Experts Urge Newlyweds to Save 6-12 Months, Invest 20-30% of Income

3 articles · Updated · Mint · May 21

Financial advisers said newly married couples should set up a joint money plan early, centering on full disclosure of income, debt, spending habits and long-term goals.
A practical household budget is the first tool they recommend, helping couples track expenses, manage EMIs, control lifestyle spending and avoid financial stress.
Experts also advise building an emergency fund equal to 6-12 months of combined expenses, kept in liquid savings or mutual funds, alongside adequate health insurance.
For wealth creation, couples should direct 20-30% of household income into long-term assets such as mutual funds, stocks or fixed deposits to capture compounding early.
They also recommend term insurance, updated nominees and regular plan reviews to keep finances aligned with inflation, home-buying plans, children and other life changes.

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