Managing personal finances has taken to a whole new level when you have a better half in the picture. Household bills, giving allowances to parents and other financial decisions all have to be discussed carefully, and that can be difficult at times. To help us get a better understanding of the different kinds of challenges new couples may face, we asked three young Singaporeans to share financial planning challenges that they and their spouses have had to manage.
Here are some key takeaways:
#1 Keep a buffer fund
#2 Spend within your means
#3 Consider how to grow your money
#4 Find a balance between today and tomorrow’s needs
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Bonds and Fixed Income