What You Shouldn’t Miss about Your Partner’s Finances!
“To conceal anything from those to whom I am attached, is not in my nature. I can never close my lips where I have opened my heart.” ― Charles Dickens
Each one of you, somewhere deep down your heart nurture a desire of a love alliance from the very moment you understand what love is. Even if you are a practical kind of person, settling down is an innate desire. Exceptions aside! But marriage is not just about a complementing couple, a perfect trousseau, a luxe wedding locale and a plush honeymoon suite! Apart from the lives getting entwined, what else is at stake is your soon-to-be-married financial status. While the gen-next couples bare their heart and soul to their partners, discussing finances is still a taboo!
If you are planning to share the lives, room and even the toothbrush with that special someone, then what’s the heck about opening up on money matters. Just shed your inhibitions and explore the must-know financial facts about your prospective partner, so that there are no unpleasant surprises waiting for you down the aisle.
1. Earnings
“Show me the money” Scary the words may sound, but the practical implication is what they strongly hold. These quintessential words may have a decisive effect on the course of a relationship. Apart from love and social ranking, economic security is expected out of marriage. With that, you’ll be having a clear picture of the luxuries that can be afforded as the couple. While you need not know the exact figures that your partner is bringing home, you must dig out on the following two points:
. Job Stability - Imagine your partner being a rock singer with scores of contracts in the kitty right now, but what if this phase fades!
. Income Regularity – Fetching sums can’t be a temporary phase. Even if your partner is on a seasonal job, there must be a plan.
2. Money Habitudes
What are his/her money habitudes? Discover whether your partner is a “Spend-It-All” type person or a “Penny-Pincher” or in case you are lucky, a “Rational” being. This will be an indicator of what to expect vis-a-vis financial management, in case you two get hitched.
3. Liability
“Time to unveil the deep and dark secrets” In a marriage, there is no mine and yours. Everything becomes ours; even the mighty education loans, home loans or car loans! To save yourself from the shocking disclosures and letting the debt issues plague your marital bliss, have an open talk beforehand. There is no shying away from the liability matters as well. You must know what they owe.
4. Savings and Investments
“Living the moment” As fascinating as these words sound, it’s always better to live and spend with the future in the mind. Then you not only will have a happy beginning but also the fabulous middle and the end.
Communicate with your soon-to-be better half, about their short vacation plans to the lifetime plans; say raising the kids or retirement maybe! Relationships strengthen with the investment of love, time and even money.
5. Dependents
Not something to fret about, but surely you must be aware of the people monetarily dependent upon your mate, it may be family, friends or anybody else!
There is no denying that the economic factors affect the quality of a relationship. It’s time we accept the truth and get more open-minded in discussing the financial matters with our prospective better-halves. Transparency in these matters channels the forces of economics to the right path, thereby conquering hardest of the battles in a relationship.
About the Author
Pragya Sharma, a dutiful daughter and a caring mother, has seen the ebbs and flows of relationships. In her write ups, she touches issues related to the institution of marriage, addressing concerns of those in pursuit of life partners and a happy married life. Her observations, inferences and suggestions, as a matrimonial matchmaker, do influence decisions.
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