Bankrupted by Marriage
Recently, there was an advertisement that was talking about easy loans available at, I think the Post Office. In this advert, the male lead was undecided whether to say the word “I do” at his marriage, because he has not enough cash for marriage. This trigger some thought in me.
Does it mean it would be easier for people to get married now? I mean in Singapore, getting married is a burning affair, to the government because of the falling birth rate and to the new couple because it will burn a whole into the pockets. Why do I say so? Getting married needs a lot of time and money for planning, making wedding photos special album, dinner, transport, cultural stuff and many more. Assuming you break even for your wedding dinner, which is not often the case, you still have the housing loan to contend with. So all in all, it would take more than a few ten thousands of dollars for marriage. I was wondering can people get married so early if they are going to save for this and pay for that! How can the government expect people to get married when young.
So now with this loan, does it mean people can get married easily and early now? What would be the implications? I cannot imagine a scenario next time if I met a friend who told me he was bankrupted because he took out a loan for marriage. That would be a big joke. But I think at least the burden of would be shared out by the couple and not by the groom of course. (Note: that does not mean I am stingy hor. Haha!)
Ok ok! I left out the most important thing. The easy credit you can take out from this loan, that is advertised, is four times monthly salary. So unless someone is filthy rich, so that four times of his monthly salary is able to cover the marriage costs, there is no way one could be bankrupted by marriage. At the end of the day, careful spending is still important here but, guys treat the girls well. I know in this day and age, wedding for many people may not be a once in a lifetime thing. But guys should make their special partner as beautiful as the budget allow because you must know you are the one and only (hopefully) who make her special and most beautiful on that day, so the more beautiful she is, the more it reflect well on you.
Cheers!
Does it mean it would be easier for people to get married now? I mean in Singapore, getting married is a burning affair, to the government because of the falling birth rate and to the new couple because it will burn a whole into the pockets. Why do I say so? Getting married needs a lot of time and money for planning, making wedding photos special album, dinner, transport, cultural stuff and many more. Assuming you break even for your wedding dinner, which is not often the case, you still have the housing loan to contend with. So all in all, it would take more than a few ten thousands of dollars for marriage. I was wondering can people get married so early if they are going to save for this and pay for that! How can the government expect people to get married when young.
So now with this loan, does it mean people can get married easily and early now? What would be the implications? I cannot imagine a scenario next time if I met a friend who told me he was bankrupted because he took out a loan for marriage. That would be a big joke. But I think at least the burden of would be shared out by the couple and not by the groom of course. (Note: that does not mean I am stingy hor. Haha!)
Ok ok! I left out the most important thing. The easy credit you can take out from this loan, that is advertised, is four times monthly salary. So unless someone is filthy rich, so that four times of his monthly salary is able to cover the marriage costs, there is no way one could be bankrupted by marriage. At the end of the day, careful spending is still important here but, guys treat the girls well. I know in this day and age, wedding for many people may not be a once in a lifetime thing. But guys should make their special partner as beautiful as the budget allow because you must know you are the one and only (hopefully) who make her special and most beautiful on that day, so the more beautiful she is, the more it reflect well on you.
Cheers!
posted by Strategist at 1:18 PM
2 Comments:
the wedding dinner is just the beginning...if you re planning to have kids, then u need to save up for your kids future....medical and educational fees, insurances.....and the list goes on and on...
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regards,
LMF
Hello,
Is that my good fren who commented? Hihi. Was trying to contact you. You got my mail? Haha. You are right, my fren. It takes a lifetime to learn and manage ones wealth because each of us has our own unique happenings in life and these happenings also tend to shape our opinion on wealth and financial planning.
I personally think the world has a lot to offer and I want to save up to go to China for a San Guo Trip! Hahaha! Let me know if you are interested as well. :)
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