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      Building a financial future after taking the plunge

      "There are times when it makes a lot of sense, buying a home makes a whole lot of sense to have debt, but learning to defer purchases that aren't absolutely positively essential," said Braddock .
      COLUMBIA (WACH) -- Taking the leap into marriage can be a fun and exciting time, but when making that commitment it's important to consider your financial future as a couple.


      Financial expert Frank Braddock with JHS Capital Advisors stresses the importance of reducing debt.


      He says it's important to get rid of student loans and other obligations quickly.


      "There are times when it makes a lot of sense, buying a home makes a whole lot of sense to have debt, but learning to defer purchases that aren't absolutely positively essential," said Braddock .


      Braddock says it's important for couples to have a serious talk about money.


      He says you should discuss what you've done in the past and have a plan that shows your goals and how you will get there, but most importantly always have a rainy day fund.


      "If something happens and it's unexpected you lose your job, there's a illness in the family, you want to make sure you have something to fall back on without having to tap into credit and credit cards," adds Braddock.


      Kevin Skipper, with Discipline Financial Management, says looking at each other's credit is key.


      "Determine who has the better money skills and are you going to co-mingle your money," said Skipper.


      If one person has debt, it's better to keep separate accounts so you keep one high credit score.


      He also stresses the importance of being prepared early for your first child.


      "Years before the first child comes, if both spouses are working, determine wither you can live off one income," adds Skipper.


      Here are some tips our experts have for new and expecting parents....


      - Start a 529 plan, which allows you to set aside money that will grow while your child is growing up.


      When used for higher education it's tax free.

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