5 hacks for couples to save money


Are you planning to take that exotic vacation with your partner or saving for the deposit on your dream home? It is a good idea to have your financial goals clear in your mind, but it is equally important to save extra (as much as possible) to turn these goals into reality. In case you find yourself at the sea everytime it comes to boosting your savings as a couple, here are some quick hacks that will help you save more as a couple without feeling the pinch.

The budget – While many would consider this a clichéd advice, having a good household budget is paramount to saving better. Unless you have an accurate idea of your incomings and outgoings, you can never pinpoint the wasteful expenditure and curb it. So take some time out and prepare a household budget, and make sure you stick to it.

Date night (at home) – Saving money doesn’t mean throwing romance out of the window. Well, truly as J. Lo crooned, love don’t cost a thing! So ditch going to the cinemas every weekend or having dinner at that fancy restaurant. Instead have a cook-in together or a cozy movie night at home and enjoy each other’s company without spending any big bucks.

Cook, stay healthy and save more – How many times do you buy lunch at office? While both of you may be too busy to cook, taking out some time to prepare a home cooked lunch you can carry to work will significantly improve not only your health, but also your finances.

Car petrol – Save petrol, money and the environment as well – Isn’t it great how a small change can have such a big impact on so many aspects of your life? Car pooling to work with your spouse (if possible) and colleagues will help you affect significant savings keeping in mind the ever-rising fuel prices across the globe. It will also give you the satisfaction of doing your bit for the environment.

Invest that wedding money – While the big fat Indian wedding is definitely a drain in the pocket, most guests try to compensate the couple by offering money as a wedding gift. It may be a fun idea to spend all your gift money on a lavish honeymoon, but it will make more sense to invest this money in high-return investment options to make a grand start to your financial beginnings as a couple. It may be a good idea to get in touch with a financial advisor to understand the best investment options for your financial goals and vision.

Dr. Celso, India’s first financial doctor and author of the acclaimed book, “Who says money doesn’t grow on trees?” has been guiding couples, young and old, on their financial journey, helping them plan an investment portfolio to take care of their financial needs. Book a consultation now and start your journey to wealth creation.




Financial Independence for a Stay-at-home Spouse


Financial independence is important for every one – and in case you decided to forgo the pay cheque to raise your children, take care of your family or even due to an illness or any other reason – that is no reason for you to not plan to be financially independent. Here are some tips to help you plan your finances:

Open a bank account – In case you had been working previously, you must be having a bank account and hopefully, some decent savings as well. If you don’t, for any reason, the first thing you must do (after reading this blog, of course) is to walk to your nearest bank and open a savings bank account. It will help to compare interest rates online, as many banks provide higher interest rates than others, especially to women.

Be a part of your household financial planning – It is not necessary to earn to save. Even if you are a stay at home spouse, you must know what your other half is earning, the investments and household expenditure. It makes sense to have joint investments (it will help in better tax planning as well for the earning spouse) and combined financial goals that you both can work towards. Discuss your ideas, goals, income and expenditure honestly and prepare a household budget to maximise the savings and investments.

Don’t ditch your hobbies – You may not want to go out and work but do you have a passion that can help you earn more? From dance classes in the neighbourhood to teaching music or art to children or even writing or baking can help you earn quite a decent amount of money by simply pursuing what you love.


Get insurance – It is important for every individual, working or not, to take a basic term insurance plan. While it may not sound pleasing, it is best to plan for the unforeseen. Talk to your partner and ensure that the family is adequately covered in case things go awry in the future. It is wise you take health insurance (with accidental cover) as well to cover any loss of income from illness or injury.


Get in touch with a financial advisor – Getting in touch with a financial advisor can help you plan out your investments, whether you are working or not. For the stay at home spouse, it is even more important to meet a financial planner to wisely invest and grow their savings for better financial independence in the future.


Dr. Celso, author of “Who says money doesn’t grow on trees?” is a seasoned financial advisor helping couples and individuals plan their wealth creation strategies better. Get in touch now to propel yourself on the road to riches.



Have a couple’s bucket list? Here’s how to plan for it


As you tie the knot, you take the vow to share your lives forever including your joy, sorrow, success, failures, dreams and aspirations. Couples start dreamy eyed on the journey of marriage with so many things they want to do together – but often work, family and financial issues take over and the ‘to-do’ list becomes a distant memory.

However, this doesn’t have to happen to you. It is important to have your shared dreams and work towards fulfilling them – after all, you promised to be happy together! A little bit of planning, forethought and financial discipline can ensure you tick off every little thing on your couple bucket list.

Personal and financial bucket list

Do you wish to travel to a new country every year or buy a cozy nest in the hills? Maybe a beach nest or that paragliding vacation in New Zealand?

All couples have different aspirations, but the prerequisites are the same – time and money.

So take a weekend and make a list of everything you want to do together and keep your personal wishlist in a handy place to revisit it every now and then.

Now that you have your goals, it is time to plan a road map.

  • Divide your goals into short term, medium and long term. For example, you want a beach side cottage in the next twenty years but want to take an international vacation in the next two years. It is important to map your wish list against a time horizon to plan the finances for it.
  • Once you have your short term, mid term and long term goals – start investing your savings wisely to achieve these goals. This doesn’t mean that you apply all your savings towards your personal bucket list. Create a financial bucket list in parallel listing your financial goals – How much money do you seek at retirement? How much for your kids’ education and wedding and other financial needs?
  • Invest 25% of your salary towards your financial bucket list and another 10% towards your personal bucket list. This will ensure you are able to achieve both your personal and financial aspirations hand in hand.

But where do you invest? Choosing investments wisely can make all the difference on your journey to wealth creation. The financial products you choose must be mapped to your income, expenditure and financial vision and risk appetite. Consulting an expert will guide you in the right direction to ensure you get the maximum bang for your bucks.

Dr. Celso, author of “Who says money doesn’t grow on tree?” is an acclaimed financial advisor with years of experience in guiding couples on their financial journey. Get in touch now to power up your investments.


3 ways to save money as a couple

Being married is a great feeling – you find a partner to share your ups and downs with. With marriage also comes greater responsibility of the household, which means couples need to talk about money to maximise their savings and work towards a more prosperous future.


With both members working, usually young couples have double income at their disposal meaning it is easy to splurge. But as your income increases, so does your expenditure and it becomes more important than ever to save for the rainy day keeping in mind that one partner may want to take a break some time, temporarily (or even permanently). Previously, we discussed some financial mistakes that couples should avoid to maximise their savings. Today, we bring you 3 ways to save money as a couple:


Consolidate your finances – Many couples choose to join their finances and some don’t. However, combining your finances can help you gain more control over your incomings and outgoings as a couple. Having your money in a common pool and combining your investment portfolio can tell you exactly how much you have and what you need to save for your future goals. Start an SIP of a fixed amount from your joint account and see your money grow substantially. It is also a good idea to keep a recurring account for liquidity in case of emergencies.


Make a budget – Making a combined household budget is something every couple should do. Apart from ensuring financial discipline, it helps to analyse where you are spending and where you can save. However, being absolutely rigid with the budget will only lead to failure. Be flexible and make changes regularly to suit your changing needs. The aim is to enjoy life without spending unnecessarily. How about netflixing at home instead of catching a movie at the cinema every weekend?


Touch base, often – Simply speaking, discuss your plans, finances, goals and budget regularly. When you take a big amount out of the common pool, discuss with your partner beforehand to avoid nasty surprises. Even if one of the partners is not working, they must have an equal say in financial matters as money matters are sorted best when both partners agree on a common roadmap. Plan your savings together and get in touch with an expert to understand the best investment options suited to your lifestyle and financial goals. Remember, parking your money in savings is good, but in order to get good returns, it is important to invest wisely.


Dr Celso, seasoned financial advisor and author of Who Says Money Doesn’t Grow On Trees, has been advising couples, new and old, on the importance of financial planning along with helping them choose the best financial products in line with their lifestyle and goals. Get in touch now to start your journey towards wealth creation.