March 2019
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Yes, love is important but money to
plays a big role in making your married life happy and successful. If
you have recently got married then you may not agree with us saying that
money can be a big cause of stress in your relationship. You may know
everything about your partner but what about the finances? Do you have
that communication gap around your finances? It is important to
understand that you need to communicate with your partner about finances
or this lack of communication can lead to bitterness in your
relationship.
Here are tips that will help you maintain the right financial balance with your partner after marriage:
1. You need to be
very clear about financial matters. Everything needs to be transparent
when it comes to finances, from your assets to salary to debts. A lot of
reports suggest that many partners don't even know how much their
partner earns. Make sure that you know everything about each other,
including your finances.
2. We talk about
equality and none of the partners should miss on contributing equally if
they both are working. You must contribute to your common household
expenses. This will maintain a financial balance between you two without
creating a burden on just one person. Don't Miss Avoid These Tax Saving
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3. When it comes
to making a financial decision, make sure you discuss it with your
partner. Even if it is a small expense, ensure that your partner knows
about it. This is a great step as it will also prevent you from making
any wrong financial decisions.
4. Give each other
financial independence. There is no harm in maintaining your own
savings. Keep in mind that you and your partner can have personal
financial requirements and you should have all the freedom to plan for
it. Yes, do discuss it with your partner. Also, you can have a separate
account if you are saving for your retirement plan.
5. You two should
have an emergency fund. An unexpected expense, some illness, a home
repair or even losing your job, there can be an emergency and you will
need funds for it. Make sure you take out a big amount from your every
month salary for an emergency. Keep this amount safe with you in cash.
You don’t want to go in debt and
still enjoy your life to the fullest! For the same, you need to have a
serious discussion with your partner. Discuss your expenses, savings and
then design a budget for the month.
Read More Women of Thane - Manage your Finances Visit Thaneweb For More Information
Source: www.msn.com
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