Getting married is not a trivial matter.No wonder all the money accumulated in a lifetime is spent on a single wedding day.However, in the past the entire burden of marriage fell on the parents but now the youth are reaching the level of carrying the burden.
Today’s youth are able to stand on their own two feet financially by pursuing higher education and getting jobs in big companies.Experts suggest that young people at this moment can raise money for their weddings themselves.It is advisable to save some money for marriage as soon as you get a job that offers good salaries.
Usually weddings can cost 1.5 or 2 times the annual income.No need to spend more than that.In particular, you should set a budget for each month.Do not spend more than you can afford.Raising a lot of money means investing risk-free.
However a short or long term investment should be made depending on the time it takes to get married.All expenses are gone and the rest is for marriage, save for your parents’ retirement.
It is also important to be careful that the costs of post-wedding excursions do not fall on your parents.First of all, pay off existing debts so that there is no burden on the parents.
After marriage, all the expenses increase along with the responsibilities.Therefore, it is better to set up an insurance and emergency fund.
If you have to set up a new family in a new house after marriage.You have to buy all the household items.
That is why it is good to save enough money for these too.By doing so your parents will not have to spend hidden money for your wedding.You can make them happy by paying your wedding expenses yourself.telugu,telugu channel,financial planning in telugu,how to save money in telugu,financial planning for beginners,indianmoney telugu,money management for beginners,financial management,how to do financial planning,financial planning and analysis,financial planning career,financial planning for marriage,marriage financial planning,financial tips for your 20s,financial tips for 20 year olds,fianncial tips,how to save money with low income,how to save money fast #FinancialTips #MarriageFinance #FinancialPlanning
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