SOURCE: NEXT Financial Group, Inc.

October 08, 2012 06:00 ET

NEXT Representatives: Financial Advice Crucial for Young People, Newlyweds

A Recent Fox News Report Offers Financial Advice for Newlyweds -- Prompting the Attention of NEXT Financial Group

HOUSTON, TX--(Marketwire - Oct 8, 2012) - Getting married is an exciting time in any young person's life, and it typically comes with a flurry of activity. Young people, on the cusp of marriage, are often occupied by wedding planning, honeymoon planning and other such activities -- but the most important planning of all may be planning for the couple's future life together. Even so, a recent Fox News report suggests that many young married couples are lacking in a clear financial plan, or even in basic financial discipline. The report has won the attention of NEXT Financial Group, an independent broker-dealer based in the Houston area.

According to the Fox Report, many young people -- whether married or single -- have bad financial habits, including the overuse of credit cards, inadequate savings, no clear plan for retirement and no "emergency fund." Many of these bad habits are carried over into a marriage, particularly when neither partner is used to regular, disciplined financial planning. This can, in turn, wreak havoc on new marriages; as Fox affirms, many marital difficulties are rooted in attitudes about money.

These findings have won the attention of NEXT Financial Group. The broker-dealer has independent representatives across the country, zealous for offering sound financial advice to clients from all walks of life. While NEXT's focus is on serving the needs of their representatives, many of its representatives focus on assisting young people, including newlyweds. NEXT has responded to the Fox report with a new statement to the press, affirming the importance of financial planning -- particularly to those who are young adults.

"Today's young people are in a more dire need of guided financial advice than ever before, and many of our Representatives have started offering their expertise, helping these young people increase their potential for future financial success," says Barry Knight, president of NEXT Financial Group. "One of the best ways for young couples to help improve their chances for a happy marriage is to see a financial professional who can alleviate some of the worry associated with combining finances and preparing for a prosperous future life, as one."

The Fox report offers a few tips for new couples, eager to ward off potential financial woes. The primary tip offered is for couples to simply speak openly with one another about their finances. Though some are uncomfortable talking candidly about money, Fox notes that candor on the topic of family finances is an important step toward curbing potential marital troubles.

The article also suggests that parents, looking for a truly helpful wedding gift, might gift young people with some sessions with a financial planner, helping set them down the right path for financial success.

ABOUT:

NEXT Financial Group Inc. Member FINRA/ SIPC is a broker-dealer based in Houston, Texas, serving the needs of financial services representatives throughout the country. The company prides itself in helping business owners enjoy success and financial independence. The company was founded in 1999, and is currently led by President Barry Knight. More information about the company can be found online at www.nextfinancial.com. NEXT Financial Group Inc. is located at 2500 Wilcrest Drive, Houston, TX 77042. For more information, call 888-876-6398.