In the golden autumn of October, many new couples will enter the sacred hall of marriage. After getting married and starting a family, the "happy bachelors" transform into a "world of two," where both spouses need to adjust not only their living habits but also their financial management habits. Financial management becomes a shared responsibility between the couple, and newlyweds should plan early to benefit sooner.
Before making financial plans, newlywed couples must first calculate their monthly net income based on their combined monthly income and liabilities. They should set aside three to six times their monthly fixed expenses as readily available funds for emergency and medical contingencies. The remaining available funds can then be invested into a financial management plan.