Tying the knot? Don’t forget to tie up your finances as a couple too

Matches may be made in heaven, but marriages are built right here on Earth—with a lot of love, communication, and, yes, financial planning. Talking about money might not sound romantic, but it’s one of the most important conversations to have before tying the knot. From career plans to investment goals, here’s a checklist of what to discuss with your partner when it comes to finances.

Your outlook towards career and employment

Planning to switch careers, quit your job, or start your own venture? Even if it’s not happening right away, it’s important to talk about it. Be open with your partner about your professional aspirations and expectations, especially if you may be leaning on them emotionally or financially during a transition. Mutual understanding now can save a lot of misunderstandings later.

Discuss current investments and future financial goals

Your savings, investments, and financial plans should be on the table before the wedding. This isn’t just about transparency—it helps both partners align on what to expect and how to move forward together. Your partner should have a clear understanding of your investments beforehand to avoid any last-minute surprises. This gives both partners clarity about what to expect and what not to. Whether it’s buying a home, investing in real estate, or saving for travel, your definitions of “investment” might vary—and that’s okay. The key is to discuss these differences early and, if needed, consult a financial advisor together.

Be upfront about debts and liabilities

The last thing you want is to welcome your partner into married life with surprise EMIs, debts, and hidden loans. It’s important to be transparent about any outstanding debts—whether it's education loans, credit card bills, or personal borrowings—and when you realistically plan to pay them off. Debts can really take a toll on one's mental health, especially when they are uncalled for. Even if you’re confident about managing it all, letting your partner in on the details builds trust and prevents unnecessary stress down the road. Financial surprises can strain a relationship, especially when they’re avoidable. Think of it not just as a money talk but as a mental wellness check-in, too.

Plan insurances, health policies, and emergency funds together

Health is wealth—especially when you're building a future together. Insurance is a must-have, not just for couples but for anyone who wants to be financially secure. Before marriage, it's smart to discuss what policies each of you already holds, what coverage they offer, and whether you’ll need to update or add to them as a couple.

Choose a health insurance plan that’s flexible and comprehensive, covering hospitalisation, major illnesses, surgeries, and accidents. But don’t stop there: plan an emergency fund too. Unlike savings or long-term investments, emergency funds are meant for immediate access, especially when insurance claims take time to process. It’s always a good idea to speak with a financial advisor or chartered accountant when buying new policies or investing in plans. They can help you find options that meet both your needs and offer the best long-term benefits.

Don’t skip the household expense talk

Household expenses are inevitable, and they’re more than just rent and electricity bills. From groceries and house help to home maintenance and weekend takeout, it all adds up. That’s why it’s important to talk through your spending habits before the wedding. Sit down and make a list: What are your negotiables and non-negotiables? Where do you splurge, where do you save, and what habits are you willing to adjust as a couple? For some, eating out four times a week is non-negotiable. For others, hiring full-time help is a must. There’s no right or wrong—it’s about understanding each other’s priorities.

Also discuss how you’ll manage these expenses—many couples choose to open a joint account for shared spending. While that’s entirely personal, it’s a decision worth weighing carefully. Consulting your banker can help you understand the pros and cons before committing.

Be honest about your income

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