For many young couples, the problem of getting married and stabilizing a place to live always goes hand in hand with financial worries. According to Mr. Ngo Thanh Huan - Executive Director of FIDT Joint Stock Company (Investment Planning and Property Management), if they know how to plan properly, young people can completely proactively get married without being pressured by the house.
Here are specific suggestions to help young couples build a financial plan that is both realistic and sustainable:
1. Financial transparency from the beginning
Before living together, both should sit down and clearly share financial views: income level, personal debt, spending habits, savings and future priorities.
From this transparency, the preparation of a master plan can be effectively implemented.
2. Determining financial goals for each stage
There is no need to set a goal of buying a house right at wedding. Instead, divide the steps clearly:
- In the next 3 years: Clear image of married life, children, stable jobs.
- In the next 5 years: When accumulated income gradually improves, consider buying a house and choosing a long-term living area.
This thinking helps reduce pressure, while keeping financial plans close to reality.
3. Develop a clear 3- and 5-year plan
Sit at a table, together outline the roadmap for the next 3 and 5 years to visualize a common road.
From there, adjust the current spending level, allocate savings appropriately and flexibly in each stage.
4. Priority for renting if conditions do not allow
If you do not have enough finances to buy a house at the moment, do not try to force yourself.
Renting a house is a reasonable solution to start married life, while continuing to accumulate for the goal of owning real estate in the future.
