7 Financial Conversations Every Indian Couple Needs Before Marriage

4. Budgeting and Expense Management

Creating a budget is an essential tool for managing finances effectively. Couples should discuss their approach to budgeting, including how expenses will be divided and managed. This conversation should cover daily expenses, discretionary spending, and savings. It's important to decide whether to maintain joint accounts, separate accounts, or a combination of both. In India, where traditional roles may influence financial management, it's crucial to ensure that both partners have equal say in budgeting decisions. By establishing a clear budget, couples can avoid misunderstandings and ensure that their financial resources are allocated efficiently.