Dealing with Finances after Marriage | It's Not Easy Managing Money As A Couple

Подписаться 3,6 тыс.

Просмотров 1,5 тыс.

50% 1

It is not easy managing Money as a newly wed. I lost some money recently and now that we are married how am we going to cope with this? The recent drop in the markets has impacted my investment portfolio as I am invested in growth stocks in the US markets. This has impacted my net worth.
Additionally, marriage made it harder for me to continue sharing my net worth since there are some life changes that comes after that.
How does married couples manage their finances? Any best advice out there?
Watch our next video:
Why Property is NOT part of our investing strategy ➡️ • Why Property is NOT ou...
How I Track My Finances And Net Worth ➡️ • How I Track My Finance...
CONTENT
00:00 Intro
01:55 Tracking Finances
02:02 1st Big change in our lives
04:41 Another Big change in our lives
06:03 Challenges with my and our net worth and planning our finances
MENTIONS
‪@GeraldOng‬'s Crypto.com Tips Video: • AVOID This HIDDEN Cryp...
REFFERAL CODES:
Brokerages:
- Moomoo: moomoo.com/en-sg/act/welcome?c...
- Tiger Brokers: www.tigerbrokers.com.sg/activ...
Crypto:
- Crypto.com: crypto.com/app/nowrealise or use referral code nowrealise - Get $25 once you complete your sign up and stake for a Ruby tier card.
Robo-advisors:
- Endowus: endowus.com/invite?code=CTKPU
ABOUT US
We are a millennial couple living in Singapore who wants to share about our realisation on life and happiness as we pursue our goals. We love to learn and love to eat. Recently we picked up a new skill that is to learn how to surf skate!
Follow and subscribe to us on:
- Medium: / nowrealise
- RU-vid: / @nowrealise
- Instagram: / nowrealise
🎵TRACKS
Daily (Prod. by Lukrembo)
Jeff Kaale - Pancakes.mp3
Milk Tea (밀크티) - 현재 진행형
Oneul - Moonlight's shining bright on us
Oneul - Ordinary Da
Rainey Park - Morning Dew
Disclosure: Some of the links on this page are affiliate links. We may earn a commission if you click through and make a purchase and/or subscribe.
Disclaimer: We are/I am not a financial professional or advisor. This video is a reflection of our/my investment journey. We're/I'm merely sharing my own point of view and learnings. Do not follow what we/I do, and always remember to conduct your own research and make smart decisions. If necessary, seek a licensed financial professional's advice to make the best financial decision that suits your own needs.

Опубликовано:

25 июл 2024

Ссылка:

Скачать:

Готовим ссылку...

Добавить в:

Мой плейлист

Посмотреть позже

Комментарии : 13

@NowRealise 2 года назад

Watch our next video: Why Property is NOT part of our investing strategy ➡️ ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-C8_9m4VaCwc.html How I Track My Finances And Net Worth ➡️ ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-alDl6LQ-9dk.html

@PENB_22 2 года назад

Thanks for sharing...

@NowRealise 2 года назад

Thanks for watching! Let us know if there are any topics that you'd like to see

@GeraldOng 2 года назад

Hey it's a good tip to export & use air table to sort your expenses for CRO, I didn't think of that. Just didn't bother tracking cause I got lazy there hahaha

@NowRealise 2 года назад

Me too was lazy but I think before my spending go wild, I’d better find a way to track it. Thanks for your awesome cro tips, wouldn’t have used cro as our main cards without learning about the fact that we can avoid the fees!

@GeraldOng 2 года назад

My pleasure to share what I've learned! Hope to see more of your vids around!

@justintan6043 2 года назад

To share, I have a individual & another joint account with my wife. We will put a fixed amount inside each month, and the joint is used for household items, movies, kids expenses etc. It's definitely a way to reduce conflict, and I continue to invest myself using my individual account. Even the bleak outline of the market, I'm certain that even if my portfolio continue to tank, it will not affect my family life, and similarly, continue to DCA every month. Hope this is helpful!

@NowRealise 2 года назад

If you are ok to share, wondering is there a % income that you decide to allocate to the joint account or is that is fix $ amount? What happens if one party earn more than the other?

@justintan6043 2 года назад

@@NowRealise it's fix comfortable amount from both each. I'm the higher earner than my wife, hence I will spend on a good meal with wife - not claimable from the joint account. Happy wife, happy life :)

@abcca1482 2 года назад

Probably best to have an individual & another joint account. Joint ac for savings towards common goal & for common expenses, individual ac for personal desire/financial goals. 😆

@NowRealise 2 года назад

hahaha yes!! personal desire account sounds good. I think thats what most couples manage their finances in SG.

@singaporefoodreview9591 2 года назад

Then for electricity bills just split first six months who, next six months who Or half every month I'm not sure if there is any benefit to combining (because each have different financial goals, investment style, difference lifestyle eg. Facial for ladies vs no facial for men, different eating habits, different salaries) We do consult each other on investment products, stocks, crypto (only she buys, I don't, because we have different risk profiles) before we purchase it. Other than investment, I think some "ME" time could really be benefitial to the relationship. So im not sure if u really want to report each facial u go to, and im not sure how your husband will feel reporting each purchase (or food he buys and eat). It can be kind of tedious. Especially since guys namely spend on mundane stuff / daily essentials. Like for me I only spend on slightly more expensive food and almost nothing else (so overall im still lower than my wife, but it could sound like a lot if I always tell her im eating expensive). I have 5 pairs of the same tshirt. Really low expenditure overall.

@singaporefoodreview9591 2 года назад

My wife and I have separate accounts and separate finances. Super no problem We have our own individual financial goals. I think like u said, if one party overspend as an example could lead to more problems