A reader asked us a couple of relationship questions this week. When we started answering it both Naren and I thought It will be better to answer the very same questions separately in two different blog posts with each of our perspectives. So this one is written by Sugandha and has a women’s perspective.

Alert: I have gone beyond the question asked. This blog post is long unfiltered freestyle story narration format:-). Which is purely based on my life experiences. For short- crisp answers to these questions jump to the end of the blog

  • Q1. Are both of you guys are on the same page about this kind of a lifestyle?
  • Q2 How important is it to find a partner who has the same money script as you?
  • Q3 I’ve heard that money is the Number One thing couples fight about. If so, does having the same script make these kind of decisions easier?
  • Q4 I ask you specifically because I feel like following this kind of a lifestyle is unacceptable to a lot of people, and can cause more than a few problems.
  • Q5 If I’m looking for a partner, does this have to be an important consideration?

Men and Women think differently about managing money

A few generations back family finances were a simpler affair- Men made big money decisions outside of the house and women got allowances to run the house and managed the household expenses. Women were okay not knowing things beyond running the house. It was also okay for a husband to keep financial secrets from their wives. Maybe imperative to keep some money away from their spendthrift wives:-)

Things are never black and white. so in some houses women had more say than the others. But managing overall family finances was a job for the Man of the house.

I remember we had a black tin box with all financial documents that my dad would look at from time to time while my mom would quietly sit next to him, if just in case he wanted to discuss something or wanted a cup of tea.

Few other household women maybe have more say. My maternal grandmother a graduate in those days married a lawyer. She would have a say in most financial matters – buying a house, selling/buying agricultural land etc.. partly because she had her own personal inheritance from her father. But still the final word on things would be my Grandfather’s.

My grandmother is the most intelligent women I have known. She is 92, who still remembers what she studied in her 4th standard. But she still told my mom and even me to listen to the Man in our lives when it came to money and other important matters. Her words “Aadmi ka dimaag jyada hota hai, wo aage tak ke sochta hai”.

I could never understand the contrast in her personality. She could have a long conversation with our family doctor on new medical advances but for some reason felt she should rely on her husband’s opinion when it came to managing finances.

Grandma and I
My Grandmother and I at a family function- 2017

Perhaps this shows the role women were groomed for traditionally and their lack of confidence in managing personal finances is not a question of their intelligence but their education.

On the other hand with autonomy comes responsibility. The old way not only prevented women to learn first-hand about personal finances but it also had put immense pressure on the Male to independently manage finances – which is a humongous task for a single person.

Anyways all the above have influenced modern Indian Women like me who were never exposed to personal finance while growing up but are now walking hand-in-hand with their partners as far as earning money is concerned. They don’t feel inadequate in any which way like perhaps their grandmothers or mothers did.

These smart, hardworking , financially and emotionally independent women however are clueless about managing their finances. They still depend on their husband, father, brothers, or that helpful male colleague to help them with taxes, investment etc etc..

What I am trying to tell from this cross- generational story is that Men and Women are not on the same page when it comes to finances because of the different roles both genders handled in the past and lack of exposure women had on this subject.

Change is of-course happening. I had to learn to do my taxes, I learned to do my investments too. But it was a conscious effort on my side to learn and understand everything about personal finance.

So where Managing money may be a more straightforward journey for men, for most women it was limited to budgeting and shopping till a while back. They are just now wrapping their head around complex things like taxes, investments, Mutual funds, asset allocation, portfolio re-balancing etc.

How we as a couple communicate and handle our differences when it comes to personal finance?

This will be best shared by sharing anecdotes right from the start. From when we were not even married or committed to each other

Honesty is the best policy

When Naren and I first met he had come back from the US and was making negligible profits in his business. While we liked each other the next obvious question was of marriage so he disclosed his income to me.

I was shocked! I thought how is this guy thinking of marriage without regular income? So I asked him exactly this. How? to which Naren replied “I can take care of my part of expenses” That was the second shock to me! I was an independent, working woman, earning enough to sustain a family but I was not okay with the idea of marrying someone who is talking about splitting living expenses after marriage.

I saw my own hypocrisy first-hand. I wanted to be an equal in marriage but at some level wanted my future husband to have an upper hand when it came to finances.

At this point i thought we possibly can’t marry – A decision we soon changed 🙂 more on it some other time.

As evident from the story at this point our view on our finances did not click at all. The only good things I can say about us at this point were:

  • We were completely honest with each other.
  • We left the communication open.
  • We were somewhat open to accept where we may be consciously or unconsciously being irrational.

That helped. So we highly recommend it.

Naren & I
photo of us we sent to family to announce our relationship

Use the initial attraction to share biggest dreams

Naren and I shared the most absurd dreams with each other when we first met- travelling for months, living in a remote village, being our own boss, not going to work on Mondays etc etc. We had nothing to lose, we were not committed or too involved yet with each other.

All this gave us a good perspective about the other person. We knew at this point that if we choose to spend life with each other, it would not be a conventional life.

When you meet someone you really like they give you strength and courage to pursue your dreams..There is a reason they want to spend their life with you.. Use the power of two, Naren always says that when two people decide to get married 1 + 1 should make 11 and not mere 2. I agree.

And Guess what! All of those absurd dreams we shared with each other when we first met, quite a few of them are now a reality!!!

Think win-win

When I told my mother I met someone I want to marry but he has just started his business she told me to not quit my job ( i was independently trying to take break from work at that time). She made a valid point and I thought it too will make our post marriage life easier.. As I would continue with my work till Naren settles down in his business.

When I told this idea to Naren he did not like the idea to hold my plans for his sake. He assured me that I do not have to sacrifice for his sake. At this point Naren also offered to go back to a job if that is what is needed for us to start a life together.

Both the above ideas were sensible safe options. But involved sacrifice on one person’s part. So we discussed it and went ahead with what was right for each one of us. I asked Naren to continue with his business as long as he wanted and he asked me to quit my job if I wanted.

It is good for the long-term if both the people in relationship can progress in a relationship at the same time. Sometimes what is safe may not be right thing to do.

A good tip we follow from book-7 habits of highly effective people is while making a decision look for win-win solutions to ensure harmony in long run. Win-lose situations soon bring resentment in a relationship. Below is the snapshot from the book that explains the win-win mindset a bit more in detail

Below is the amazon link to the 7-Habits of highly effective people by Stephen Covey.

Talk about money and your quirks

I had a very twisted relationship with money. I totally appreciated all the comfort that money bought. But when I started making more money I felt that money is bad and it is preventing me from growing spiritually. As weird as it may sound now, that was how I was when I met Naren.

Naren was weird too in his own way.. I will say he almost believed all his problems would vanish if he saves enough to retire early.

When you are young sometimes you don’t know all these things about yourself. And even if you know you are not confident how the other person will take these quirks so you may be tempted to hide some of your quirks.

Well we would say that no matter how awkward you feel about certain aspect of money talk it out with your partner.

Sharing expenses, Investments does not mean that you are not romantic or love each other any less

Another anecdote on bringing up awkward subjects- Naren and I had decided to always have 50-50 partnership in all aspects- money, investments, house work etc.. So, all our investments post-marriage were split 50-50% right from the SIP stage. Once we decided to increase our monthly SIPs and drop a few mutual funds from our portfolio but these new changes reduced my share of investments by ~10%.

This bothered me . But I also felt bit hesitant in sharing this with Naren. I thought I love him and we plan to spend rest of our lives with each other. So this mere 10% reduction in my share shouldn’t be a problem. But it did not sit well with me and we discussed the matter and made some changes to restore the share to 50-50 once again.

Was it an awkward conversation? yes it was – But if you are honest and are coming from a good place in your heart the other person will sooner or later understand it.

Rationally there is no need to mix finances with love. Having clear division of your family finances does not mean you love each other less but something two independent adults should do to avoid any bitter feeling later on in a relationship.

Also some people may fear that talking money may take out romance from their relationships. I have a friend who thought that way. But what can be more intimate than sharing everything and being fully transparent?

But it is still okay to support each other financially

Couple of months before our marriage I had taken a sabbatical from work. And I was living off my savings. At this time Naren and I were also doing lot of travel together and consolidating our finances.

Us in Leh
Us in Manali

We both independently had enough savings to sustain ourselves for couple of years. Naren’s business had started to make some money, so he suggested that he will take care of both our expenses till the time I get back to making money. He also said that all my own money I should re-invest in higher return assets under my own name.

His idea was that he can support me now and later he could take a sabbatical while I support him. I liked the idea because it took away some pressure from my head while I also felt confident about our partnership.

Sometimes it is okay for one partner to give and the other to take it graciously. And when the time comes, to return the favour graciously. But both partners should be very clear about how much one wants to give and take comfortably.

Nothing should be taken for granted.

Naren – thank you for loading the dishwasher every day, filling the water bottles and putting my water bottles on the bedside each night 🙂

It Took Time

We spent good 3 years of our relationship understanding each other’s point of view, debating, arguing about it.

Did we have fights? Hell yes we did!

Off-course we are not in agreement most of the time, but with time we are able to see each other’s perspective and move on.

Align Life Philosophies & rest will fall into place

Sometimes we feel we are able to find a resolution to most of our money and general conflicts is because we both have a lot of common life philosophies. We both are very different in many ways but these broad philosophies we share help us find common grounds:

  • Love for freedom
  • Working on our “selves” to be a better, happier, more efficient person
  • Living an uncomplicated life
  • Self-motivated and independent
  • Being patient while pursuing a goal
  • Believing that with planning you can achieve most of things you want from life
  • Always valuing individual over society, rituals and religion

Educating ourselves against obvious pitfalls

Vijay Nagaswami's book

Naren gets 100% credit for introducing me to Vijay Nagaswami’s book 24 X 7 marriage. The book talks about issues in New Morden Indian relationships/Marriage beautifully. Writer does not stop at sharing the most common pitfalls in a new relationship but also provides good solutions to overcome such situations.

The book also has a optimal marriage template that can be used by couples with very different point of views to come to the common grounds.

The second book 50-50 Marriage focuses on problems of couples in longer marriages.

I recommend both the books. It is refreshing to read an Indian author with unbiased prospective on most common problems faced in today’s marriages.

Below is a amazon link for both the books:

Keeping Individual alive in a relationship

Naren and I have common goals such as saving up for early retirement, our son’s overall and financial well being etc.. We work on these goals together as a team.

But we have independent goals as well. Few of my independent financial goals are saving up to buy a bigger house, upgrading our lifestyle a bit every few years, doing more travel. It is clear between us that all of these are mine to accomplish even if Naren is not as passionate about these as I am. He may or may not meet me half way for some of these and it is okay with me.

It is impossible to be in agreement to everything in a relationship. In such cases it is better to let your partner know how important these things are for you and pursue/handle them independently.

Reader Q & A

Read this to know about money scripts

Q1. Are both of you guys are on the same page about this kind of a lifestyle?

Ans – We have slight differences when it comes to our lifestyle. But we are in agreement in how we both will get to it. We have agreed to live no frill lifestyle acceptable to both till we reach F.I.R.E and after that we plan to add few frills:-) We both have agreed to match our FIRE corpus to meet every lifestyle upgrade.

Q2 How important is it to find a partner who has the same money script as you?

Ans– Naren and I had different money scripts, so I guess it is okay as long you both understand each others attitude towards money and are okay with it.

Q3- I’ve heard that money is the Number One thing couples fight about. If so, does having the same script make these kind of decisions easier?

Ans– Yes, It is. followed by household chores and now that we have a baby- I will say having a baby puts lot of pressure on a relationship too.

I am guessing similar money script alone can not insure successful relationship. Besides money script there are other things as well that influence a couple, such as how well you communicate, how much you respect each others views etc…

Q4 I ask you specifically because I feel like following this kind of a lifestyle is unacceptable to a lot of people, and can cause more than a few problems.

Ans– Yes it is not everyones cup of tea for two reason that it is lot of work initially and this lifestyle singles you out ,and you may feel peer pressure. One has to be really invested in it some way or the other for it to work.

Q5 If I’m looking for a partner, does this have to be an important consideration?

Ans– Yes I think so, for a healthy- fulfilling relationship it is important to know how your partner feels about it. They may or may not want to participate but they have to at-least be in full agreement for you perusing it.


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  1. Sugandha, a superb post. I think this is exactly what I was looking for! And it didn’t really go beyond the questions. I think I just didn’t ask the right questions.
    So many, many thanks for writing from your experience. I’m going to use this blog post as gospel, just because it speaks from the entire knowledge of someone who has been through it.
    It’s been such a pleasure reading your story, and analysing your ideas with respect to my own life.
    I honestly can’t wait for Naren’s version of all this!

    • Thank you 91sidk!

      I am glad you enjoyed reading about my experiences and I am thrilled to know that you find it useful!

      We would love to have more young readers like you to read and participate on this blog…So we got very excited when you reached out to us with your questions.

      Keep dropping by. and if you like something share it with your friends on social media!!!

      Naren wanted to write a separate post but he read last years valentines post and felt he has shared all his wisdom already:-) So, he may not write one in near future. But maybe in couple of months when he has something new to say on relationships.

      • Thanks Sugandha. Question for you guys – do you feel you’ve gotten to a place now where you’re comfortable with your lifestyle and you can use this as a base for all your calculations on FI or is there still lifestyle creep?

        For us, it seemed like it was a constant story of lifestyle creep – expenses steadily increasing along with our income (rather than inflation) until a couple of years ago. For the last 3 years now, they seem to have settled at around the 20L to 22L per year mark and we seem to have reached a point at which I’m comfortable about stability.

        I suppose it’s a little unfair to ask you this with a new kid, From my experience, the kid has added about 3L of expenses annually
        2L – School/Playgroup/Nursery/Daycare
        40K – Baby maid/helper
        60K – Miscellaneous expenses (clothes, fun stuff, supplies etc.)

        This is in addition to the additional grocery bills and stuff but that’s pretty small and I haven’t been accounting for it separately.

        • Great Question Anil!

          I am confident our expenses will keep increasing for next couple of years:-) In our opinion we are efficient in our spending already so now we can only focus on increasing our income to meet this “lifestyle creep”.

          We are saving separately for any big event or lifestyle upgrade- kids college, buying car, a bigger house.

          Our retirement corpus does not account for kids expenses beyond a point. because they are not life long expenses.

          Our Retirement corpus at 45 is to cover a no-frill lifestyle + few discretionary expenses. We want to keep it lean and keep generating either active income by part-time/seasonal work or a passive income to meet some discretionary expenses, + to add more to our retirement corpus.

          When Naren will reach 45 our son will be 8. so, his expenses from age 8-18 will be partly covered by a part time jobs/business or different passive income streams we are working on. This passive income will be in addition to our retirement corpus. This is the plan based on how things currently are. But we may change our approach as and when necessary and we will keep our readers updated.

          Thanks for sharing your kids expense break-up. It is very useful for us to get real numbers from young parents like yourself.

          • Fair answer. I think that’s my biggest worry about early retirement. I’ll take a couple of easy examples

            1. Dining and entertainment – I had set a budget of 10K per month or 1.2L per year on this and if you’d asked me 2 years ago would’ve said is very generous. However, we ended up spending 1.83L on this last year. The kind of restaurants we go to has changed, the frequency has changed and dining out alone costs up 10K per month now with 5k extra for entertainment

            2. Domestic travel – I’d always included big travel in my budget but I now realise i hadn’t given enough consideration to how often I’d have to travel to go see parents, attend events/weddings etc. now that I’m back in India. From a frequency of maybe once a year, it’s now up to 3-4 times a year and with air ticket prices on the rise, each trip is costing upwards of 20K.

            It’ll require a lot of discipline in early retirement when there will be more time on hand and a lot more opportunities to overspend.

            • Absolutely. In my estimate every decade our taste and preferences change- which can impact your spending. Also, you are right in assuming that one may end up spending more on a few things such as travel, hobby class, new business etc..after ER because of all the free time in hands. That is why we are very keen on building a passive or somewhat passive, seasonal income after Early retirement so that we have an option to make some extra cash for discretionary expenses if a need arises. Who knows what we may want to do with all that free time in hand. Little extra cash flow will be helpful.

  2. Nice. Best of luck to the both of you.

    I’ve been pretty lucky with support from my spouse as well. While she doesn’t really share all my dreams about financial independance and early retirement, she’s also an essentially frugal person. She looks for value in everything she does. While her bargain hunting and getting aggravated over small amounts of money used to annoy me, I’ve come to accept and even respect it over time. She minds the paisa and I mind the rupees. Has worked pretty well so far.

    • Thank you!

      Thats a lovely partnership Anil! Both of you with different strengths!

      I have something in common with Mrs Anil, I also love getting value for my money. That has got me a nickname from Naren- a maximiser.

  3. A very candid and true picture of the lifelong commitment called marriage and the money management issues. In India, there are cultural issues as we are still grappling with the advent of modern tech and how its invading our life space and how its going to have an effect on the defined roles in marriage. I see the new ad posted by a food home delivery web company where the mother tells the daughter to order online and not disturb her and then feels happy about the food being served. At one point it’s good that the guilt factor fo the mother is removed, while at another lever its introducing unhealthy eating practise without verifiable content. I guess this is the only way forward. We have some way gone through all that you have given in this article, though will every personal experience there are some additions and deletions. Bravo for sharing this part of the money management.. Very very important.

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