Now that you are married, if you took your husbands name, that means you need to change anything that has your maiden name on it. Think about changing your passport, driver’s license, credit cards, and health cards. This will take a little bit of time, but know that the sooner you get it done, the more official everything becomes.
Tip #2: Remember, you can’t change anything officially until you have your marriage license.
Choosing health coverage
It’s time to choose the right health insurance plan. The insurance should provide the right coverage in any situation.
One company in the states provides the right plan. Oscar Health Insurance in New York and New Jersey is a great choice that makes it easy to find the care you need. They specialize in providing a plan fit for you after a huge change has been made, just like getting married.
Oscar Health Insurance uses technology and design to make health care simple. All you
need to do is use their app to search your symptoms and you are able to locate a doctor. You can even track your visits, prescriptions, and lab work.
And of course, right here in Manitoba, Manitoba Blue Cross is one of the most popular private health insurance companies along with Great-West Life and CAA.
Tip #3: Download the free Misfit Flash Fitness tracker and sync up your Oscar app to earn up to $240 per year from just being active.
Having the money talk
Hopefully you’ve had the money talk already, but if you haven’t make sure to have it and make a trip down to the bank. Choosing how to look after your finances could be a tough discussion. You can choose to have individual accounts or joint accounts, but there really is no right choice to make. It really is just personal preference. If you have a mortgage, then you will need at least one joint account for payments to come out of.
Tip #4: Establish a budget to determine how the bills will be paid such as utilities, insurance, car insurance, mortgage, house taxes etc. This will help you stay on track.
Choosing who will do each chore
It’s now time to figure out who hates doing which chores and hopefully the other doesn’t mind doing it. Discuss who will walk the dog, do the laundry, take out the garbage and even make meals. If you truly hate doing a certain chore, discuss it with your spouse early and find a resolution before you get stuck doing something you hate.
Work with each other’s schedules. Each day may be different, so it’s important to remember when you are doing what.
Tip #5: Making a chart or putting your chores into your smartphone will help keep you on track. It takes about 21 days for something to become a habit.
Marriage will come with a lot of adjustments, but it’s important to take it day by day. You both are experiencing a lot of change and everyone reacts to change differently. But most importantly, enjoy each other’s company and the new life you both are creating.
Congratulations on your marriage from Events by Emma and Oscar Health Insurance.
PHOTOS by: Carey Shaw Photography
Post Written by: Katherine Hardy, EBE INTERN