Oct 22, 2009

Manage your finances once married

t is important to plan your financial future in advance if you have an idea of what to expect. Once married, most newlyweds open a joint savings account checking.Here is a list of 4 simple steps to take to determine your financial future.
Step 1- Determine your net worth
Equity is the difference between assets and liabilities. To create a list of his assets, making a list of everything you own and assign approximate values for each. Then list all your debts. Put these two numbers, and have your net worth.
Step 2 – The accounting practices of the Family
You must decide who will manage their accounts. It is a partner for financial management is the shared responsibility? You choose to manage their finances independently if you need a system of accounts to create.
Step 3 – Measure
Statistics show that 95% of the elderly can not afford to retire. Set goals and start saving for your future today. Making short term goals and long term goals. Make sure your goals where you actually pursue, so it must match the prices of their lifestyle
Step 4 – Plan for adjusting your finances once married
Many couples get married without a financial plan in mind. It is very important for your financial situation to discuss before tying the knot this way, all outdoors. If you do not want to deal with the idea of financial strategies get help from a financial planner for advice when necessary.

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