raaman
Valued Contributor
Keys to financial management as a couple.
Moments of abundance and moments of scarcity, on the other hand, are essential. While moments of abundance are ideal for achieving the family goals, moments of scarcity restrict the desired lifestyles and force each member of the group to make sacrifices in order to overcome the situation together.
All couples make different agreements about managing their finances and they are all valid too, as long as they are clear. Some couples contribute 50-50, while others split the expenses depending on each person's income. Others decide that whoever earns more assumes the entire expenses. There is no magic formula for this. However, according to financial experts, the most important thing is to be honest.
Moments of abundance and moments of scarcity, on the other hand, are essential. While moments of abundance are ideal for achieving the family goals, moments of scarcity restrict the desired lifestyles and force each member of the group to make sacrifices in order to overcome the situation together.
All couples make different agreements about managing their finances and they are all valid too, as long as they are clear. Some couples contribute 50-50, while others split the expenses depending on each person's income. Others decide that whoever earns more assumes the entire expenses. There is no magic formula for this. However, according to financial experts, the most important thing is to be honest.