Happy Thanksgiving!

I’m writing from home, and since I can’t upload pictures, I’m continuing our “Marrying Your Finances” and wedding budget tip series with Judi Rosenthal of Ameriprise Financial, here is tip #3:

Prepare for the Unexpected: No one likes to think about the later part of “for better or worse” but unfortunately, tragedies do occur. Make sure your spouse is protected, no matter what happens. Meet with an attorney to draft a basic will, or make sure your current one still reflects your wishes. Review and update the beneficiary information for your retirement accounts and insurance policies, and ensure you’re covered at appropriate levels. This is also a good time to discuss positive life events that could change your financial situation, like purchasing a new home or starting a family. A little preparation will help put your mind at ease, and allow you to focus on enjoying your time together.

Wedding Budget Tip: Wedding insurance is becoming more and more common. You’ll see ads on wed-sites and in bridal magazines and it may be something you want to consider. Wedding insurance will protect you in case a vendor goes out of business or you need to cancel or reschedule your wedding, but you need to read the fine print of your policy to make sure everything you want covered is. Some “acts of g-d” or weather disasters may not be covered.