You must make these financial preparations before marriage

Overview:Make these financial preparations before marriage

If you are going to get married soon then you should make some financial preparations now. Know in this article.

Financial Preparation Before Marriage: As soon as the marriage is fixed, the family members start preparing for it. A girl leaves no stone unturned to make her special day memorable. But what is often completely ignored in this matter is financial preparation. After the marriage is fixed, the girl starts shopping for her wedding lehenga and jewellery, but does not think much about her financial future. Actually, in Indian society, girls are always taught that after marriage everything will take care of itself or the husband will take care of it. Whereas in today’s time, it is equally important for a girl to be financially strong.

A girl’s personal and professional life changes completely as soon as she gets married. In such a situation, if she is financially prepared, then she is able to handle these changes in life with more confidence. Here you need to understand that financial preparedness does not at all mean that you do not have confidence in relationships, rather it shows that you have confidence in yourself. So let us know what financial preparations a girl should make before marriage-

Always keep in mind that you must get a bank account and PAN number in your name before marriage. Even if you open a joint account with your husband after marriage, a personal account gives you the freedom to take some financial decisions. In such a situation, you are able to take decisions on your own in case of sudden need.

Indian woman reviewing health insurance policy on mobile phone
Make sure to get health and term insurance

Generally, women become dependent on their husband’s insurance after marriage, this is not completely correct. Always take special care that you take health insurance before marriage. Also, if you have income, take term insurance also. With this, your partner does not have to bear the burden of medical expenses. Also, you are able to live with self-respect and self-reliance.

Indian woman planning investments like SIP and savings before marriageIndian woman planning investments like SIP and savings before marriage
SIP and Savings

Generally, it is seen that after marriage, it is the husband who often takes decisions related to money, hence it becomes very important that you learn to invest before marriage. Even if that investment is small. You can invest in SIP, RD, Mutual Fund or Gold. This not only gives you better control over your money, but also provides long term security. In future, you do not need to worry about children’s education or retirement.

Plan your wedding expenses

It is very important that you plan the wedding expenses in advance. Don’t get yourself into debt because of this. Remember that marriage is just a one-day function, but if you take a loan, it will have to be repaid for many years. Your planning should be such that you can make a good start to your new life and you do not face any kind of financial stress after marriage.

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