How couples could be financially prudent ahead of marriage?

Financial distress right in the beginning of a marital life is a situation least expected. The beginning is a time when couples wish to stay surrounded in a happy environment, but money crunch could ruin their dreams.

Feb 24, 2015 12:02 IST India Infoline News Service

Marriages are made in heaven, but money makes them work on Earth, at least during the start. Financial distress right in the beginning of a marital life is a situation least expected. The beginning is a time when couples wish to stay surrounded in a happy environment, but money crunch could ruin their dreams. Therefore, planning a comfortable life ahead of marriage is as important as planning for retirement, car or home. After all, no one would want a rocky start to the marriage, which is a big time event for an individual. Here are some of the quick planning tips that can make marriages financially happy.
 
Knot Hurry: It is seen that couples are hurriedly married on the basis of instant availability of 'auspicious yog' or on pressure from family and relatives. But, holding this rush could give more time in hands of a couple to properly plan their marriage, in terms of money. Moreover, such hurry could come hard on one's pocket as an urgent reservation at hotel or booking tickets or end moment shopping could all become expensive.
 
Grand or Simple Marriage: India is known for its elite and plush weddings. But, think again as where actually the money is spent and what better could be done. Nowadays many youngsters are opting for simpler marriages, which is a big saver on pockets. Moreover, the need to review the option becomes important when a person is taking a personal loan to meet the needs.
 
Honeymoon: With three-six months in hand, a person could systematically plan for his/her honeymoon through reviewing best deals and costs. However, if the same planning is done at the last moment, then things could go real expensive and could be a mood spoiler.
 
Gadgets and household items: If some time is on hand then a couple could decide on, what is more important to buy rather than landing on a spending spree. It is seen that people end up buying everything instantly, which later becomes a financial burden.
 
Financially Synched: It is necessary for a couple to discuss their financial lives openly, which will further strengthen and help future planning. A disheveled financial condition of one could come as a shock to another and thus, disclosing facts are of prime importance.

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