“Never spend your money before you have earned it.”
— Thomas Jefferson
Couples Financial Planning Services by Prime Finvest Services
Presented below are some startling facts about Indian couples and their financial aspects –
- Indian middle class on average spends INR 10 lakh upwards on wedding
- 74% of couples take on debt to pay for their wedding expenses
- Argument over money is one of the top causes of divorce
- Approximately 40% of all divorces are caused due to financial problems
In order to tackle couples finance related issues, here is a financial checklist –
- Calculate your joint income
- Set collective personal and financial goals as well as how to manage expenses
- Calculate individual assets and liabilities and how to consolidate them
- Get yourself adequately insured through term insurance, health insurance, life insurance
- Track expenses
- Build up an emergency fund
- Start investing early to cater to children education, retirement expenses etc.
- Remain debt free as far as possible
- Be financially aware and have trust in each other’s financial decisions
So, if you are planning to tie the knot or have already taken the saat pheras, get in touch with Prime Finvest Services for a “couples financial planning” session. Yes, it is quite tough for two individuals to have common financial goals, but with lot of planning and discipline, this should be achievable for you and save lot of heartburns as a couple.
Contact
Arnab Mitra
- Call Us: +91 98300 09885
- Whatsapp: +91 7604094166
- Mail Us:guidance@primefinvestservices.com