How to build financial relationship with your partner

Did you know that finances are the leading cause of stress and separation in relationships? After all, they say love isn’t cheap. That is why there is no better time to talk about money and build a safe financial future.

Here are 3 simple (and cheap) steps that can help you and your partner do that:

• Define common goals
  Honest and open discussions about short- & long-term aspirations can help identify the clear life goals that you want to pursue as a couple. Whether is buying a home together, going on international trips or setting up a business, you need to define common ambitions before you begin working toward them. One way to do so is by opening a joint account.
• Decide on a budget
  Based on your common goals and existing assets and liabilities, you should jointly work out a comfortable budget to take care of your immediate financial needs while working towards your long-term goals. Make it a practice to set aside a certain portion of your income as soon as salaries or other income are received.
• Invest wisely
  Saving is half the job done in fulfilling financial goals while investing makes those savings work for you. Couples should jointly identify investment vehicles, keeping their immediate requirements and long-term goals in mind. Historically, equities have offered long term returns that exceed those of other classes.

Please make sure to speak to an Advisor for sound financial advice.

This week, give your Valentine’s the best gift ever: making the future financially safe.

 Visit www.axamansard.com/investments or dial *987*2# to contribute to your portfolio. You can also speak to one of our portfolio managers today by sending an email to clientservices@axamansard.com or call us on 09062547772