It is a true fact. Many couples quarrels over financial issues. And worse still, some end up in divorces. They quarrel about what kind of house to live in, which kind of car to buy, to have a separate or joint bank account, and blah blah blah.. the list goes on. If one has alot of $, maybe no need to think so much about what kind of budget to spend. But unfortunately, most do not have that luxury.
Here's a financial checklist for couples to sort out their financial status:
1. Establish financial goals
2. Savings and spending strategy
3. Knowng your combined financial worth
4. Setting up a fund for emergencies
5. Handling of monthly household expenses
6. Maintaining separate banking accounts
7. Deciding on contribution to the joint account
8. Handling increases in earning power
9. Planning to buy a house
10. Handling the investment of the joint savings
11. Reviewing your existing insurance policies
12. Updating your CPF nomination
Here's a financial checklist for couples to sort out their financial status:
1. Establish financial goals
2. Savings and spending strategy
3. Knowng your combined financial worth
4. Setting up a fund for emergencies
5. Handling of monthly household expenses
6. Maintaining separate banking accounts
7. Deciding on contribution to the joint account
8. Handling increases in earning power
9. Planning to buy a house
10. Handling the investment of the joint savings
11. Reviewing your existing insurance policies
12. Updating your CPF nomination
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