Q: As a newly married couple, we are working on organising our budget and setting realistic financial goals. However, we are unsure about how much we ...
As a newly married couple, we are working on organising our budget and setting realistic financial goals. However, we are unsure about how much we should be saving. What do you suggest?Money can have a significant impact on your relationship. It can either be a source of stability or a frequent point of conflict. This is why it is important for spouses to get on the same page financially, especially when it comes to saving.
When it comes to saving for emergencies, how much you should save will depend on your income. If you have a steady income, consider at least three to four months’ worth of expenses. If your income fluctuates from week to week, raise that figure to six months. If you feel you do not earn enough to save, try setting aside a small amount, like RM200 a month. That may not seem like much, but over time, it will add up.
Whatever the issue, couples often get caught up in the euphoria of dating, and make a common mistake: they ignore how they feel about their partner’s behaviour. That is because they think, “once we are married, he or she will change”.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Motorcyclist tries to kick car, ends up losing his slipperThe motorcyclist attempted to kick the car, however he ended up losing one of his slippers.
Read more »
PDRM Is Offering 60% Discount On Summonses From 22 To 24 NovemberHowever, the discount does not cover all traffic offences.
Read more »
LG says subscription-based home appliance services catching on in MalaysiaKUALA LUMPUR: The shift towards subscription-based services is gaining traction in Malaysia, aligning with a broader global trend that redefines how c...
Read more »
Dr M Claims All Signboards At Unknown Mall In Chinese With English TranslationsHowever, Dr Mahathir did not specify which shopping mall he was referring to, nor did he provide any photographic evidence to support his observations.
Read more »
Malaysians’ financial literacy surpasses global average, but 61pc still lack emergency savings, says BNM deputy governorKUCHING, Nov 17 — The financial knowledge of Malaysians has significantly improved since 2016 and is approaching the level of developed countries, however, there are still three...
Read more »
Financial literacy of Malaysians has improved but still facing 3 challengesKUCHING: The financial knowledge of Malaysians has significantly improved since 2016 and is approaching the level of developed countries, however, the...
Read more »