How Financially Compatible are You with Your Partner?

How-Financially-Compatible-are-you-with-Your-Partner

Marriage planning

India is surrounded by traditions and rituals. The marriage season never goes off. Talking about destination weddings or simple marriage ceremonies there is always a bar rising higher than before. 

It is said that marriage is not just a relation between two partners but the entire two families. What’s the main point we look into the partner? Mainly emotional compatibility, secondly understanding. Two individuals are said to be perfectly compatible when they understand each other in every aspect. Apart from emotional compatibility, it’s the financial compatibility that is seen. Financial compatibility helps the partners to live an accomplished life. Many of you think that financial compatibility means both partners have equal money, but it’s not the case. It means what perspective both have towards money and what is the importance of money for them.

Know what money makes to your partner:

Different people have a different value for money. Before getting married, you should know what attitude your partner keeps towards money. Lack of communication can create a sense of misunderstanding between you and your partner. Planning a wedding is not as easy as it seems to be, we can say that it’s a step by step plan. These plans reduce the burden as a whole.

These steps involve-

  1. Setting a budget
  2. The theme of your functions
  3. Preparing guest list
  4. Choosing venue
  5. Inviting the guest

And other small but essential things. Marriage is the most overwhelming activity for couples. The excitement and expectation are to the next level. Imagining a perfect wedding and making your imagination the reality needs a well-planned functioning.

Having a conversation around money with your partner:

When you both come to know each other’s views regarding money, make this topic a part of your regular conversation. The income and how you spend it and also how much you save and through what, these are some common talks that you may include in your common talking. 

Setting a budget includes income ratio and expenditure ratio. Expenses are necessary plus luxury too. Also, your investments will have a glance in your budget. Checking up the bank accounts will help in dealing with various such heads. Deciding a day every month where bank accounts can be checked. This will help in planning a further budget and will rectify if any issue arises.

Arrive at a common goal:

While going your own way of managing money and bank balance, maybe one person is not satisfied with the way of other person management of money. Both have to discuss and mutually agree on common terms, spending, and saving. In case you cannot come to a common and stable decision you can consult a financial advisor. The financial advisor will tell you every detail regarding every possible term and this will then help you to come to a common decision.

Make the other person accountable:

When both of you, you and your partner come upon a middle ground decision, it is important that you keep your partner accountable. Don’t make your partner feel like his/her opinion was not considered. Communication is the key to a healthy marriage life. It will ensure that you are on the right path.

Conclusion:

Financial compatibility plays an important role in couples. Don’t let financial incompatibility be the reason for issues in your relationship. All the above factors will help you to grow your financial compatibility and will help you in the present and future too.

Why Finance Planning is Necessary For Everyone

Why Finance Planning is Necessary For Everyone

Financial planning a need for today

Financial planning in simple term means to plan your money wealth for future. in  Today’s world when everything is so expensive, the expenses without planning becomes a burden. If you will not plan the amount of money and finance you are going to spend in future, then it is gonna be trouble for you. If you run a business and you have the huge amount of money for your company’s funding in that case it is very necessary to hire a financial planner. There are many Certified Financial planner.

If you are a person who works in a company or have a job then too it is very important to do financial management and money planning. You can Invest your hard earned money in several Investment plans according to your amount and suitability. You can invest money in mutual funds, SIP mutual Fund investment, Bonds, Fixed Deposits. You can secure your future as well as your family and children’s future by taking Insurance policies.

Planning and investing your money can also be useful in saving the amount of taxes. There is a rebate in paying tax when you invest your money. So investment saves your money in many ways.

Financial planning should be started by everyone in early age. The more early you will plan your finance and start investing, the more benefit you will get in your future. Planning of finance gives you a security and leads you to live a better livelihood. It can give you to live your life more freely without worries of the changing financial situations. Financial planning also gives you a protection against any adversary.

You can contact best Financial Advisory firms in Delhi to plan your financial decisions. There are many Wealth Management Companies in Delhi NCR which provides many financial solutions. VSRK Wealth is the Fastest Growing Financial Services in Delhi. Which provides best financial products for all type investors. So start planning your Finance now.

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