Pay Off Debts: Sometimes it is possible that you have outstanding bills to settle with some vendors who offered services at your wedding. Make it your priority to pay off any outstanding debts. It is not a wise thing to start a family in debt. Off setting your debts helps you start off your new family on a clean financial slate.
Furnishing Your House: If you have not already furnished your house, it is wiser to start with the essentials (cooking gas, refrigerator, TV and sofa). If you earn a regular monthly income, you can approach vendors of these items for an instalment payment agreement to purchase some of these items. Most stores will agree to this because they want patronage.
Have A Budget: You must form the habit of having a monthly family budget to cater for your monthly needs. Include your rent in your monthly budget. Do not wait until your yearly rent is due before saving towards it. This will put under undue financial pressure. Also include in your budget a percentage for charity (no matter how small). When you give to those in need, nature has a way of reciprocating when you are in need.
Have A Savings Culture: If you have not already imbibed a savings culture, now is the time to do so. As a couple, save towards major long-term projects like purchasing a plot of land to build your own house. When you build your first house, build to accommodate tenants too so you can earn rental income which you can use for other investments like buying and developing another property.
Do Not Borrow To Buy Liabilities: If you have to borrow, then borrow only when you have to buy an asset that will further generate income. Do not borrow to buy a car, phone or clothes. Those are not assets. While a car is good for convenience in mobility and every family deserves to have one, it still requires maintenance and maintenance will cost money.