Here’s how to plan your finances with your spouse

It is very important for the couple to plan together on these three fronts: expenditure, earning and investment. From bank account to insurance, loan to investment, the couple should plan their finances on all fronts and discuss the aspects among themselves. Money9 Helpline hosted Shweta Jain, founder and CFP of Investography to discuss all the aspects of financial planning among couples.

Santu Mondal: Will Benjamin Graham’s 50% debt 50% equity strategy is good for the couple if the husband puts in equity and the wife in debt?

Jain: If this strategy is working for you you can engage in this. The negative aspect here is that the husband’s money will grow while the wife’s money is only getting saved. It can be problematic in the future as conflicts may arise between you. There can be conflict. If the wife is not investing equity then she will not have knowledge about it and not learn to invest in equities. So the purpose of discussion fails here. I think women should invest in equities and you should both approach a diversification strategy in the portfolio.

Watch the full video to know more