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month, you live like a beggar. This situation can be avoided, especially if you are planning your finances before getting married. I would recommend that both of you look at your earnings per month, subtract that with your budget and you will get your monthly surplus or extras. It would then be recommended that the couple look at saving opportunities available in the market, like "Save as you Earn" plans, which are available in selected local banks or put into insurance plans which helps individuals to save and at the same time be insured. One of the sure ways of saving that extra money could happen when you have a pay rise. Simply put away that sum of extra money straight away in that savings plan which you've planned together with your spouse is a sure way of saving that extra money here and there.

3) Loans
Too many times, people are caught up in loans, be it that car loan, housing loan, electrical appliances loan, renovation loan, the list goes on and on. First, you'll have to look at your finances and whether you are able to afford that loan arrangement. Don't jump into a loan installment, when at the end of the day, you are unable to carry on with the loan installment and end up having to work extra hard just to pay off your loan. I will recommend that both spouses relook into your finances and decide and ask yourself this question, if one of you were to lose your job, falls ill, etc. Will you still be able to support that loan installment and if the answer is yes, then go ahead.

There is a long list of finances question that one will have to deal with before getting married and I suggest that open communication between spouses is a must when you are talking about money issues here.

Learn more about this author, Pam Teck Keong.
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