Building a household is one of the dreams of every couple, but there are things to keep in mind for every new couple, such as well financial planning. Good financial planning is essential if you want a prosperous future. Here are some financial planning tips you can apply for your new family:

1. Determine Financial Priorities

As a new family, the first thing you need to discuss with your partner is the financial goals you want to achieve together. By having financial goals, it will be easier to determine the priority scale in your financial planning. For example, you might want to prioritize housing, vehicles, childbirth, children's education, and so on.

2. Discuss Financial Planning Patterns

The next thing you need to discuss with your partner is what pattern of income and expenditure arrangements will work for both of you. If you and your partner both work, then detail all the basic expenses and divide the sum according to mutual agreement. For example, the husband is responsible for mortgage, insurance, and savings, while the wife is responsible for daily needs, electricity, and water.

 3. Investment and Emergency Fund

To achieve your financial goals together, start allocating at least 10% of your income for investment and emergency fund. While investment aims to achieve your financial goals in the future, saving for emergency fund aims to create a safety net to cover for unpredictable events, such as disaster, illness, job loss, and others, so that emergency needs will not interfere with other financial posts for the household.

4. Having the Right Life Insurance

Furthermore, to provide a sense of security and protection for you and your family, you need to start considering having the right insurance for your family. By having insurance, you can transfer the possible risk of loss that arises in the future to the insurance company so that you don't have to sacrifice the savings you have set aside for the future.

One of the insurance products that you can consider is Premier Maxima Protection which can provide life protection for you and your family up to the age of 99, as well as the opportunity to invest. Those are some easy and basic tips for your new family. Start doing financial planning as early as possible so that your newfound family will be happy and prosperous.