facebookWhat are the essential things to discuss for financial planning with your future spouse before and after marriage? - Seedly

Anonymous

18 Jul 2019

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What are the essential things to discuss for financial planning with your future spouse before and after marriage?

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Fan ZD

18 Jul 2019

Employee at A Bank

While there are many things to discuss, why not start with one simple topic? Get a joint account for joint expenses and agree among yourselves how much each of you will contribute to it. I think thats the most important.

Clarence Chua

23 Jun 2019

Financial Planning Specialist at Prudential Assurance Singapore

There will be many things to discuss about, financial planning encompasses almost every part of our life.

Every couple discussion will be different as their priorities varies too. That being said, a few common and crucial points to be discuss will be

  1. How do you guys want to manage the family finances. How much allocation to each category as a guide?

  2. When do you guys want to plan for kids (if any).
    This will bring in talks about, schools, education, etc
    But also what financial value will you guys want to impart to them.
    And if money is not a concern, will you guys prefer if one spouse care for the kid full time?

  3. What kind of wedding ceremony will you guys want? Whats the budget, how to reach it? What about honeymoon?

  4. Housing, when do you guys wish to have your own place. Location, budget, how do you want to split the payments etc

  5. Prenuptial agreements. To do or not to do. You may read more about it here https://blog.seedly.sg/prenup-singapore/amp/

There are really many more areas for discussion depending your own priorities and dreams. But those above are more common, I believe so

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