21 Oct '11, 9pm

How to manage your money as a young couple

We often joke that the standard way for a Singaporean man to propose to a woman is to ask if she would like to apply for an HDB flat with him. Funny and unromantic as it may be, many miss the gravity of the situation. When it comes to buying a home, many will have to rely on a housing loan to finance their purchase and, often, this could be the largest financial commitment of their lives. Coupled with other financial considerations after marriage, it is no wonder that many marital conflicts often involve money. Hence, it is important for a young couple to plan well for their financial obligations. Attitude towards money To ensure your financial union has a sound foundation, start by getting to know your partner's attitude towards money. While this may be an uncomfortable topic to bring up, it is critical to know each other's spending habits and financial goals. Have a clea...

Full article: http://www.todayonline.com/Commentary/EDC111022-0000147/M...

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