Marriage is what a lot of people world over would like to get into. But it has also been discovered that one of the easiest killers of marriage is financial issues. In fact, statistics has it that four out of five divorce cases is traceable to finance as the primary causative issue.
- I want to ask “what are the financial considerations and issues one has to settle before he or she enters marriage to avoid being wrecked by financial issues in marriage”?
Often financial issues are the biggest problem in a marriage, in my country financial issues are the number one cause of divorce from year to year. Because finance is the main scourge, it would be nice if you did some suggestions/tips before getting married as follows: 1. Talk before being legally bRead more
Often financial issues are the biggest problem in a marriage, in my country financial issues are the number one cause of divorce from year to year. Because finance is the main scourge, it would be nice if you did some suggestions/tips before getting married as follows:
See less1. Talk before being legally bound by marriage
Talk about your lifestyle and your partner, are you a wasteful person who likes to shop? How about your partner?
2. Openly discuss each other’s income, savings and investments owned by each partner.
3. Debt, do you have debt what about your future partner.
4. Financial responsibility after marriage, because you are already a partner, you should combine financial management, or become joint property. In general, the wife is responsible for managing finances.
Before you get married, you need to be financially stable, if you are not financially stable your marriage will not work. That's because your expenses heavily increase after you get married, and you might also have kids, therefore, in order to pay your bills you need a substantial amount of income aRead more
Before you get married, you need to be financially stable, if you are not financially stable your marriage will not work. That’s because your expenses heavily increase after you get married, and you might also have kids, therefore, in order to pay your bills you need a substantial amount of income and savings. If you are not financially stable your relationship will not work as the financial matter is one of the primary reasons for the fight in the family.
See lessFor God's sake, the first thing you have to do is to make sure both parties have a stable and gainful source of income before they think of committing to marriage. The second thing is that they should talk about money. Talk about finances. Start making budgetary allocations on how they are going toRead more
For God’s sake, the first thing you have to do is to make sure both parties have a stable and gainful source of income before they think of committing to marriage. The second thing is that they should talk about money. Talk about finances. Start making budgetary allocations on how they are going to run their finances.
Another thing is that they need to make plans on everything that would financially commit them in the marriage. Plan when you are going to have kids, plan the kind of house you both would be staying and even plan the kind of food you guys would be eating at your financial level.
See less