Reg flags: Financial planning in couples

Reg flags: Financial planning in couples Mid-day Online Mid-Day Lifestyle By Aakanksha Ahire Published Jan 03, 2024 [{ "selector": ".imaoe-a", "duration": "1000ms", "fill": "forwards", "keyframes": [ {"offset": 0, "transform": "translateX(-309px)", "opacity": "1"}, {"offset": 1, "transform": "translateX(0)", "opacity": "1"} ] }]

A major red flag is when the spending habits of partners vastly differ. If one is very frugal and the other loves to spend money, it can complicate things Photo Courtesy: iStock [{ "selector": ".imaoe-a", "duration": "1000ms", "fill": "forwards", "keyframes": [ {"offset": 0, "transform": "translateX(-309px)", "opacity": "1"}, {"offset": 1, "transform": "translateX(0)", "opacity": "1"} ] }]

If partners are both spendthrifts, then effective planning and execution of a budget could be challenging as each may need help to adhere to a cohesive plan Photo Courtesy: iStock [{ "selector": ".imaoe-a", "duration": "1000ms", "fill": "forwards", "keyframes": [ {"offset": 0, "transform": "translateX(-309px)", "opacity": "1"}, {"offset": 1, "transform": "translateX(0)", "opacity": "1"} ] }]

Further, sometimes, if socioeconomic backgrounds are vastly different, they influence partners’ spending habits and make it harder to bridge the gaps Photo Courtesy: iStock [{ "selector": ".imaoe-a", "duration": "1000ms", "fill": "forwards", "keyframes": [ {"offset": 0, "transform": "translateX(-309px)", "opacity": "1"}, {"offset": 1, "transform": "translateX(0)", "opacity": "1"} ] }]

YOU MAY ALSO LIKE

5 ways to deal with love bombing

5 signs of love bombing