Couples Urged to Avoid Marriage Debt, Emphasize Financial Planning

Miriam M. Amissah, Head of Client Experience at Stanbic Investment Management Services, emphasized the importance of financial planning for couples during a recent discussion. She warned against starting marriages with debt, highlighting that financial struggles can strain relationships. Rather than overspending on weddings, she suggested that couples align their wedding plans with their budget and consider celebrating significant milestones later. Amissah also stressed the necessity of understanding a partner's financial habits during the dating phase to prevent future conflicts over money. Meanwhile, financial expert Suze Orman advised maintaining financial independence by keeping individual accounts, which can prevent complications if unexpected issues arise in the marriage. Orman noted that this approach allows each partner to retain control over their finances, thus reducing the risk of mismanagement and legal challenges if the relationship ends.