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Financial Parity: Four Legs to Success

Relationships aren’t just romances, and family isn’t just shared dinners. Living as a couple or family is a business in every respect, and as with any business, there is a need to build a budget and manage money. 4 gold-worthwhile tips on money and relationships.

Talk about money

Did the two go together? It is recommended to coordinate expectations in the field. Have an open conversation during which you will express your marital and personal needs, define common goals and take responsibility for your expenses, both of you together and each on his own separately.

Shared account

The couple’s bank account can actually be managed in three ways: a private account for each spouse. Joint account. And in the third way: management in which the joint expenses are managed in a joint account, but each spouse also holds a private account. Each couple chooses the path that suits them, but before making a decision, it is important to understand the differences between managing separate bank accounts or a joint bank account.

Living from what is

At the beginning, as well as in the continuation, it is important to learn to live according to the level of income. In other words: “living from what is.” Use atrack chart of expenses and income where you will write down all your expenses, from housing, through car expenses, mobile phones and even entertainment. Read and read an online budget management guide to help you achieve your financial goals.

Don’t stop learning

The couple’s life develops and changes over the years and with it the commitments and priorities that influence the way you behave as a couple and as a family. In order for economic conduct to be adjusted and updated in it as well, it is necessary to invest, just like in other aspects of the relationship.
Paamonim offers courses for young couples, which will help you prepare a budget, create stable economic foundations and prevent future economic crises.

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