How Money Management is the reason for conflict in Indian Couples

How Money Management is the reason for conflict in Indian Couples

Money management in marriage can be difficult because it involves two people, two merging financial circumstances, and two salaries if both Indian couples work. Money is, incidentally, one of the most contentious concerns between Indian couples.




Marriages are formed in the heavens. They are, however, kept on Earth. So, while love, romanticism, confidence, and faithfulness are all essential, money and finances are also a crucial part of living.

According to experts, if Indian Couples follow specific guidelines, they can stop letting money damage their marriage. Here they are.

  1. Spending too much money on a wedding is not a good idea.

Spending too much money on a wedding is not a good idea

It has been observed that the majority of Indian couples lavishly spend on their marriage. Because most of them do not have adequate funds, they occasionally borrow money to spend on their marriage. Even if they have college loans and other credit card bills, some couples take out unsecured loans to invest in their wedding, which worsens their circumstances.

According to consultants, Indian couples on a tight budget should find methods to make their marriage more reasonable so that they may pay more on their 5 or ten anniversaries when they are anticipated to have significant funds.




  1. Talk to your partner about your financial condition.

Indian Couples should thoroughly reveal their financial condition to their companion before getting married to establish a long-lasting connection.

They should reveal each other’s existing loans, obligations, current EMIs, earnings, savings, and other financial assets or commitments before the wedding so that it does not become a source of contention later on.

  1. Learn about your partners’ spending patterns.

Some individuals stick to a schedule when it relates to their monthly bills, whilst others don’t and prefer to squander by going into debt.

Lovers should be aware of which group their partner falls into. If your companion falls into the second category, you should talk to him or her about the repercussions of expenditures.




  1. Make a budget for yourself.

Indian Couples should learn about spending patterns

The most effective strategy to keep control of your expenditures is to make a budget. Planning may appear to be a chore, but having a strategy and adhering to it might prevent you from potential financial problems that could lead to divorce.

It’s worth noting that there are a variety of internet tools accessible to help you construct a household budget. Some banks also offer these services to their consumers. These programs will also watch your credit card and bank account transactions and give you an alert if you exceed a certain threshold.

  1. Discuss major purchases with your partner.

When it comes to finances, Indian Couples must establish certain basic rules to define which expenditures must be addressed before they are made. There should be a limitation for little expenditures such as garments, food, and other household things.

For instance, one partner may be eager to buy new shoes for Rs 5,000, while the other spouse may not support it because of their salary. In these instances, setting a budget is unlikely to result in a future dispute.

However, for large purchases such as a vacation, a household appliance, or the purchase of a car or a house, Indian Couples should sit down and discuss their options.




Aside from expert Opinion Lets have an Opinion of those Indian Couples who have experienced these money management problems in marriages

  1. Brilliant Advise from married Individual

  •  Lavish lifestyle show-off

Mostly Indian coupe have set their standard too high then they actually can afford. The bride always wants her husband to be a rich, well-established guy and she then sets her demands accordingly. This is completely wrong on her side. Right from the beginning of the marriage, you need to plan your Finance according to your status. Replacing things, even very small things in your house makes difference in your finance.

Unnecessary Interior designing, Planning for expensive b’day parties, cocktail parties, Buying subscriptions of unnecessary apps that you hardly use twice a month, spending too much on BRANDED CLOTHES, accessories, etc.

Above habits are termites to your earning!

  • Expensive Holiday trips.

This is seen most commonly in entire India. Couples just want to travel to Either Europe or somewhere in the USA every time for holidays. WHY? what’s the use of spending your hard-earned money on holiday destinations? You can replace your destinations with Indian cities as well. India too is beautiful! Why spend 50K per person for a USA ticket, when you can plan a great trip to Kashmir in 2lac rupees!

  • Buying Depreciating assets.

Car, Branded phones, branded purses and shoes, etc these all are depreciating assets, you need to ask yourself, Do we need it? Like if you are a nuclear family, you must take into consideration the thought of buying a car. Even if you plan to buy one, buy a cheap but quality built car.

In my case, we decided to go for Maruti Suzuki Ciaz than waste money on Innova. We hardly use a car twice a month and in such cases, a vehicle with good mileage is a boon!

  • Not Investing / Bad investment

Couples who are not financially aware are always the ones who are fooled in the name of investment. Share market agents trap them easily, Real Estate agents trap them in the name of a lavish home for a cheap rate and they are easily convinced to buy the apartment.

If you are not financially aware, GOLD and LAND are both good investments for someone who expects good returns in 5/10 years.

Indian Couples Fighting for money

  • Comparison amongst the friends.

We often end up frustrated comparing our situation to someone else’s. WE need to analyze whether we can afford their lifestyle or not according to tour financial conditions.

Example – My friend who earns 1 crore per year plans to buy 10 sarees, each worth 15,000. That means her 10 sarees cost 1.5 lakh INR. Now for someone like me who earns about 36 lac per year, I have to think whether I can buy the saris and still complete my rest payments or not? In such a case I won’t try to look rich by buying those sarees, rather I would opt for sarees worth 4–5K each. Because that is the only thing I can afford Quora




2. This is an issue normally found in cities! And whether people agree or not, this issue is found more in employee couples and not in entrepreneur couples

Here are a few reasons:

  • Comparison:

    This is the worst thing in us which makes our lives miserable

  • Sense of superiority:

    That new mobile phone can’t wait to be purchased because it has this high RAM or super camera or sleek to hold or anything else silly enough … Until it came to market, we were fine with the one we already own!

  • False sense of need:

    Do you want to own a brand new, big engine SUV ? (You are a nuclear family and you don’t actually need it in the first place!) Do you want to spend a day relaxing at our resort ? (Isn’t that exactly what you do when you sit on your couch and munch junk on weekends)

  • Sense of entitlement:

    We earn x times more than what my parents did in their time, so why can’t we spend x times more ? After all I don’t take anything to the grave !

  • Unlimited choices:

    We can spend only because they are available for us to buy … In everything we practically have unlimited choices available at our disposal, which wasn’t the case earlier!

Lack of discipline between couples.

  • Lack of discipline:

    This could possibly be attributed to the up-bringing of parents, as in most middle class families, parents say to their kids, “You study well and get good rank, we will get you anything you want”




  • False sense of achievement:

    My dad bought his first car at x age, I will have to buy it at x-10 age (just an example) or none of my relatives own this yet! So, we should be the first ones to own it!

  • Instant gratification:

    Can’t wait to do something or going somewhere and you don’t have money? Trying to save money to do it next year? Don’t worry we got you covered … with our silver, gold, diamond, platinum, titanium, sulphide, bromide, cow-hide credit card you can swipe now and pay later !

  • False sense of pride:

    Showcasing the beauty and worth of the cup rather than the merit of the tea, it holds in it ! Buying those imported brands when you have the nearly same quality in local brand which is 10 times more economical

  • Utility vs Ability:

    People buy things as they are able to buy and not out of requirement to buy – Quora

Read More: Good comebacks for Indian aunties who are interested in your personal life




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