Money & Marriage: How Couples Can Divide Household Expenses, Track Spending And Stay On Budget

How should couples divide household expenses and manage their spending? A practical approach starts with creating separate budgets for regular expenses, holidays, gifting and other larger costs. Vishal Dhawan, Founder & CEO, Plan Ahead Wealth Advisors, says couples should also track their expenses regularly instead of relying only on occasional reviews. Whether using pen and paper, Excel or financial software, consistent tracking can help identify where spending is going off track. Couples should also consider how taxes, investments and other income-related factors affect their available money. Reviewing all these areas together can help partners manage expenses better, stay within budget and work towards shared financial goals.