Engaged Financial Plan

Marriage is an important event in a person’s life. From the old nursery rhyme, First comes love, then comes marriage, couples take the big step when they feel the quality of the relationship has reached the next level. Relationship

The article “Money Issues That Can Test Even a Rock-Solid Marriage Issues That Can Test Even a Rock-Solid Marriage” focuses on how having trouble with finances affects relationships unfavorably. Most couples do not discuss finances before committing, and may find themselves at odds for various reasons, particularly a few years or more into the relationship. Specifically, this editorial lists five main financial issues for couples and offers some helpful notions to ameliorate the situation.

Contrary to popular belief, premarital agreements are not solely for rich people and Hollywood stars. In fact, “In 2013, 63 percent of divorce attorneys surveyed by the American Academy of Matrimonial Lawyers said they had seen an increase in the number of prenuptial agreements drafted in recent years.” (Grant) This notable increase stands behind the notion that upper-class, middle-class, and even lower-class couples have begun to gravitate towards entering into premarital agreements prior to committing themselves to their significant other through the act of marriage.

On the other hand, (refer to earlier comment) a husband who values order, control and authority may resist spending money on anything but 'absolute necessities'. These conflicting views give rise to inevitable strife. Poor financial understanding (of sound financial practices) will also result in unwise decisions that bring about uncertainty and insecurity in a marriage. A happy marriage will only ensue if the wedded is financially stable and have the same outlook on how they should manage their finances

The basic aspects of personal finance seem to be obvious to a fair number of people. However, due to the typical American education system, there are a vast majority of graduating high school students that enter the so-called ‘real world’ without having any practical knowledge on how to properly manage, spend, and invest the money they are hoping to make. The addition of a personal finance course, such as the one just taken over this summer session, to a standard high school curriculum would help assist future generations in enabling themselves to gain control over their finances, and would thus help the country as a whole by reducing the national debt.

Apparently, goals like buying a dream home, a car, children’s education, their marriage and so on every married people have and these all are the major requirement to maintain the life standard. In such situation, you can take the help from financial consultancy services

As a continuation, I have a real passion for personal finance and find it deeply disturbing that financial literacy is all but ignored at most levels of education, so I want this class to be a valuable addition to your curriculum. Some personal finance axioms have been repeated so often that they almost can't be considered advice anymore. Some people amazingly enough have made a career out of saying "you need to save money, put money into an individual retirement account, take advantage of your 401(k) through your employer, cut up your credit cards, pay your bills on time, don't spend more money than you make." DUH

Money has never been easy for everyone because it has caused many problems. Couples who decide to live together need to pay for rent, gas, electric, water bills and much more. Not only that, but they have to communicate constantly. Communication is key to preventing arguments because if you can't talk about the issue, how will you settle it? Being

It is important for the newlyweds to have a financial plans set up as it helps them have a focus in life and have a reason for saving money. The short-term goals would involve things that would not require a lot of money and thus would be achieved in a short time. The long-term goals on the other hand would entail things that require a lot of money to accomplish and thereby take more time to complete (McKeown, 2012).

There was also no effect on financial literacy, Pearson chi-square (3) = 6.09, ns. There was an insignificant trend with incorrect answers when thinking about romantic relationships and all three primes had lower rates than the control condition. The participants may have been preoccupied about delegating financial responsibility to their partners.

The main goal should be to talk to your partner about your personal savings goals and budget. When couples have separate bank accounts, there is a tendency to treat finances as an individual matter. As long as you are together, your spending or saving habits will impact each other. Because of this, it is important to have an honest talk about your monetary needs and goals. You need to make sure that you are working toward the same goals as you handle your joint expenses.

Both domestic partnership and marriage are types of relationships that compare by distribution of income and responsibilities. In either relationship, participants share their money to cover costs they are equally responsible for. In such households there are basic needs that a family is obligated to sustain. This includes

to get married, you will also learn to have more responsibilities as well as learn to be more busy than your single life and step through many sharings between the two of you.

Economics is the study of human behavior based on cost-benefits analysis. They deal with scarcity, the unlimited wants humans have and limited resources that’s available (“What Do Economists Do”). Marriage is based on the idea that both partners will dedicate the rest of their lives together, through sickness and adversities. The majority of couples that goes into holy matrimony expecting the relationship to last forever. Studies have shown that divorce rates have been on the rise to over 50% in the past decade (McElory 1). People who jump into marriage without first laying a solid foundation of learning and understanding their partners; seeing eye to eye on various issues, will be more prone to divorce. Marriage patterns are based partly on age and education status.

Money is a frequent source of conflict in marriage. While it can bring great opportunities, marriage can also bring stress and strain if couples do not approach their finances and priorities realistically. Working as partners is important to resolve the issues of finances and they can have a healthier relationship. Financial issues may result from one spouse be saver and one spouse being a spender, no budget planning or the opposite there is a budget, but it may be too strict. Unresolved conflict in finances can lead to divorce; the couple are unable to talk about their finances and repair the damage to the marriage. Results from a recent interview by the author with a couple reveal their relationship struggle with financial conflict. For this research paper, the writer choose to discuss financial conflict. In conclusion, the writer will provide statistic data, description of financial issues, techniques to help the couple, Biblical insights and homework.