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Manage your money and expenses in Marriage!

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Old 07-18-2012
Kiran
 
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Podcast Manage your money and expenses in Marriage!

Manage your money and expenses in Marriage!



Marriage when combined with money becomes the trickiest job to handle but if you know how to play safe and balance both then it’s actually a cakewalk. Ego arise as both partners are financially independent and thus both think that its other’s call to take the charge. Paying bills and rents and still availing luxuries of life never comes so easy. Let’s have a look at some tips how you can manage both:

1. 50-50 option: Splitting the bills and expenses needs some rules to be formed in advance; the first option comes with the equal division of expenses and bills. This gets tricky and irks if both are not earning equal. So if that is the case then either adjustment needs to be done shedding off the ego aside or one needs to take other option.

2. Pay according to the pay scale: Another rule comes with the percentile of the pay scale of each. Suppose if one partner earns 70$ and other 30$ then splitting the bill should come with the according ratio of salaries. So the bigger amount earner would be contributing more than the lesser one. This is the most rationalized way to split bills.

3. Mix and match: This might be the most irksome to few families as it says that all the expenses should be in a pot and accordingly picked up to make the ends meet. Clashes are most likely to occur here as those who earn less can tend to spend more which ultimately spoils them and also splits relations.

All these three option can result differently according to the thoughts and upbringing and prevalent culture of families.
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