Married, No Children Financially speaking, a dual income married couple is more than the sum of its parts. With only each other to look after, you have an obvious edge over singles and parents. One spouse can bring in a steady paycheck while the other studies for a college degree or launches a promising business. Or, if you both hold jobs, you can try to live on one paycheck and save or invest the other. Although you may have more investment opportunities, you may also face more complex choices.
Disaster often results from high-risk investments that crash.
If you want to reduce risk, an important watchword is diversification - i.e., don't rely too heavily on any one investment. Purchase life and disability income insurance to help protect both spouses' incomes in case anything happens to one of you. Build up your savings , but keep less money in low-yielding accounts. These programs offer excellent tax breaks. Married with Children Financial planning for parenthood is a bit like preparing for a long siege.