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How to make money management planning for couples March 22 2023Indira Securities

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There are two types of couples. One who fight in the marriage till divorce or death make them apart. Other type is just like Virat Anushka or Narayan murthy Sudha murthy who pushes each other financially and morally to lead a happy life

As per a survey 35 to 40 percent divorces are due to money matters. 

Let’s not all be negative and try to find out how can we be the second type of couple

Money management is an essential aspect of any relationship, especially for couples. Here are some tips for managing money as a couple:

Be open and honest about your finances: Start by having an open and honest conversation about your financial situation. This includes your income, expenses, debt, and financial goals. Being transparent about your finances can help build trust and prevent any surprises down the line.

Create a joint budget: A joint budget can help you track your income and expenses as a couple. Work together to create a budget that includes your shared expenses, such as rent, utilities, groceries, and entertainment. Make sure to allocate funds for your individual expenses as well.

Decide on a system for sharing expenses: Decide on a system for sharing expenses that works for both of you. Some couples split everything 50/50, while others split expenses based on income. You can also consider setting up a joint account for shared expenses.

Set financial goals together: Setting financial goals together can help you work towards a shared vision for the future. This can include short-term goals, like paying off debt or saving for a vacation, as well as long-term goals, like buying a house or saving for retirement.

Communicate regularly: Regular communication is key to successful money management as a couple. Set aside time to review your budget and discuss any changes or challenges. Make sure to celebrate your financial milestones together, whether it's paying off debt or reaching a savings goal.

Remember, managing money as a couple requires teamwork and compromise. By working together, you can achieve your financial goals and build a strong foundation for your future together.


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