Hello everyone! I’m Kalyani, one of your finance experts here at Fintastic Females. Today, I’m with my co-host Rupali, we’re diving into the fascinating topic of money in relationships. As we approach Valentine’s Day, we thought it would be fitting to focus on romantic relationships and share our thoughts and experiences. Reflecting on the choices we made when selecting our partners at a young age, like 18 or 19, and comparing it to where we are now, it’s clear that our perspective on money has evolved. Personally, I met my husband when I was 18, and although I didn’t consider financial compatibility at the time, I’ve been fortunate that our spending patterns align. However, I know others who met their partners later in life and took a more practical approach, considering financial parity as a significant factor. Arranged marriages in India have also undergone a transformation in terms of priorities.

In the past, family background and geographic location played a more crucial role, whereas now financial compatibility has gained prominence. This shift makes sense considering the changing times and the need for financial stability in relationships. When it comes to spending habits, my husband and I have had different mindsets in the past. He tends to spend more freely, while I prefer a more cautious approach, seeking value before making a purchase. Over time, we have met halfway and learned from each other’s perspectives, finding a balance that works for us. One important lesson I’ve learned is to feel secure about there always being enough money. Coming from a background of working with numbers, I tend to get caught up in the details and find it challenging to detach and embrace a more fluid view of finances. However, my husband’s unwavering support and his ability to see the bigger picture have helped me overcome this mindset. We’ve also discovered that personal growth and open, honest communication are essential for navigating financial matters together.

We’ve recognized that as everything changes, it’s crucial to evolve and adapt as a team. Growing up, our mindset and beliefs about money were influenced by our families and upbringing. We’ve witnessed various approaches to finances, from mothers who managed household expenses to a more blended approach where both partners contribute financially and take on household responsibilities. It’s important to understand our own mindset and consciously decide what works best for us, rather than adhering to societal norms or preconceived notions. Today, we have access to abundant information and resources that help us gain awareness and communicate effectively with our partners about money. We are fortunate to have choices and the opportunity to make conscious decisions. It’s crucial to recognize that being self-made isn’t solely based on financial achievements. It’s about acknowledging the support and contributions of our loved ones, whether they are providing financial support or fulfilling other vital roles in the relationship.

As finance experts, we encourage everyone to approach money in relationships with open minds and a willingness to learn from one another. There is beauty in growing together and embracing the journey of personal growth. By understanding our own beliefs, communicating openly, and appreciating the value of support and contribution beyond monetary aspects, we can build stronger and more fulfilling relationships.

Thank you all for joining us on this insightful discussion about money in relationships. Stay tuned for more valuable conversations and practical tips from Fintastic Females.