8 Essential Money Lessons You Must Learn Before Marriage part1
8 Essential Money Lessons You Must Learn Before Marriage part1
It is human nature to never be satisfied with what we have. If we have a secure life and income, we work harder to make our life even more comfortable; and if we are living a comfortable lifestyle, we begin to wish for classy luxuries that would set us apart from those around us. What’s more, for the married among us, we often feel that no amount of income is sufficient. Besides running a household, we must fulfill the many needs of family members – medical expenses, educational expenses, shopping, and the seemingly never-ending pile of bills to be paid. 8 Essential Money Lessons You Must Learn Before Marriage part1 8 Essential Money Lessons You Must Learn Before Marriage part1
Experts have said that money is the number one reason behind wrecked marriages, followed by raising Children and sex. They say that money cannot buy love, but in reality you do need money to buy a comfortable, stress-free married life. The best solution to avoiding financial problems lies in knowing when to spend and when not to spend.
8 Essential Money Lessons You Must Learn Before Marriage part1
Before getting hitched, look into some invaluable pieces of advice on how to save and spend money wisely to protect yourself from a thousand different calamities
8 Essential Money Lessons You Must Learn Before Marriage part1
1. Be honest when it comes to telling each other about assets
Your partner will be hurt and emotionally shattered if they discover that you possess assets that they have no idea about. To avoid money issues that such a situation may give rise to, you should be honest and tell everything about each one of your possessions to your future partner even before your marriage. After all, why must you hide such a thing from your soul mate with whom you have decided to spend each second of your future life with?
8 Essential Money Lessons You Must Learn Before Marriage part1
2. Don’t let unemployment, pink slips, or layoffs destroy your marriage
Such problems lead to severe financial crisis, which in turn can ruin your mental wellness, shattering your confidence and making a mess of your self-esteem. All these in turn will affect your marriage – you may take your frustration out on your partner, causing serious conflicts and quarrels. Before marriage, you have to talk amongst yourselves as to what your stand should be if either one of you faces such a situation, which can happen anytime to anybody. This way, you will be prepared for the worst.
8 Essential Money Lessons You Must Learn Before Marriage part1
3. Plan how you will finance raising your children
Before marriage, financial responsibilities do not seem to be too burdensome, but as the days pass and little bundles of joy get added to your family, catering to their every need and whim quickly adds up. Children are a great responsibility by themselves as you have to pay for their school bills, food, and clothing. Moreover, the cost of their sports, entertainment, and other recreational activities can run high. If you do not plan this ahead, this will give rise to some very serious money problems in your marriage. We suggest that you plan with your partner-to-be before you exchange your vows as to how you will be able to meet those expenses.
Another important thing that you should do in the long run is to give your kids important money lessons about how not to be extravagant and/or frivolous with money. You can also show them the different avenues and paths that will help them earn good money.
4. Discuss before making purchases of long lasting goods
Some items that make up your married life may last a lifetime, and couples tend to form an emotional attachment with these things. Hence you should take the advice and opinions of your future spouse before making such a purchase, be it a house or a car or even a condo. Mutual consent while making these purchases is important, because if your partner dislikes it, they will forever bear a grudge against it. Only buy long lasting things after the both of you have agreed on it.
www.newlovetimes.com
