English മലയാളം




Marriage is a milestone in one’s life. It also leads to changes in many habits of individuals. It is also reflected in financial transactions. Financial habits after marriage may not be the same as before marriage. Many preparations need to be made before marriage. It is also necessary in financial matters.

Your life partner’s debt may affect your future financial status. Therefore, spouses should disclose their assets and liabilities to each other. The repayment of the loan taken before marriage is not something that the husband or wife should keep as a secret from the other. The plan for your future life together can only be effective if you understand how much your current debt is. It is necessary to assess whether the existing debt will prevent you from buying a house or a car.

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Life partners need to decide how to manage bank accounts. It is up to the couple to decide whether to keep their pre-marital accounts separate or to have a joint account. When both parties have jobs and special salary accounts are required, it is sufficient to maintain those accounts. If both parties transfer a certain amount to a joint account every month, it can be used for purposes like home loan EMI.

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It is not uncommon for life partners to have different financial goals after marriage. But your partner needs to be convinced of that. For example, suppose you want to work as a freelancer and earn a living with a relatively small income. At the same time your life partner may have a little more desire. It may be that someone wants more income and better savings. If you like expensive long journeys and its pleasures, your life partner may be willing to make more money to achieve goals such as low cost and good housing. Such divergent financial interests can lead to differences of opinion between spouses.

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The habits of spending and earning money may vary according to the individual’s financial background. Differences in financial habits between spouses can lead to inconsistencies.

When one person tries to cheat on a particular thing, the other person may feel that he is wasting the money he is earning. In such cases, the two should discuss and try to reach that a healthy financial habit that is acceptable to both of them.