Just married? Here are five financial tips for you Below are five simple tips that all newly married people should follow in order to ensure a financially secure and stable future. 1. All cards on the table: The first thing both partners should do is disclose everything about their earnings and expenses. Tell each other your exact income, loan installments if you have one, savings, deposits, investments etc. This will help you have a clear idea of total income and total expense. 2. Budgeting: Both the partners should sit together and prepare a monthly budget. You should take into account all the necessary expenses. Start noting down all your monthly expenses so that you can know which one is necessary and which is discretionary. This will help you understand cash outflow in the household. 3. Goals: Discuss short term and long term goals with each other. Map out all your goals like buying a car, buying a flat, planning a baby, children education etc. If you have all these ...
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