Family financial management – If you are a newly married couple, now is the time to think about tactics and strategies in managing finances. Yep, when you are married, you no longer think about the fate of yourself, the presence of a spouse or husband as a life friend makes you have to be more careful in the management of family finances.
The financial management of the family after marriage is very important to talk about immediately. Therefore, feel free to invite your partner to discuss to get interesting ideas and what commitments you want to achieve with good family financial management. Here are some ways to do family financial management that you can try:
1. Prioritise family needs
At the beginning of the marriage, you should already be able to make a quick transition about family financial management. Financial management this time is not only fixated on you alone, but also husband or wife, and will also increase with the presence of children.
If after a few months after marriage you are declared positively pregnant, immediately allocate funds to buy various baby needs and supplies such as strollers, beds, baby clothes, breast pumps, breastpads, etc. Take a moment off your instinct to buy a new bag or shoe and put the needs of your future baby in your womb first.
2. Divide the financial portion of the family
To get good family financial management, you also need to divide the financial portion into a certain percentage amount. For example, if you have debt installments, you can allocate income to pay debts as much as 30%, for savings of 30%, as well as daily needs of 30%. The remaining 10% of the family’s financial management can be used for recreation.
3. Split the payment task
As a newly married couple, it may have crossed your mind to impose financial management on your wife. However, the sheer number of payment bills often overwhelms your partner and has an impact on the family’s messy financial management. Well, communicate the task of monthly bill payment with your spouse so that the family’s financial management can be lighter to run.
No need to be afraid to talk about family financial management at the beginning of the marriage. Throw away the thought that this conversation can ruin romance. Thus, a good commitment to family financial management will make your household feel happier and free from financial crisis.