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Colours of Life

Money matters in a relationship
- By Shushant Agarwal

Eventually, money affects every part of a romantic relationship. Where you live, where you eat, where you vacation, where your kids go to school so on!Dealing with this touchy subject is very crucial in the current urbanised life.Speak about the future prospect and agree on some split of financial responsibilities, this is a good way to deal with the confusions that may come up later. Regardless of relative financial skill, both spouses must be involved in the finances - ideally as active participants, but at least to understand what the couple has, what's coming in, what's going out, and how savings are being invested. This way the blame game is avoided on a rainy day.


Whether you are enjoying a committed relationship or a single lifestyle, getting to the bottom of your bank book should be the top priority. Once you have figured out where you stand financially, they can begin to plan for whatever dreams lie ahead.

Both partners should be able to give an acceptable explanation for any financial problems and be able to honestly review the other's finances without condemnation or accusations. Any hidden secrets can be disastrous in the future.

Much like finding personal compatibility, couples can now find out how to create financial compatibility with a partner. Choose a partner who is a good match for your money personality; know each partner's spending and saving habits so that both can start making joint financial decisions that respect the wishes of both of you.

To create and sustain love, regardless of who makes the most money, you'll want to share your finances equally. Rather than mine and yours it should all belong to both of you.

As men and women are different, the balance of power should be complimentary, yet equal. In order to achieve this, both of you must become competent over time in all areas of your finances. To balance this out, you'll want to teach your partner what you know and you'll want to learn what your partner knows and vice versa.