Spreading your wings

Getting married is a very exciting event because not only is it a personal commitment but it is also a time to think about merging finances and assessing joint goals.

The major financial issue will be paying for the wedding and the honeymoon! First of all it is important to jointly work on coming up with a realistic budget, and decide on how to pay for it. You could set up sub account(s) (Smart Link Account-i) from your Smart Account-i in order for you to earn a potentially higher profit rate on your savings, or you could finance things through Anytime Money Personal Financing - i or by having the bank extending you a Home Smart-i facility.

Now that you are entering a new phase of life together with your love one, you should discuss some common financial goals, your common assets and your common debts, and decide how both of you intend to manage your finances moving forward – Personal Internet Banking and Telebanking could be useful as you can easily check your balances and make transfers. As well as the opportunity to open joint accounts. With many things to buy for the wedding, you might find an MPower credit card-i useful for smaller expenses particularly when you would be able to get Cash Backon retail purchases. To ease your financial worries on the credit cards, our Takaful Cards Protector can be a form of protection coverage from any unexpected situations.

If you would like guidance on the various ways in which your joint finances can be handled, come and visit one of our Financial Guides.

For added assurance, we have a range of Takaful products for your protection needs.

1) HSBC LifeSelect Regular, an affordable regular contribution investment-linked plan that is tailored to your protection and investment needs.
2) Takaful PA Shield, protecting you and your family should the unexpected happen.
3) HSBC LifeStyle Protector Plan or HSBC LifeStyle Protector Plus Plan - an affordable protection plan that helps you cope with life’s uncertainties.

This gives you the peace of mind that you, your spouse and loved ones are looked after in any unforeseen circumstances.

Useful tips

You might find a wedding planner good value because they will take all the stress out of organising what should be the most exciting day of your lives! You could also surf the internet for potential venues and wedding service suppliers which often get booked up many months in advance