Valentine's Day: 6 key tips for couples seeking sustainable wealth creation
It is the month of February, and Valentine’s Day is here. It is time to celebrate togetherness. While celebrating togetherness in love, relationships, vacationing, etc., is important, it is equally important in other aspects of life. Some of these include health, career, and, of course, financial planning. This Valentine's Day, don't restrict the celebration to a romantic dinner, movie, or romantic getaway for spending quality time with your better half. Take some time out to discuss financial planning and build financial resilience as a couple.
Social media romance aside, real couple goals are when people build a life together by discussing, planning and implementing ways to be financially free by meeting their financial goals.
Foundations of solid relationships are built over a structured, planned and well-executed financial plan.
Life will have its ups and downs, planning for tough times, having an emergency fund, and investing for a brighter future in good times will ensure that love and bonding can continue in abundance.
Let this Valentine's Day be a perfect opportunity for you and your spouse to build financial resilience together.
While doing financial planning as a couple, some of the steps you may take together include the following.
Consolidation of household income and expenses: Joint financial planning allows the consolidation of household income and expenses through a common family budget. The family budget can include all income sources for the couple, such as salary, business income, rent, dividend, interest, and any other income. Similarly, the couple can discuss all personal and family expenses and list them in the budget.
You can open a joint bank account, and both partners can transfer their share of
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