Most couples end up discussing all personal matters but money. But given that disagreements over managing finances can turn out to be a big stumbling block, it’s best to have these discussions sooner rather than later. In a conversation with Moneycontrol, Pratibha Girish, a Certified Financial Planner and Founder, Finwise Personal Finance Solutions explains why it’s important for couples to be clear on how they plan to manage money together. Listen in
From splitting expenses equally, to one partner taking charge of expenses while the other takes care of investments, there are many ways for couples to manage their finances jointly. A harmonious approach, coupled with an understanding reached soon after a couple weds, can result in a frictionless life together.
Increasingly, many young couples are moving away from ostentatious weddings to carefully planning the ceremony on a decent budget entirely footed by them. These couples don’t want to burden their parents. It is still a small number of couples, but it’s growing
Girish Ganaraj, a Mumbai-based mutual fund distributor, recommends a diversified investment portfolio as per financial goals and risk appetite. In the growing trend of following influencers for investing, he advises not to seek quick fixes through them.
Although there are many such financial investments available, not all would suit your risk profile and requirements. Investing in the wrong instrument just to save on taxes is like boarding a wrong train