Marriage is an important turning point in life, in which 2 people intend to spend their lives together. However, many couples face a shortage of money immediately after marriage. If the financial condition worsens immediately after marriage, then one may have to face a lot of tension and embarrassment. Let us know what are the main reasons behind this.

Reasons for the shortage of money after marriage

1. Pressure of wedding expenses

Nowadays, there is a huge expenditure on marriage ceremonies, in which wedding preparations, such as venue, clothes, jewelry, catering, photography, and other expenses, can greatly affect the budget of couples. Often married couples use savings or take loans to meet these expenses. After marriage, it becomes difficult to compensate for these expenses, which leads to a shortage of money.

2. New house and setup

After marriage, the cost of setting up a new house also increases. Furniture, gadgets, and other necessary things have to be bought for the new house. Apart from this, a lot of money is also needed for the decoration and renovation of the new house. This new setup can also increase financial pressure.

3. Honeymoon expenses
The trend of going on a honeymoon after marriage is common, for which the cost of hotels, flights, and other activities can also affect the financial condition of the couples. The extra expenses taken to enjoy the honeymoon can often spoil the budget.

4. Lack of financial planning
Before marriage, couples do a lot of planning for their haldi ceremony, wedding day, marriage ceremony, reception, and guests, but often miss out on financial planning, which hits them a lot after marriage.

5. Burden of responsibilities
After marriage, the responsibilities of the family increase, especially for the person who leads the house, it becomes difficult to handle the situation. Then due to financial pressure, the mental condition of the person can deteriorate.

How to manage budget after marriage

1. Make a financial plan

Make a solid financial plan for pre- and post-marriage expenses. Set a budget and avoid unnecessary expenses.

2. Savings and investment

Make a plan for regular savings and investments after marriage. This will make it easier to deal with future expenses.

3. Avoid taking loans

Control wedding expenses and avoid loans. If taking a loan is a compulsion, then plan its repayment.

4. Management of income of both

Manage the income of both properly and share financial responsibilities. This will reduce the shortage of money.

5. Emergency fund

Keep an emergency fund ready so that sudden expenses can be faced.

(PC: Freepik)