asked 3.6k views
2 votes
How do age, marital status, household size, employment situation and other personal factors affect financial planning?

1 Answer

4 votes
Positive financial traits that could be achieved through marriage could make more room in your financial planning.
Examples of these are:
- two sources of income
- Various deductibles for married couple


But, if one part of the couple do not contribute to the financial budget, it could actually become a burden in your financial planning. Especially if you had large household size.
As for age, the younger you are , the more chances you have if you make a mistake and start everything from scratch
answered
User Akinyele
by
8.5k points
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