Couple-Finance

Let's have financial conversations to have with your partner . Read here

Married couples (To Do List) : Read more here

1. Dear Couple, talk about money. :
   a) The transparent discussion strengthens the trust between the two of you.  
   b) sync on your income, spending and investments 

2. Get the correct documentation in place.

a) ensure that your spouse’s name appears as nominees or beneficiaries in all your financial documents
                        b) create a well-defined index and keep all documents at a mutually agreed fireproof place
                        c) If the documents are virtual, they should be stored in a common folder and shared with each other.

3. Do regular reviews and updates.
                           a) Your income, spending, investments will change over time too. Review of what do you own & what do you own
     b) Any new information regarding your finances should be reviewed and discussed.
         c) You should also divide your financial responsibilities (Investment tracking, Paying Bills, Expense tracking, etc.)

4. Invest in each other’s financial education.
                           a) Invest time in learning financial education &  financial planning 
   b) Basics of money, banking, budgeting, various investment options, how to do online transactions, using credit cards, etc.
   c) Discuss the way a portfolio is built and maintained.
                           d) Discuss how to choose stocks, mutual funds, or any other investment instruments for a portfolio.
                           e) If you have grown up kids, involve them as well. That’s the best foundation they would have on the subject of money.
   This is important to prepare each other to deal with any emergencies that might come up in the future.

5. Bring a financial advisor on board.
   a) Professional approach from financial advisor can help you take better financial decisions.
                           b) He can educate and understand the implications, pros and cons, based on which you can take a much more informed decision. 

Parenting to raise financially smart children.

• Simple living

• Setting Financial Priorities

• Goal Oriented : Saving

• Rewards 

• Banking

• Financial Learning : real life examples of financial instruments