So you thought that love was all you would ever require to keep you sailing in a marriage. Well, love it or hate it, but finance plays a crucial role in your marriage. More than you would put the thought in the matter while getting married. When you plan on marrying someone, you need to take care of tiny details. And finance is the most important of all.
Now, whether you would be handling all the finances of a family or you and your partner would be bringing in an equal share of financial responsibility in a marriage, it’s important to keep things in perspective to avoid any chaos. That being said, a large chunk of marriage leads to an ugly path and the prime reason remains to be financed.
If you are looking for tips to manage the finance smoothly after your wedding, here are 3 effective tips for you.
1. Discuss everything beforehand.
Now, things are much clearer from a financial perspective when you have already been in love with your partner before marriage. That is to say, a love marriage partner usually has an idea of how things would work ahead financially after marriage. But, if are going ahead with arranging setup, it is important to discuss financial matters beforehand.
These days, women in India are putting forth their legs in sharing financial responsibilities after marriage. Hence, you need to get a clear understanding of how much would be a share of each partner, who would be taking care of rental payments, debts, and investments for the future. Financial matters when clear beforehand, don’t get in your way of marriage.
2. Spend but invest too.
The expenses are likely to increase after marriage. However, splurge but don’t overspend. Mutually discuss with your partner and start investing from the early start. Think of investing in policies where you could get benefits as a couple. Besides, it’s important to get clarity regarding investment decisions and their ownership, from beforehand.
3. Plan and budget.
If you don’t keep a tab on expenses, you would overspend before you could even realize. We suggest you plan your expenses and a budget so that you don’t end up penniless by the end. Discuss with your partner; even when both of you are financially independent. It is important to plan the budget together, always. You see, money saved is money earned. So, plan every expense.
Lastly, involve your better halves in financial decisions. Even when they seem least interested. This is very important for the safety of your money and to avoid any future grudges.
Well, financial matters; like marriage decisions require transparency. And the more transparent you are lesser are the chances of grudges afterward. At Cupid Knot, we believe in transparency and our matchmaking services speak of that in every ounce. Through our Jain matrimonial we offer individualized and confidential services to our clients without revealing their identities.
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