When you are first married and starting a family you face perhaps the most daunting financial pressures you'll encounter at any stage of life. A new home and young children bring with them a crush of expenses, even though you probably are still early in your career and far from your peak earning potential. Meanwhile, you also need to begin saving for the future – college seems just around the corner for your kids, and it's never too early to start planning for your retirement. How can you address all of these obligations at once?
Life Events - Young Family
The key is to understand that you are at the beginning of a long-term building process. Financial security comes from a combination of insurance, savings and investments that are accumulated over time. Start small and cover all your bases. As you progress in your career, and your income grows, your financial security will grow as well.