The Five Financial Mistakes Couples Make | Tech NEWS

Written by Tech NEWS

Topics: General

Snigdha Sandip

Before marriage we are like free birds eating and spending without any second thoughts. But after marriage we are forced to shoulder more responsibility and will be curious to maintain a good balance and will always hover over latest investment plans. Be smart and don’t always let the other person to plan. Here are some money mistakes that you should avoid in your married life.

1. No Proper Budgeting:
Numerous persons will not accept the fact that they are married and will spend as they used to spend before marriage. They won’t like being restricted to budget. They spend more than they earn. They hate being abounded and provide no importance to money savings. Only after spending half of their fortune, will they realize the value of savings. The biggest mistake couples often make is to go without a budget. Instead, they can spend within the limit of a budget and start saving a little friction of their salary to live a happier and safer life.

2. No Discussions about Finances:
Most couples spend their time talking about their personal and professional life. But talking about the financial management is also important. Many men feel inferior when they disclose money matters to their wives whom they think are not capable to understand all those “big things”. Don’t hesitate to ask her for guidance and it is the most crucial step to a smooth and secured financial life. Sit together and plan about the household costs and find out each of your contribution to it; how much credit card debt you have and how long it will take to pay back. By slowly increasing your savings you can buy vehicle, house and other assets. Don’t feel shy or egoistic in your dealings and be frank and open in discussing your money matters to your partner.

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