What can you learn from getting married when your finances are not stable?
Former Princess of Japan and his “pro-conspirator” gained many fans when he decided to give up his title to pursue love. However, both are facing many visa problems when the former Princess Mako is in the US as a spouse of a resident, ie dependent on Kei Komuro – Mako’s husband.
It is expected that if Kei Komuro does not pass the third bar exam in the US this July, the visa application will become quite hopeless. According to a source, job stability is the top priority of the couple if they want to live in the US for a long time.
Previously, it was also reported that the former Japanese princess had an easy life when she had her own property before getting married. However, it can be seen that getting married when the job is not stable, moving to a new city with an income of almost zero, makes the married life of the former Japanese princess couple in quite a lot of trouble.
Here are the things couples need to know about money before getting married to avoid financial damage.
Take a close look at each other’s personal finances
When getting married, it’s important to take turns taking inventory of your assets. A financial inventory should include everything from an individual’s monthly income to savings, credit card balances to student loan debt. It must also take into account monthly expenses and how they will change after marriage. Decisions about property rights and division of assets before marriage also need to be considered.
At this stage, it helps to decide whether unpaid obligations will become “joint debts of the couple” or will each continue pay debts their. This can be a tough negotiation if at all.
Every family will have different circumstances including unexpected situations, careful consideration before the big day will reduce unnecessary arguments later.
Make a savings plan together
In an age of consumerism, more discipline is required in saving for future mutual funds. When couples are relatively young and therefore have a lot of time together, they should aim to save at least 10% of every penny earned in a long-term account.
The specifics can be discussed with the help of a financial professional, but a commitment to saving over the long term needs to be followed by each person properly.
Share financial responsibility
In a marriage, it is common for one person to handle the budget and pay the bills and the other to be responsible for all the investments. There are dangers in these deviant approaches. What if a person is too sick or injured to handle their usual tasks – or even dies suddenly? In the case of the former Japanese princess, she is dependent on her visa for the results of the bar exam and her husband’s job stability.
You’re better off doing the financial work together. Or at least know the required monthly financial transactions, every account you own and know how to manage the family’s money.
Photo: Synthesis
at Blogtuan.info – Source: Kenh14.Vn – Read the original article here
