Whether it’s building a partnership, purchasing a home, growing a family, or planning for retirement, life is filled with important milestones. Each stage of a person’s individual journey brings excitement and responsibility – and Navigant Credit Union is here to help you financially prepare for every step.
Here are few tips to start thinking about some of life’s most exciting moment.
Successful partnerships start with transparency and collaboration.
Marriage or long-term partnership often means aligning two financial lives. Early conversations about income, debt, credit history, spending habits and long-term priorities create clarity from the start.
Many couples open a joint checking account to manage shared expenses such as housing, groceries, and utilities. A joint savings account can help partners work toward common goals such as building an emergency fund, preparing for major purchases, or saving for a dream vacation. Some couples also maintain individual accounts for personal spending while contributing to shared household expenses.
Our suite of personal checking and savings accounts help growing families create a system that works for their needs and routines.
Home ownership is a long-term investment.
Purchasing a home is one of the most significant financial commitments many families make. Preparation includes saving for a down payment and closing costs, reviewing credit, and understanding how monthly payments fit within your broader budget.
Homeownership also brings ongoing expenses such as property taxes, insurance, maintenance, and repairs. Setting aside funds in a dedicated savings or money market account can help homeowners stay prepared for both routine costs and unexpected needs.
Prepare for shifting priorities.
Welcoming a child shifts financial priorities quickly. Childcare, healthcare, and longer-term expenses like future education costs all require planning.
Opening a savings account for a child creates an early foundation. Birthday gifts, holiday contributions, and regular deposits can grow steadily over time. Youth savings accounts also provide an opportunity to introduce children to budgeting and goal-setting as they grow.
Plus, when the child gets a bit older, a digital-focused option like our Embark Account can serve as a great introduction to a teenager’s financial literacy!
Adaptability is key.
Financial planning evolves with each milestone. Shared goals, steady saving habits, and access to trusted guidance help families navigate change with confidence.
At Navigant Credit Union, we support Rhode Island families with joint checking and savings accounts, home financing solutions, youth banking options, and personalized financial guidance, helping every stage of life feel more secure and prepared.
