Love a dreamy royal wedding? So do we. But we may not be hearing royal wedding bells ringing in Japan any time soon because Crown Prince Akishino recently said at a news conference that he doesn’t know if his daughter, Princess Mako, will still be going ahead with her plans to marry her boyfriend, Kei Komuro.

“I have not heard from my daughter about it, so I do not know how things are at this stage and what she thinks about it,” he told reporters.

It is said that the young couple are putting off their wedding plans because Komuro’s family is involved in a financial dispute, and the crown prince had asked Komuro’s family to resolve those issues before going ahead with the wedding.

“If (their marriage) cannot be celebrated by many people, we cannot hold the betrothal ceremony,” he said.

Money can definitely make a break a couple. Read on to find out more about whether you’re financially ready to get married.

Here’s a couple reality checks about getting married:

  • Marriage does not always equate to “happily ever after.”
  • One of the biggest reasons couples break up or marriages end, is money.

While external circumstances might make it hard to control #1, it is possible to work on #2. While we’re all big fans of love and romance here at CLEO, it’s important to remember the practical side of marriage, and a lot of that has to do with money.

In fact, money — mainly how you and your partner manage it — can be instrumental in having a healthy and happy marriage. And it’s important to think of a few key issues before you tie the knot. Here are five ways you should be able to deal with money, before either of you wants to put a ring on it.

 

1. You can manage and commit to your own financial plan.

Before working with a partner on your joint finances, you must be able to handle your own first.

Having a partner for life means trying to ease each other';s burdens or difficulties (after all, in sickness and in health right?). At the very least, you must be able to stick with your budget for fixed expenses, have a separate fund for your investments, support another fund for lifestyle upgrades, pump up a fund for your taxes, and maintain your own fun fund.

You can even teach your partner to set up his own financial plan.

 

2. You don’t mind sharing expenses with another person.

Truth be told, there are individuals who are just not comfortable with sharing expenses with another person. Not everyone is comfortable having another person pay half the bill, especially on something only you might benefit from.

There are many reasons for this, ranging from distrust to just plain pride but you'll have to discuss these feelings before talking marriage as situations where this becomes important are sure to come up.

 

3. You don’t let money become the binding force of your relationship.

There are many cases where married couples separate because of money issues. It can be due to budget mismanagement, secret debt issues, lack of income from one person or both, or more financial responsibilities, perhaps due to the extended family.

In marriage, you must be prepared to accept and share your partner's burden. At the very least it's good to be able to help talk him through the problems he might be facing. At the end of the day, the relationship is more important than the money.

 

4. You can trust your loved one with your money, no hesitations.

Are you comfortable with letting another person handle money? Because in a marriage, there are bound to be times when you will have to be comfortable with it, especially if you feel you might have money management issues yourself.

If you are an impulsive buyer or have no patience in finding the cheapest quality products around, it would be good to share your concerns with your partner, two heads on the problem is better than one right?

 

5. You plan your finances with your partner in line with your goals as a couple.

If you want to have a lasting married life, you and your partner will have to grow together. People change, and the worst thing that can happen to a couple is to grow separately to the point that you two won’t recognize each other anymore.

Growing together is a choice, and a part of that choice is planning where to spend your money as a couple. This is a must if you want to avoid bad financial mistakes. You two must be able to support both individual goals and prioritize couple goals since getting married means acting as one unit with one life and same life goals.

If you and your partner are planning to settle down, this would be a good checklist for you.  There will be times that you will feel you cannot even enjoy the fruit of your own hard work.

However, a lasting marriage requires discipline and trust. Being disciplined about money together and trusting each other about decisions regarding your finances as a couple will be one of the key foundations of your dream married life.


Text: Anna V. Haotanto/ The New Savvy
Additional reporting: Karen Fong
Images: Envato Elements

This article was first published in Cleo Singapore.

Loading...