Getting Married? 10 Money Matters to Discuss


9. Expense Sharing

You need to be very careful about how both of you will share the expenses? It won’t make any sense to you if he/she says, “I will pay the housing EMI, you pay the daily living expenses. As it may trouble you later if you are enjoying the marriage harmony and you end up taking a divorce. Getting a divorce will split your assets into halves as well. It’s advisable to sign for the pre-nuptial agreement before you tie the knot. This will safeguard your personal assets even in the situation of divorce.

10. Joint Accounts

You may plan to open a joint account after marriage hence set a date on which you will change your name and, when will you open a joint account. Opening a joint account would mean, along with you, your spouse can also withdraw and deposit fund to the account. A joint account will also make your spouse entitled to the remaining balance and liable for the debt of that account in case you die.