re: Finances for Newly Wed

If you “pay yourself first”, you will be fine.

Maximize your retirement accounts.
Pay off the debt as quickly as you can because interest never takes a holiday.

As long as you are spending less than you make after saving for retirement, I would not sweat shoes or clubs. At the end of the day, you are working for your future self so make sure you put lots away for retirement. Also, after kids she may cut back her work schedule to spend more time with the kids. Live on one income. It makes it easier when the kids come.

As far as saving for college, if you still have money after maximizing retirement, it’s a great idea. You will eventually not be able to work. Your kids may get scholarships,join the military, etc.