: Unlocking the power of financial intimacy #IndiaNEWS #National,IANS Life By Gaurav ChopraNew Delhi, Feb 19 (IANSlife) As the world celebrates love on the occasion of St. Valentines Day, a pertinent

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Unlocking the power of financial intimacy #IndiaNEWS #National ,IANS Life
By Gaurav ChopraNew Delhi, Feb 19 (IANSlife) As the world celebrates love on the occasion of St. Valentines Day, a pertinent issue that must be discussed by young and older couples is Financial Intimacy. Financial intimacy is the level of comfort, trust, and transparency between partners regarding money matters.
As per Richa Hora, an internationally certified relationship coach and founder of Metaanoi, Open and honest conversations about each other lays a good foundation for any healthy relationship and this includes financial honesty as well.
Because it has an impact on someones happiness, stability, and general well-being, financial intimacy is important. Financial intimacy between partners increases the likelihood that they will cooperate and make wise decisions towards shared objectives. Long term, this may result in a partnership that is healthier and more stable.
According to a recent ETWealth survey, only 30 per cent of Indians have confidence in their partners financial judgement. According to 26 per cent of the respondents, financial disputes arose as a result of their partner hiding financial problems. The secrets of financial intimacy between couples will be revealed in this article, which will also touch on many elements of it.
The following are the best ways to consolidate your finances in a relationship:
Communication and Trust: Building Blocks of Financial Intimacy
The foundation of financial intimacy is communication and trust. Almost 55 per cents of the respondents to a recent online survey stated that they have frequent fights over money with their life partners. Therefore, partners must be open and honest about their finances, which creates a strong bond between them. This involves discussing their financial goals, spending habits, debts, and other financial issues that may impact the relationship. Partners can build trust and avoid misunderstandings by being transparent about their finances.
Money Management and Shared Goals: A Path to Financial Intimacy
As a couple, setting and achieving shared financial goals is essential for developing financial intimacy. This involves making a budget, tracking expenses, and saving for the future. Having shared financial goals helps partners work together towards a common purpose and provides a sense of accomplishment. When both partners are committed to managing their money effectively, it can strengthen the relationship and create a solid foundation for the future.
Joint vs. Separate Finances: What Works Best for You
Whether to have joint or separate finances is a decision each couple must make based on their circumstances. Both approaches have pros and cons, and making an informed decision that works best for the relationship is essential.

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