News Which do you prioritize, education funding or retirement funding? Points for reviewing the household budget of a couple in their 40s

Which do you prioritize, education funds or retirement funds? Points for reviewing the household budget of a couple in their 40s

When both husband and wife are in their 40s, they may be wondering if they can manage their retirement life with only a public pension. Higher incomes tend to raise the standard of living, and some households may not be able to save well. Preparing funds for children's education is also a headache. Should couples in their 40s prioritize education funds or retirement funds when considering their household budget? This time, I would like to introduce the points for reviewing the household budget of a couple in their 40s.

Be careful not to spend too much on education

It is important to set a budget in advance for the cost of your child each month. Since we sometimes buy daily necessities for children, let's clarify "how much can we spend each month" per child. Many people may think of tuition fees when it comes to education fees. However, in addition to tuition fees, you need to anticipate the following expenses. ● School supplies costs ● Physical education supplies costs ● Musical instrument purchase costs ● Experimental training material costs ● Club activity costs ● School expenses ● School travel costs ● Lunch costs ● Cram school / tutor and home study costs ● Lesson costs Looking at the items in, the cost of children can be higher than expected. If it is "for children", you will spend too much on education, so try to spend within the budget. By submitting the "certification invoice" to the municipality, the "child allowance" is paid monthly until graduating from junior high school. If you save this child allowance, it will become a part of the educational funds when you go to a vocational school or university, and you can reduce the burden of saving yourself. The total amount of payment will vary depending on the month of birth, but it will be a large amount of about 2 million yen, so make sure to secure it so that it can be used as part of the education fund.

Married couples with different ages and couples with advanced maternal age should prepare for retirement funds as soon as possible.

If you are a married couple in their 40s or have an advanced maternal age, start preparing not only education funds but also retirement funds early. One thing to watch out for when you are a married couple of different ages is when you are dependent. For example, suppose her husband is 65 years old and his wife is 55 years old, 10 years younger. A 55-year-old wife is obliged to enroll in the national pension until she is 60, and she is not eligible for pension support. This means that if she was a dependent of her husband, she would have to pay a national pension premium that she did not have to pay. For couples with advanced maternal age, life events may be delayed and education costs may be incurred until retirement. It is important to note that if you continue to pay for your monthly education expenses without budgeting, you may end up in a pension life without saving your retirement funds. Let's not only keep working for as long as possible, but also create a life plan and live while being aware of the transition of savings for each life event.