[E7] 7-Step Money Plan for Newlyweds (Marriage and Money)

<p>QUESTION: “27, engaged, getting married in October, and seeking advice on how to get my finances moving in a positive direction. We just bought a house, both have salaries, and I just don’t know where to start with saving, investing, etc. Whether it be pay off credit card debt as fast as possible or chisel away at the debt while saving cash? Or how to pay off debt, while saving cash, and still investing all at the same time?</p><p>It’s all just daunting because of all of the different advice I get. I also happen to be professional procrastinator and wanting to turn it around. Thanks in advance for the advice.”</p><p><strong>7-Step Money Plan for Newlyweds</strong></p><p><i>Step 1: Figure out what the heck is going on.</i></p><p><i>Step 2: Save enough cash to cover 30 days of expenses</i></p><p><i>Step 3: Get current with credit cards.</i></p><p><i>Step 4: Speak to HR about employer match</i></p><p><i>Step 5: Develop a hands-off investing plan. (Optimum asset allocation.)</i></p><p><i>Step 6: Invest in yourself (The power of ‘skill stacking.’)</i></p><p><i>Step 7: Stay focused (Do this once a month.)</i></p><p>Visit <a href="https://www.moneymadegood.com/">MoneyMadeGood.com</a> and plug in your email address to receive our weekly “Health, Wealth, & Wisdom” content.</p><p>Links:</p><ul><li><a href="https://www.reddit.com/r/personalfinance/comments/l6y753/27_year_old_and_have_no_idea_how_to_get_a_grip_on/">Reddit Question</a></li><li><a href="https://www.investopedia.com/articles/personal-finance/112315/how-401k-matching-works.asp">Employer Match Information & Explanation</a></li></ul><p><a href="http://smnd.in/KK9Lr">Sound Mind Investing</a></p><p> (Full Transparency: SMI will give me a couple of free months if you sign up through my link. But it doesn’t cost you an extra dime!)</p>