7 Financial Conversations Every Indian Couple Needs Before Marriage

7. Planning for Emergencies

Life is unpredictable, and having a plan for financial emergencies is essential. Couples should discuss how they would handle unexpected expenses, such as medical emergencies or job loss. Establishing an emergency fund that covers at least six months of living expenses is a prudent step. This conversation should also cover the accessibility of these funds and the conditions under which they can be used. In the Indian context, where family support is often relied upon, it's important to discuss the role of family in financial emergencies. Planning for contingencies ensures that couples are prepared to face challenges together without financial strain.