Setting up financial structures before going into the family way - page 3.

lizarder

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Quote from: bounceback on December 29, 2023, 11:19:22 AM

Little disagree with some people opinion when marriage will get many source income in the future, we need prepare all thing before marriage and most important with stable financial and have good work before building serious relationship as marriage. Every day have many unpredictable need and we must spent money exactly after marriage and have children, before building serious relationship or have family prepare saving, good financial set up until good work with enough salary payment for daily needed when having family.

If your view is like this and if you live in a country where it is difficult to get a job then I am sure you will never be able to get married, because as you said, before marriage we must have a stable source of income. We can prepare everything to achieve financial stability, but not everyone can get lucky quickly and when you get married, the prayers of a wife or children will be something that makes things easier.

I went through this experience and maybe everyone doesn't necessarily agree with my views. But if you are serious, getting married will open the way for anyone to work much harder, because by getting married we have responsibilities that need to be carried out, so we will be motivated to work hard and smart in seeking financial freedom.

Quote from: bounceback on December 29, 2023, 11:19:22 AM

Good educate for every one before marriage build up good financial and have much saving because if you face difficult with income when marriage I doubt how long your marriage relation will existing.

If you want to open your eyes then there are many people who get married initially without a stable income and they struggle together towards financial freedom. I experienced this and at the beginning of my marriage it was quite difficult to get stable finances, but when my first child was born everything changed and fortune came from various sides.

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Quote from: Distinctin on December 29, 2023, 04:56:57 PM

Being financially stable will contribute a lot to the welfare of the marriage. With sufficient funds to raise a family, that will make both the husband and wife stress free in their marriage and will most likely live a happy marriage. Unlike those marry without stable sources of income and without stable savings, the marriage might only suffer in the long run and the success and happiness of marriage will be put into compromise.

Our needs when we are single will be very different when we are married, because we have to fulfill the needs of 2 people at once, especially if we already have a baby. Therefore, financial stability is very important. It requires a commitment from 2 people to really be able to make our financial situation good and also not forget to work hard. Marriage is not a 1 or 1 year relationship, but it will be a lifelong relationship, therefore we must be able to prepare it as well as possible.
This is the age where weddings are very expensive, I mean the cost of maintaining the "prestige". But if the two of them can commit to not having a lavish event and rather turn the money they have into capital, it's wiser. But of course, marriage is sacred and you want it to be an unforgettable moment by having a lavish event.

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Quote from: Yatsan on December 29, 2023, 02:44:33 PM

No matter how we fantasize not involing financial capabilities with marriage, it will always be a factor. Things would change once you build up your own family and that also includes calibrating your financial responsibilities; if you don't have that much of money then problem may arise. Love alone can build a family but won't sustain it in a long run; we have to be practical of how we would handle things before entering this phase of our lives. Inagine having no enough money; daily needs wil be a problem, most of the time stressed of the bills, not being able to give your child the life you want he/she live in the futurec, etc. Courtship is different from marriage; never too confident of how things would go after marriage so better be prepared.

Yes; this is definitely true, if you are married then you are going to have higher expenses. The thing about the differences between women and men is that men are simple creatures, we are really fine with not seeing the wonders of the world, we are fine staying at our home, drinking a beer, watching a show and sleeping.

In fact, it is so much so that, if you provide a men enough money to just be able to afford bills, food and a decent enough shelter, most of them will not require anything more, you literally have all your expenses covered, maybe medical bills if anything happens, but as long as they can wake up, eat, drink a coffee, read the news, nap, wake up, eat dinner, watch tv, and go to sleep without going to work and still paying for all this, that is as good of a retirement as it gets.

Women are not like that, they want more, they see others having more, and they want more themselves, so that difference could cause a bit of a trouble in marriage if you are not careful, both sides needs to meet in the middle.

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Quote from: Distinctin on December 29, 2023, 04:56:57 PM

Being financially stable will contribute a lot to the welfare of the marriage. With sufficient funds to raise a family, that will make both the husband and wife stress free in their marriage and will most likely live a happy marriage. Unlike those marry without stable sources of income and without stable savings, the marriage might only suffer in the long run and the success and happiness of marriage will be put into compromise.

What you say is very true, when someone is financially stable it will be easy to build their family well and will not have financial problems in their family, because I often see some people who choose to divorce because they cannot give their wife money. for their family's shopping needs, so it will be very important before deciding to get married, it would be better for us to have a job that has an income and is sufficient for our shared needs.
If we have decided to get married and don't have a stable income, of course we have to commit to working together to provide for their family and if this can be done it will certainly be very good for the relationship we build together.

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Having a resourceful career or a business that consistently brings money is as important as choosing a life partner. One of the major causes of divorce is as a result of financial instability. As a mature and learned adult, before you think of setting down, you should have built a business that can be able to sustain at least a family of four or five depending on the number of kids you want to raise. Love is not the only thing that spice up marital life, money plays a vital role. A woman respects a man who caters for her and the kids.

With cases of failed marriages and an increasing population of youths without proper training and upbringing, it's sad to know that the major cause of failed marriages is as a result of poor financial structure. so, it is advised that a man should have a steady income business before walking down the aisle with his partner.

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Being financially stable will contribute a lot to the welfare of the marriage. With sufficient funds to raise a family, that will make both the husband and wife stress free in their marriage and will most likely live a happy marriage. Unlike those marry without stable sources of income and without stable savings, the marriage might only suffer in the long run and the success and happiness of marriage will be put into compromise.

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Quote from: Davian144 on December 29, 2023, 10:47:56 AM

Quote from: cakravothy on December 29, 2023, 03:04:29 AM

the main thing before marriage is to have an income. without income whatever is done about the motivation for financial management will not work.
because there is no money to manage, because there is no income at all.
parents must have given a good education from school to college. so then the matter of work and financial management must go alone because they are adults.
marriage is not about love, but marriage needs a life to feed his wife and children.

This is quite true and not at all wrong, because what I have experienced and have been living since I got married in early 2018 is a quite real fact that every person must have an income before entering marriage. Because the families of the bride and groom only provide a little help, the rest we have to do ourselves, even though their families are rich, but we still have to work on our own income. How to manage finances is actually not complicated if there is money to manage and everyone can immediately learn when they have full responsibility for their own household.

Here in our country, other people are kinda funny, getting married at an early age with no savings or anything like own house or property. So after the marriage, what happens is they are living in the parents' house, instead of living apart.
Sometimes they really not aware about family planning, so the ones who struggle the most and take responsibility are the parents. They are helpless because of course, it is their child who is asking for help and they cannot refuse.

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Quote from: Davian144 on December 29, 2023, 10:47:56 AM

Quote from: cakravothy on December 29, 2023, 03:04:29 AM

the main thing before marriage is to have an income. without income whatever is done about the motivation for financial management will not work.
because there is no money to manage, because there is no income at all.
parents must have given a good education from school to college. so then the matter of work and financial management must go alone because they are adults.
marriage is not about love, but marriage needs a life to feed his wife and children.

This is quite true and not at all wrong, because what I have experienced and have been living since I got married in early 2018 is a quite real fact that every person must have an income before entering marriage. Because the families of the bride and groom only provide a little help, the rest we have to do ourselves, even though their families are rich, but we still have to work on our own income. How to manage finances is actually not complicated if there is money to manage and everyone can immediately learn when they have full responsibility for their own household.

No matter how we fantasize not involing financial capabilities with marriage, it will always be a factor. Things would change once you build up your own family and that also includes calibrating your financial responsibilities; if you don't have that much of money then problem may arise. Love alone can build a family but won't sustain it in a long run; we have to be practical of how we would handle things before entering this phase of our lives. Inagine having no enough money; daily needs wil be a problem, most of the time stressed of the bills, not being able to give your child the life you want he/she live in the futurec, etc. Courtship is different from marriage; never too confident of how things would go after marriage so better be prepared.

Quote from: bounceback on December 29, 2023, 11:19:22 AM

Quote from: lizarder on December 29, 2023, 08:12:52 AM

Even though many people say that getting married doesn't require a lot of money to make the family happy, for me we need to prepare better financially because when we are married there are many things that need to be prepared. But furthermore, couples must also accept the process of seeking wealth because it is impossible for us to reach the stage of wealth in an instant way. When support from our partner is there, we can work together to reach a much better level of wealth and if our partner is able to save on expenses while we are still struggling it will be much better.

I struggled with my partner to reach the stage of financial freedom and this support made me even more enthusiastic about seeking fortune. Spouses also have an important role in reaching the stage of financial freedom because their support means a lot to us.

Little disagree with some people opinion when marriage will get many source income in the future, we need prepare all thing before marriage and most important with stable financial and have good work before building serious relationship as marriage. Every day have many unpredictable need and we must spent money exactly after marriage and have children, before building serious relationship or have family prepare saving, good financial set up until good work with enough salary payment for daily needed when having family.

Good educate for every one before marriage build up good financial and have much saving because if you face difficult with income when marriage I doubt how long your marriage relation will existing.

While we're still young we should already be futuristic of things; saving, buying necessary things from the store, engaging to investments and assets.Most of the people have lived quite of a sustaining life but sustaining won't be enough, then it should reflect your readiness of marriage.

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Quote from: lizarder on December 29, 2023, 08:12:52 AM

Even though many people say that getting married doesn't require a lot of money to make the family happy, for me we need to prepare better financially because when we are married there are many things that need to be prepared. But furthermore, couples must also accept the process of seeking wealth because it is impossible for us to reach the stage of wealth in an instant way. When support from our partner is there, we can work together to reach a much better level of wealth and if our partner is able to save on expenses while we are still struggling it will be much better.

I struggled with my partner to reach the stage of financial freedom and this support made me even more enthusiastic about seeking fortune. Spouses also have an important role in reaching the stage of financial freedom because their support means a lot to us.

Little disagree with some people opinion when marriage will get many source income in the future, we need prepare all thing before marriage and most important with stable financial and have good work before building serious relationship as marriage. Every day have many unpredictable need and we must spent money exactly after marriage and have children, before building serious relationship or have family prepare saving, good financial set up until good work with enough salary payment for daily needed when having family.

Good educate for every one before marriage build up good financial and have much saving because if you face difficult with income when marriage I doubt how long your marriage relation will existing.

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Quote from: cakravothy on December 29, 2023, 03:04:29 AM

the main thing before marriage is to have an income. without income whatever is done about the motivation for financial management will not work.
because there is no money to manage, because there is no income at all.
parents must have given a good education from school to college. so then the matter of work and financial management must go alone because they are adults.
marriage is not about love, but marriage needs a life to feed his wife and children.

This is quite true and not at all wrong, because what I have experienced and have been living since I got married in early 2018 is a quite real fact that every person must have an income before entering marriage. Because the families of the bride and groom only provide a little help, the rest we have to do ourselves, even though their families are rich, but we still have to work on our own income. How to manage finances is actually not complicated if there is money to manage and everyone can immediately learn when they have full responsibility for their own household.

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Quote from: Kasabus on December 29, 2023, 09:52:33 AM

If you marry before 30 years of age these days, you will miss a lot of opportunities that you might suppose to enjoy at your mid 20s. So I don't see it significant as well following that old trend. However, its also a case to case basis. If you are an inheritor of a rich family, then there's no reason to delay your age before marrying, or you own an executive position in a company, then you can marry even before 30s. But if you're a minimum wage earner, then save a lot first and find a more stable job before settling down.

I think your advice above is very suitable for those of you who are not married because after starting a family, finances become the dominant factor. It's true and we read about many cases that end badly. If you don't have children, I don't think it's a big problem, but if you do, it becomes a mental burden for they children in the future.

Well, this is where maturity and responsibility are born and it is not an easy matter, on the other hand, after starting a family there will be many unexpected costs that come up without us realizing it and the only solution should be to find additional income back in the end.

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Quote from: inthelongrun on December 25, 2023, 05:28:35 AM

If all people prioritized financial stability before starting a family, the world would be a better place. Although I am not saying that starting a family even if the finances aren't secured yet will fail, there's still the chance of being successful. But it's just different when someone is in a financially stable condition, the chances of having a better family and becoming more successful are high.

I know there are still many people who believe in the old ways like we should get married before 30. I don't agree with it. Modern countries usually average over 30 years old when their people get married. And so it's proven rather than the old beliefs that has to change.

If you marry before 30 years of age these days, you will miss a lot of opportunities that you might suppose to enjoy at your mid 20s. So I don't see it significant as well following that old trend. However, its also a case to case basis. If you are an inheritor of a rich family, then there's no reason to delay your age before marrying, or you own an executive position in a company, then you can marry even before 30s. But if you're a minimum wage earner, then save a lot first and find a more stable job before settling down.

Being financially stable is crucial when you plan to enter marriage. Its still different when you can provide your spouse and your future children the quality life they deserved. The marriage will work even more and the family will be a lot happier and healthier compared to those who decide to marry unprepared.

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Quote from: cakravothy on December 29, 2023, 03:04:29 AM

the main thing before marriage is to have an income. without income whatever is done about the motivation for financial management will not work.
because there is no money to manage, because there is no income at all.
parents must have given a good education from school to college. so then the matter of work and financial management must go alone because they are adults.
marriage is not about love, but marriage needs a life to feed his wife and children.

Before getting married, there are several factors to take into account. Mature people also think about their level of income because they are not prepared for marriage if they lack good money management skills. Motivation bothers me. If you want to take charge, then do it without waiting for anyone or anything to motivate you. Some people struggle harder to provide for their families than others, not because they don't work, but rather because they lack time management skills. As the head of the household, men have a lot of responsibilities. And been a man is not easy at all. Their are more to his shoulder than people can explain.

And because of a lot of things that are happening now marriages don't even last any longer a lot of cases popping up everywhere and money is part of it, some ladies will even abandon their husband for another man because of money, marriage is full with a lot of complication, so know who you marrying to don't just get married.

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Quote from: Hewlet on December 20, 2023, 01:30:23 PM

With cases of failed marriages and an increasing population of youths without proper training and upbringing, it's sad to know that the root cause of it is mainly as a result of poor financial structure and plan before entering into marriage.

Getting married is a shift in responsibility where previously our partner was borne by his parents, but after vowing to live with us, that responsibility has completely shifted to us. Getting married is not an easy matter because there are many things we need to prepare and if we don't have a good financial plan it will be quite difficult for us to meet our living needs.

Quote from: Hewlet on December 20, 2023, 01:30:23 PM

Don't be blended by love as a young person, their are times that love won't be enough to run a home and that's when factors like your financial strength can come through for you.

Being financially buoyant in marriage will even help you love your partner better so try and use your head.

Even though many people say that getting married doesn't require a lot of money to make the family happy, for me we need to prepare better financially because when we are married there are many things that need to be prepared. But furthermore, couples must also accept the process of seeking wealth because it is impossible for us to reach the stage of wealth in an instant way. When support from our partner is there, we can work together to reach a much better level of wealth and if our partner is able to save on expenses while we are still struggling it will be much better.

I struggled with my partner to reach the stage of financial freedom and this support made me even more enthusiastic about seeking fortune. Spouses also have an important role in reaching the stage of financial freedom because their support means a lot to us.

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the main thing before marriage is to have an income. without income whatever is done about the motivation for financial management will not work.
because there is no money to manage, because there is no income at all.
parents must have given a good education from school to college. so then the matter of work and financial management must go alone because they are adults.
marriage is not about love, but marriage needs a life to feed his wife and children.

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Quote from: barisbilgili on December 28, 2023, 12:26:24 AM

It is indeed very important to prepare for financial stability before starting a family because if you don't have a steady source of income it will be very difficult to meet the family's needs.
For some people who have achieved financial stability, it is easier to meet their family's needs because they have a steady income that can guarantee the needs they need.
In my opinion, it would be better for us to get married when the data guarantees the needs of the family that we are going to build because if we have not been able to meet the needs of the family and we have decided to get married, I don't think we will be able to last long, because one of the reasons people divorce is because they don't can meet their family's needs.

Marriage is a scary thing, of course it's not something to joke about, before getting married, it would be good for us to prepare ourselves first, such as being financially stable and having a permanent job, and of course mentally. Or at least we have the nature of hard work and are willing to try.

If this doesn't exist then it's better to postpone the marriage because as you said and the facts on the ground are that many couples divorce for economic reasons. In fact, after divorce the economy improves, why not improve the economy together? Besides, after a divorce, who will be the victim, it must be the child. That's why before getting married, apart from the need to be financially mature, we also need to have a strong mentality.

Actually, the main key is knowledge. Marriage requires knowledge, there will be no divorce if both of them have knowledge and of course also have an understanding and life principles that are in line. everything is built on the basis of science.

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Quote from: stadus on December 26, 2023, 06:41:45 PM

This factor is very necessary before entering marriage. You would not want to marry a person or be with a person who has no plans on both of you, and who has no plans on achieving financial stability. Hence, setting up financial structures at its utmost importance so that the marriage will be sustainable and will be able to provide the needs and wants of the children in the future. Not literally that you should be financially stable before getting into marriage, but at least you have stable job that can sustain and make the marriage works for lifetime.

Marriage is all about planning between two adults and when their is no financial plan in the equation it makes everything becomes difficult. Marriage comes with so much responsibilities that money finance is a very important factor. The financial responsibilities in marriage increases everyday because a man and a woman coming together to make a family, they will have children to train and money must be available to take care of them. As children grows their demands increases too.

Their must be a financial plan in every marriage, without no plan the marriage will be very difficult which will end up to regret making such decisions without plans.

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Quote from: barisbilgili on December 28, 2023, 12:26:24 AM

Quote from: inthelongrun on December 25, 2023, 05:28:35 AM

If all people prioritized financial stability before starting a family, the world would be a better place. Although I am not saying that starting a family even if the finances aren't secured yet will fail, there's still the chance of being successful. But it's just different when someone is in a financially stable condition, the chances of having a better family and becoming more successful are high.

I know there are still many people who believe in the old ways like we should get married before 30. I don't agree with it. Modern countries usually average over 30 years old when their people get married. And so it's proven rather than the old beliefs that has to change.

It is indeed very important to prepare for financial stability before starting a family because if you don't have a steady source of income it will be very difficult to meet the family's needs.
For some people who have achieved financial stability, it is easier to meet their family's needs because they have a steady income that can guarantee the needs they need.
In my opinion, it would be better for us to get married when the data guarantees the needs of the family that we are going to build because if we have not been able to meet the needs of the family and we have decided to get married, I don't think we will be able to last long, because one of the reasons people divorce is because they don't can meet their family's needs.

Exactly! Financial instability will make a family's bond become weaker and sometimes it ends up being divorced. Kids are the most affected individuals in this kind of event. So I think young people who are planning to settle down should rethink before worst thing has to happen. I can see majority of young people that suffer this kind of situation ends pretty badly here in my place. I know that they are confident in having kids at a very young age because of the governments financial aid. That is why they sometimes has no plans of trying to get a decent job to support their family because of that financial aid. When I see these people I feel pity and a bit disappointed because they are not helping themselves get out of poverty.

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Quote from: Egii Nna on December 25, 2023, 12:51:43 AM

Quote from: HONDACD125 on December 24, 2023, 11:04:30 PM

Most of the people who have a lot of wealth and do not enable their children to earn rather they decide on child marriages believing in their earnings which is definitely wrong. Perhaps no matter how much wealth one has, one should enable one's children to earn for themselves. So that he can become a responsible member of the house and society.

There is something that I want you to understand about wealthy and rich; these two things have broad differences. because being rich means you have some amount of money and property that can sustain you, your family, and your friends and do other things for some certain time, which can finish one day. What I mean is that you can be rich and get broke within some years of your life, but when we are talking about wealth, this is not only having some property of money but a big collaboration and shares in many big companies and also owning many companies to the extent that the amount of money you are receiving daily can be spent lavishly for 100 people or even 1000 people for a complete year. Here we are talking about what you will receive daily, not weekly or monthly. That is what is meant by being wealthy. How will you think that those children that grow up in that family will lack or even think of starting something to earn money? What will he do with it while it is abundantly available?

If I interpret your words a little, the person who has more wealth is called rich in the society. He who does not have wealth is not called rich, so both of them are necessary and obligatory. If some money and property can disappear after some time, then those who own big companies, big properties and shares in different places do not take long to lose their wealth, because it is the law of nature that when someone falls, then both a little wealth and a lot of wealth can disappear for him.

No matter how much wealth one has, he never wants his children to be unable to manage his wealth. so it is the duty of all parents to make them responsible. I have seen many people who work hard in their life and build big companies but their children are not as capable as them and they are not able to train them well.Due to this, their children waste all the wealth earned by their father. As much as it is difficult to earn wealth, it is difficult to manage and maintain it. So with being more affluent one has to prepare their children about these things.

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Quote from: inthelongrun on December 25, 2023, 05:28:35 AM

If all people prioritized financial stability before starting a family, the world would be a better place. Although I am not saying that starting a family even if the finances aren't secured yet will fail, there's still the chance of being successful. But it's just different when someone is in a financially stable condition, the chances of having a better family and becoming more successful are high.

I know there are still many people who believe in the old ways like we should get married before 30. I don't agree with it. Modern countries usually average over 30 years old when their people get married. And so it's proven rather than the old beliefs that has to change.

It is indeed very important to prepare for financial stability before starting a family because if you don't have a steady source of income it will be very difficult to meet the family's needs.
For some people who have achieved financial stability, it is easier to meet their family's needs because they have a steady income that can guarantee the needs they need.
In my opinion, it would be better for us to get married when the data guarantees the needs of the family that we are going to build because if we have not been able to meet the needs of the family and we have decided to get married, I don't think we will be able to last long, because one of the reasons people divorce is because they don't can meet their family's needs.

Topic: Setting up financial structures before going into the family way - page 3. (Read 1146 times)