Financial planning for married couples
The young couple recently married very need for financial planning, especially in the early days of marriage. That way the family finances can be more stable. Married couples who need to be prepared in terms of insurance and financial planning are also children’s education. In order to manage the family finances is highly recommended that the financial plan in accordance with their respective headings that have been created together.
In arranging the family’s financial planning should be divided into three terms, short-term financial plan, medium and long term. Short-term financial plan is often used to meet the needs of less than one year. The medium term is used to meet the needs of 1-5 years. While long-term financial planning is often done to meet the needs of over five-year period.
Financial planning
Short-term financial planning can be done by saving money in savings, deposits, or precious metals. Storage money this way has a lower risk.
If for the medium term financial planning, such as buying a house, car, prepare preschool age children’s education fund, set up funds to invest. Save your money on debt-based financial products, Such as bonds, ORI, Mutual Funds Fixed Income.
As for the long-term financial planning, such as for kid’s college fund, retirement, traveling, or pilgrimage for Muslims, save your money on high-risk financial products, but produce more optimal profits. Mutual Shares Fund invests may be an option for setting up long-term needs.
Avoid credit card debt
Problems are often experienced by married couples is debt. Especially with the use of a credit card that is not planned and not well controlled.
Therefore it is recommended that adjusted earnings with a credit card limit. If you earn about $ 5 million, then make sure your credit card limit, the maximum is $ 10-15 million. Do not exceed it. Credit card limit should be 2-3 times of your monthly income.
In order family finances to remain safe and stable is very necessary division of roles between husband and wife in managing finances is also important. In general, the wife became minister in charge of governing the use of finance because wives are generally more aware of their household needs. But the husband also has a role in terms of supervision. Thus, financial planning you will still run well so that you will have no trouble in financial problems in your household.
