Ambareen Musa, Founder and CEO of Souqalmal.com, talks about how to handle finances after marriage – Should you merge your finances completely, partially or leave them detached?
There are various approaches married couples use when dealing with money – keeping only one joint account or separate accounts, sharing financial responsibilities equally or based on income, and so on.
With many adults choosing to get married later in life, it is very likely that both husband and wife are financially established by the time they tie the knot, and may choose to manage their finances separately. Nonetheless, there are many who want to take the plunge and merge their finances completely.
No matter which category you fall under, the Souqalmal.com team has compiled some practical tips to help you discuss how to manage finances with your spouse in the most amicable way. So get yourselves a cup of tea or coffee, a pen and paper, and pick your favourite corner in the house to sit down for a discussion.
For full article go to Khaleej Times.