Money Secrets: Are You Keeping One from Your Better Half

Did you know that there is a term called “Financial Infidelity”? Yes, financial infidelity means hiding your money habits, bank accounts or credit card bills from your significant other. According to finance investment companies in Delhi, India when it comes to love and money, there needs to be a perfect harmony between couples. And, the prospect of harmony doesn't always depend on what is disclosed, it also hinges on what is not.

If you are unable to know how much money your spouse is making, his/her debts or expenses then there is every chance that you are facing some sort of financial infidelity. While physical infidelity may involve a surreptitious affair with a co-worker, financial infidelity involves hiding bank accounts or credit card bills from your partner. You must know that it’s one of the biggest things that can impact relationship. So, if you are unaware of your partner’s income, debt or expenses, then you are overlooking a big fluttering red flag. Here are a few easy tips from investment companies in Delhi, India to avoid knowingly or unknowingly falling prey to financial infidelity.

Exchange Numbers:

Well, here it is not about exchanging phone numbers. It’s about sharing credit card reports, net-worth statements with your partner not only before marriage but before living together, as well.  If there are worrisome signs such as late payments, wasted-out cards or towering debts, come forward and take the charge to turn the course of things towards a better way.

Ground Rules:

According to research more than 41% of people have spent huge amount of money without tipping off their partner. If reckless spending happens on both sides, you are planting the seeds of possible financial trouble down the line. So, set a level of expense, beyond which you need to discuss or clear it with your beloved. This will not only help foster mutual trust and act as a natural barrier to unnecessary purchases you may regret later.

Get It in Writing:

If you and your partner tend to fall back into repeating the financial mistakes, arrange a written note. The process of writing down your expectations will reveal all the serious money disconnects. Finance investment companies in Delhi, India are of the view that the earlier you start on this the better. That does not mean shaming or scratching off lower-income partners, by the way. After all, few spouses make exactly the same amount of money. It just means acknowledging each other’s financial realities, and calibrating your expectations accordingly.