ECONOMICS OF MARRIAGE

I solemnized/officiated a great number of weddings when I am still practicing my vocation as a pastor. 

I heard a lot of sermons and messages but seldom touch the economics of marriage.

Almost every day there are couples who are so committed to each other that they wanted to tie the knot. 

But I had also witness that some of them only lasted for a couple of years, months and worst just for few weeks.

One of the undeniable culprits of marriage breakdown is money matters or finances. 

Ideally couples must make a commitment to jointly work on their financial plans and expenses while they are still engage.

Marriage is a joint venture between husband and wife. Money and finances is a family matter. 

A couples failed to plan and handle their finances is always on the brink of break up and separation.

Here is a key money question for marrying couples. WHAT IS THE NET WORTH OF EACH OF YOU? 

List all your personal assets (cash, savings, house, real estate, cars, jewelleries, etc.). 

Then deduct from this list all that you owe it maybe loans and debts from banks or someone. What is left is your net worth.

The next thing you do is how willing both of you wanted to combine your assets and liabilities.

If all the couples prior to their marriage think this way, I believe 85% of their problems will be solved. 

Survey said that the 85% of marital problems is money related problems.

Marriage is like any business start-up as it is critical that cash flow will support the short and medium term goals.

I must admit this is one of the major causes of my marriage breakdown. I don’t want this thing to happen to you.

The economics of marriage must be properly put in place.

Practical advises on the economics of marriage will be tackled next. Watch for it!