That said, those decisions can change your financial situation, so it helps to be prepared.
Investopedia breaks down three decisions with huge impacts on your finances.
For example, heres what Investopedia suggests:
The person you marry will shape your finances for life.
Divorce can leave even the most frugal person broke, but simply staying married provides no guarantees, either.
Be sure you and your spouse share the same financial goals and attitudes.
Ask the obvious questions do you both want kids?
Do you both want to work?
Run your own business?
Answering these now can minimize problems later.
Similarly, it helps to lay the foundation if you decide to have children, too.
Having a child obviously means increased living expenses, but it may also mean losing income for a while.
Youll have to decide whether tostay at home or work and pay for childcare.
You want to prepare for the cost of college, too.
And you definitely want toknow your financial aid options.
Investopedia offers some additional insight in these areas, so check out the full post at the link below.
3 Decisions With Huge Impacts on Your Finances| Investopedia
Photo byJessica.
ping the author at[email protected].
