Love, Honor and Financially Protect

Allstate Offers Newlyweds Ideas for Saving & Planning

Growing old together means planning, preparing, and saving together. The vow you take to cherish one another includes ensuring the financial security and well-being of your newly formed family.

“Savings is the base of your personal financial pyramid. It’s the foundation of your family’s well-being, and it’s the starting point to building wealth. Starting a sound savings program isn’t difficult, but it takes some thinking and, just like a marriage, commitment,” said Allstate Regional Financial Services Leader Mike Wargo. “Whether a couple has just said their wedding vows or they are contemplating their financial future, Allstate has insurance and financial products available to ensure wedded bliss.”

According to a survey by the Association of Bridal Consultants, more than 67% of newlyweds believe the most serious conflict in their first year of marriage is over money. This makes the job of an Allstate Personal Financial Representative that much more important. With the variety of savings and insurance vehicles available today, Allstate’s financial professionals play an important role in helping newlyweds consider how they can build a foundation as they marry their financial lives together.

“Allstate Personal Financial Representatives work with customers to help them understand the benefits of keeping a happy marriage on the right financial track,” said Mr. Wargo. “Banking services, life insurance, disability policies, and college savings plans are the types of products available to help prepare and protect you and your family. It is our responsibility to cultivate a deeper awareness of the products available and the protection benefits they provide.”

With springtime wedding season quickly approaching, Allstate is offering the following five financial foundation tips to ensure your fairytale wedding comes true:

• Build the money you’ll want on hand for immediate and short-term needs – This money could be for a specific upcoming expense like a honeymoon or an education for your future children — anything you expect to pay for in the near future.
• Set aside enough savings to serve as an emergency fund – This takes the role of basic financial protection in the event of a medical emergency, household catastrophe, job loss or other unforeseen expense. Financial professionals generally suggest saving the equivalent of three to six months of your household expenses as a rule of thumb.
• Make a list of specific savings goals – This is important because you’ll be able to match your goals to dollar amounts and track your progress toward meeting them. Your list might include the down payment on a home, four years of college tuition, a new car or simply a vacation.
• Prepare a household budget – By preparing a budget you can examine the money that comes in and the money that goes out. You’ll likely spot places where trimming your expenses can help you put money aside on a weekly or monthly basis.
• Devise a savings strategy that maximizes your return – Check my latest blog post to know what bank accounts can offer the best interest rate, and make the most appropriate choices for your savings. If you are thinking about investing in bitcoin, then you’ll need to stay updated on bitcoin news now.

“Allstate has customer relationships that span decades,” Wargo said. “During a major life event, such as walking down the aisle, it is important that you feel comfortable with the person who is helping you to address your financial needs. We welcome all couples planning their futures together to consider the financial protection and savings options that can be offered by their Allstate agent or Personal Financial Representative.”

For More information and a new quote please call Shirley Eizember, Pinckney Insurance Agency, 41 Port Watson St, Cortland New York. 607-756-8505

The Allstate Corporation (NYSE: ALL) is the nation’s largest publicly held personal lines insurer known for its “You’re In Good Hands With Allstate®” slogan. Now celebrating its 80th anniversary as an insurer, Allstate is reinventing protection and retirement to help nearly 16 million households insure what they have today and better prepare for tomorrow. Consumers access Allstate insurance products (auto, home, life and retirement) and services through Allstate agencies, independent agencies, and Allstate exclusive financial representatives in the U.S. and Canada, as well as via www.allstate.com and 1-800 Allstate®.

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