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Importance of financial planning in the life of newly Married couple

The festival season on now. During this season, many people begin their married life. Soon the honeymoon is over, and they come to grips with their financial responsibilities. Here is where financial planning comes in handy:

– Be transparent with your spouse – please share personal financial data with life partners. If both of you are working then it is necessary to share salary , investments, assets etc.

Importance of financial planning in the life of newly Married couple

Source

– Open joint account for expenditure- in joint account you can keep monthly expense and savings in the joint account. With this account you can apply for loan from bank and finance company and you will get good limit from bank and finance company.

– Keep your paperwork update.

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