Moneycontrol

Budget 2023Budget 2023

PARTNERS

  • Tata AIA Life Insurance
  • Hafele
  • Motilal Oswal
  • SMC Global Securities Limited
  • SBI Life
  • DSP Mutual Fund
Upcoming Event : LeapToUnicorn - mentoring, networking and fundraising for startups. Register now

Women’s day: Do not just leave your joint finances to your spouse. It's your money as well

Find out whether he is a spender or a saver and then come to the conclusion on the way forward

February 24, 2022 / 05:37 PM IST

It takes a lot to build a successful marriage. Most of us work towards harmonizing our hearts and minds. But we underestimate the role of money in marriage. Money may not be important, many of us claim. But joint finances are important, because in a marriage, both the spouses’ financial independence is equally important. It doesn’t really matter if just one or both are earnings members.

“Make sure you ascertain what his views on finances are. Find out whether he is a spender or a saver and then come to the conclusion on the way forward. You can discuss and figure out a mean, common path to managing your joint finances in future,” says Preeti Zende, Founder, ApnaDhan Financial Services. You should also be transparent about any loans that you may be repaying prior to marriage and insist on your would-be husband sharing similar information with you.

Also listen: Women should take charge of personal and household money matters  

Do you know where the money is?