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This article provides practical and effective tips for managing finances with a spouse or partner. It covers topics such as setting financial goals, creating a budget, communicating about money, and dividing financial responsibilities, to help couples achieve financial stability and harmony in their relationship.
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Make A Budget Decide your budget related to fixed and variable expenses.
Prioritise Your Expenses Prepare a list of expenses you want to pay off first. PAGE NUMBER
Open Joint Account • Park a portion of your earnings in a joint account meant for common expenses.
Refrain From Using Credit Cards Keep your utilisation below 30%.
Split Expenses Always split your monthly bills proportionate to your income.
Consider Investment Invest in mutual funds and other schemes.
Maintain Emergency reserve • Keep your funds intact to deal with the financial crisis.
Get Insurance • Get health and life insurance to cover any unexpected events.
Splitting your expenses with your spouse makes managing them easier.
Thanks Would Love to hear from you. Hero FinCorp Limited 09, Basant Lok, Vasant Vihar, New Delhi - 110057 Tel: 18001024145 Email:customer.care@herofincorp.com Website: https://www.herofincorp.com/ Know more:- Use these tips to manage your finances with your spouse