Tips to Manage Financial Stages of Life
2. When You Get Married
'Marriage', often the word is considered to be a synonym for responsibilities. Marriage can cause many deliberate and involuntary financial adjustments for both the members. The risk taking ability lowers a bit after one gets married as there are added responsibilities too. It will be best if both the partners sit together and sort out their financial needs as finances, too, need to be planned out together.
3. When You Lose A Job
We don't hope such a situation for you, but as mentioned earlier life is unpredictable and you never know when an adverse situation comes up. May it be you are asked to leave the job or you quit on your own, the result is the same-a heavy strain on finances. Therefore financial planners ask to keep an emergency fund of at least six months of your expenses. Make sure you have an emergency fund ready whenever require.
