Good Communication-The key to Financial Compatibility
We know that working on a household budget isn’t exactly your idea of spending a romantic evening but it is one of the keys to a happy and peaceful married life. Paying off the credit card bill every month on or before the due date wasn’t a part of your marriage vows but it can surely strengthen your relationship in more than one way. Partners who ignore or avoid discussing financial matters with each other often find their financial life in disarray. It is important to educate each other about things like personal loan interest rates , tax rebates, new savings instruments in the market etc. to maintain the financial health of the family. There should be enough clarity on who is supposed to do what. For example, paying the monthly electricity bill, keeping tabs on the bank debits and credits or paying health insurance premiums etc. Involvement of both partners in financial matters Most financial experts agree about the fact that both partners should be completely clued on to the fi