Phone: 800-288-2229

For Mobile Banking App:


Budget Tips for Newlyweds

These budget tips can help newly-married couples overcome the initial struggles related to their finances.

These budget tips can help newly-married couples overcome the initial struggles related to their finances.


Earlier this summer, we offered tips to couples planning weddings to help them control costs and still make their wedding day special. But, after the ceremony and reception are over, and all the presents have been opened, it’s time to start your new lives together.

There is an adjustment period for every couple as they start their married lives together, and that includes handling finances now that you have each other’s expenses to consider. AbbyBank is here to help newlyweds by offering budget tips that can not only help you overcome initial struggles, but set you up for future success.

Build Up an Emergency Fund

Life is going to throw you curveballs. We’ve all had an unexpected expense come up suddenly, and it’s important to be prepared for those things. That’s why having an emergency fund is so important. Start saving for these expenses, and try to reach a goal that will allow you to be covered for six months worth of your regular monthly expenses.

Build a Budget

This may seem obvious, but you and your spouse need to sit down with each other and figure out a budget for each month. The best place to start is to list the expenses you know you have each month, including rent, student loan payments and car payments. Next, figure out how much money each of you brings home each month and use the difference to determine how much you have to spend on things like groceries and entertainment.

Preparing for the Future

Each couple is different, but if you are planning on starting a family and eventually owning your own home, there are some steps you’ll need to take. Saving is your best friend, as this allows you to be able to put a better down payment, which can help get you a better interest rate and the less you pay in the long run. Having a good credit score is also important. You can improve your credit score by paying your bills on time, pay off debt and making sure you don’t continuously open new credit accounts.

If you’re a newly-married couple looking to save for your future, AbbyBank offers savings accounts to help you. If you’re ready to purchase a home, we have a variety of options available to make sure you’re getting the loan that works best for you.

eBanking Login