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| source picture: www.readersdigest.co.id |
Married has become the desire of many people in the world. But what about afterwards?If you are newly married, congratulations. But do not stare into the king and queen overnight, because the homework is difficult stretches after your marriage. One of the steps can go awry.
"Managing finances at the time bachelors and married very different," said Devino Rizki Arfan (www.devinorizki.com), an independent financial planner. "Because, after marrying many changes in the financial mindset to be done."
Devino highlighting various matters related to finance, ranging from shared bank accounts, setting financial goals, insurance, and much more. And since money is something quite emotional - and one of the main causes of divorce - the success of your marriage is also determined by your financial habits and couples get up from the beginning.
To build a good start, Devino divides the 10 steps:
1. Start Saving. You may have spent the entire savings for a wedding. Well now is the time to rebuild. For starters, collect at least as much as 6 months of monthly expenses as an emergency fund. Additionally begin your retirement planning also of workplace by investing money in a diversified portfolio in accordance with the family's financial goals.
2. Say goodbye to the separate accounts. When are married, the money is not yours or mine, but belongs to both. Make a checking account or savings for the financial goals together.
3. Update the beneficiary. Change all beneficiaries on insurance policies, pension plans, mutual funds, and other securities with the name of your spouse. It is actually not absolutely necessary, especially if you and your partner have a child yet. But sometimes very necessary, especially if you have no one else to trust.
4. Debt. If your partner is not yet know anything about your debt, it is better to talk about. Thus you can decide how you both will pay off the loan
5. Find out where your money runs out. You and your partner need to work together to track down family expenses. It is easier to evaluate and achieve financial goals when you understand carefully where only money is spent and how spending patterns.
6. Make an agreement on family expenditure. Like single, you both would have earned and spent money for years without consulting anyone. Unfortunately, those days will end after marriage. Can try to discuss with your spouse about your habit to approach and handle money. Does one person and one more frugal spender? Make it a rule to handle the differences, may set a monthly spending limit for each person or promises to save a certain amount each month to reach a common goal.
7. Prioritize purchases. Part of the marriage means jointly decide how to spend your money. Make a list of purchases that will come - school fees, house, car, furniture or a pet room - and prioritize them than other expenditures.
8. Consolidate your credit card. Avoid having more credit cards than you need. It also makes it easier to keep track of household expenses.
9. Buy life insurance. If your income is used to pay for both your monthly expenses - and most couples do - make sure you both have enough life insurance to protect each other. This is absolutely necessary if you both already have dependents, such as children or the elderly.
10. Set the document. Make sure you both know where important documents are stored. These include birth and marriage certificates, Social Security card, bank and investment account information and tax records. It is easier for us to find the document when needed. (Source: www.readersdigest.co.id)
"Managing finances at the time bachelors and married very different," said Devino Rizki Arfan (www.devinorizki.com), an independent financial planner. "Because, after marrying many changes in the financial mindset to be done."
Devino highlighting various matters related to finance, ranging from shared bank accounts, setting financial goals, insurance, and much more. And since money is something quite emotional - and one of the main causes of divorce - the success of your marriage is also determined by your financial habits and couples get up from the beginning.
To build a good start, Devino divides the 10 steps:
1. Start Saving. You may have spent the entire savings for a wedding. Well now is the time to rebuild. For starters, collect at least as much as 6 months of monthly expenses as an emergency fund. Additionally begin your retirement planning also of workplace by investing money in a diversified portfolio in accordance with the family's financial goals.
2. Say goodbye to the separate accounts. When are married, the money is not yours or mine, but belongs to both. Make a checking account or savings for the financial goals together.
3. Update the beneficiary. Change all beneficiaries on insurance policies, pension plans, mutual funds, and other securities with the name of your spouse. It is actually not absolutely necessary, especially if you and your partner have a child yet. But sometimes very necessary, especially if you have no one else to trust.
4. Debt. If your partner is not yet know anything about your debt, it is better to talk about. Thus you can decide how you both will pay off the loan
5. Find out where your money runs out. You and your partner need to work together to track down family expenses. It is easier to evaluate and achieve financial goals when you understand carefully where only money is spent and how spending patterns.
6. Make an agreement on family expenditure. Like single, you both would have earned and spent money for years without consulting anyone. Unfortunately, those days will end after marriage. Can try to discuss with your spouse about your habit to approach and handle money. Does one person and one more frugal spender? Make it a rule to handle the differences, may set a monthly spending limit for each person or promises to save a certain amount each month to reach a common goal.
7. Prioritize purchases. Part of the marriage means jointly decide how to spend your money. Make a list of purchases that will come - school fees, house, car, furniture or a pet room - and prioritize them than other expenditures.
8. Consolidate your credit card. Avoid having more credit cards than you need. It also makes it easier to keep track of household expenses.
9. Buy life insurance. If your income is used to pay for both your monthly expenses - and most couples do - make sure you both have enough life insurance to protect each other. This is absolutely necessary if you both already have dependents, such as children or the elderly.
10. Set the document. Make sure you both know where important documents are stored. These include birth and marriage certificates, Social Security card, bank and investment account information and tax records. It is easier for us to find the document when needed. (Source: www.readersdigest.co.id)
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