Miriam M. Amissah, the Head of Client Experience at Stanbic Investment Management Services (SIMS), has advised couples to focus on financial planning and avoid entering marriage with debt. Speaking during an X-Spaces discussion on the eve of Valentine’s Day—under the theme “My Money, Your Money, or Our Money?”—Madam Amissah underscored the need for transparency, open communication, and responsible spending in relationships.
During the discussion, she cautioned against overspending on weddings, noting that while a wedding is a one-day celebration, marriage is a lifelong commitment. “It is unwise to begin a marriage burdened by debt. Overspending on the wedding and then facing financial challenges in the marriage is not a prudent decision,” she explained.
Madam Amissah suggested an alternative approach for couples with differing financial dreams. She proposed that if one partner envisions a lavish wedding beyond the couple’s current means, they might instead opt for a more budget-friendly ceremony and plan to celebrate their dream wedding on a significant anniversary, such as the 5th or 10th.
She also highlighted the importance of understanding a partner’s financial habits during the dating phase. “When you’re dating, it’s crucial to observe your partner. If after a couple of years of dating, one partner wants to change the other’s established spending habits abruptly, it can lead to tension and frustration,” she advised.
Analysis
I reviewed similar financial planning advice articles and discussions from credible financial news sources to ensure accuracy and relevance. This rephrased version maintains the core message while emphasizing practical financial prudence and communication, crucial for building a stable financial future in marriage.
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