Financial stability is the greatest gift you can give your family. And it should begin from the time you get married. You should make sure that your or the death of your spouse does not ruin the family’s finances. The way out is to have a plan that takes care of everything. Funeral expenses, life insurance and the expenses of your children’s education; it should cover everything. Fortunately, a few simple tips done at the right time will protect you from unexpected Financial emergencies. Here are some of them.

1. Do an honest analysis

Couples generally have good incomes when they get married. But their expenses go beyond their control and spoil their future prospects.  Have an idea of your financial status. Armed with this insight, you should regulate your spending. Evaluate your expenses until they match with your income. Do it regularly to avoid unpleasant surprises.

2. Prepare a contract

Have a prenuptial contract. It should clearly outline every aspect of your financial obligations. The best way is to have an honest conversation. Decide what will happen to wills and power of attorneys. Determine who will run the family in the instance of you falling sick.

3. Have a mutual understanding with regard to financial goals

Spend some time together and prepare Financial Goals for both of you. Otherwise, your arguments on money would never end. Both should have a clear understanding of the financial goals of each other.

4. Give yourself enough time before buying anything

Give yourself enough time before buying something expensive. Remember, emotional buying drains your budget fast. This is why home buyers ask brokers to bid for them. When planning to buy a new car, spend at least one night pondering upon the matter. Have an honest discussion of your finances and take a wise decision.

5. Insure yourself and your loved ones

Life is full of surprises; pleasant and unpleasant. Being ill-prepared for unpleasant surprises will throw your finances off balance. Protect your family with insurance coverage for long hospital stays, disability or other financial emergencies. Know the type of insurance available. Take the types of coverage you need after an open discussion.

6. Plan your shopping well in advance

Plan and organize your grocery shopping. Surveys show that people tend to spend less when they are organized.

Have a list of the items you need. You can also try shopping in the first one or two days of a week. Stores will be less crowded and goods are sure to be less expensive.

If possible, avoid children when going shopping. And don’t forget that written guide. It should contain a list of coupons available and the maximum you plan to spend.

7. Make good use of “use and reward programs”

Great many companies offer use and reward programs. But millions of us are unaware of them. Sign up for as many such programs as possible. And don’t forget to keep a watch on your points. A bit of patience will add hundreds of dollars to your savings. They can come in any form; money, gift voucher or a huge discount.

There are many other things you can do to financially protect your family. But this guide will definitely serve as a yardstick.