Manage Finances
Managing finance is confined to strategic investments, loans, savings, expenditures, kids edu, retirement estimation etc
Given a person know all the basic stuff..it's quite commonly said in the context of marriage talks that he/she should know "how to manage finance"...
As a bachelor, I seek an answer that how do people judge the potential partner whether they are aware of the stuff or not.. (Question-1)
And one more step.. (pls don't take me wrong)...how do people ask their potential partner about their finance.. so better say how should I ask her about her money? Because in some cases people say my money my rules.. but some partners contribute with their husbands after marriage.. (this is a bit sensitive thing that's why I wanted to ask how to ask without offending her) (Question-2)
PS: Potential partner I'm referring to girl I got to meet in arranged marriage setup.
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First prepare a list of options you're comfortable with. E.g. how to share expenses, in what ratio depending on salary mismatch. Or to ease it, certain specific bills can be handled by lower earning spouse
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Be completely upfront to the point of bluntness. Financial troubles are the number one reason for divorce. So have multiple conversations around this if clarity is needed. An "I don't know" response is ok for the small stuff. Not the big stuff... Iike...
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Kids. Expensive
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My money my rules attitude is ok AFTER you discuss how much % of their salary comes into the common pool for common household expenses
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How many dependants and responsibilities do they have to their parents, siblings. That will eat away at the new family's savings
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Investments. If they don't have any, are they willing to learn, or at the least trust your choices.
Groww employee for a reason! Very practical answer... This can be used as a checklist.. thanks for sharing!
Thanks Mr. BeTheBest!
Answer to your question 1 lies in the answer to your question 2 and answer to your question 2 could be like- first you disclose about your money habits on high level. This will create trust and the potential partner will feel comfortable to disclose his or hers! Hope this helps.
Absolutely. Habits tell a lot about financial discipline. Its upto you, how subtly you ask this info. Key is to make the person comfortable to share important details honestly. Once a certain level of comfort is attained, you can be more direct.
been in these talks I just say I make x amount a year managing money for myself and gamble full time parents are shocked then they ask me to marry their daughter she has a high bc I reject
