# Financial Planning for Newly Married Couples in India > Financial planning for newly married couples in India: merge money without losing track, plan a home and joint goals, fix insurance and nominees. Source: https://trykosh.com/for/newly-married-couples Kosh for newly married couples # Financial planning for newly married couples Two salaries, two sets of habits, a wedding bill and a list of things you want to do together. Kosh reads both your statements and turns them into one plan you can both see. ## What gets in the way ### Yours, mine or ours? Who pays rent, who pays the card, whose account the SIP comes from. Without a system, one person ends up carrying more and nobody quite knows how much. ### The wedding hangover A personal loan, a card on EMI or savings drained for the wedding. The first year of marriage starts with debt neither of you planned in detail. ### A home, a car and a child, all at once Every big goal seems to land in the same five years. Without a number for each, they compete for the same money. ### Insurance that still covers your old life Group health cover that doesn't include your spouse, term cover sized for a single person, nominees who are still your parents. ### Two very different spenders One of you tracks every rupee, the other doesn't look. Talking about money turns into an argument. ## What Kosh does about it ### Reads both sets of statements Upload both people's bank and card statements. Kosh sorts every transaction and shows household spending in one map. ### Plans joint goals with SIP amounts A down payment, a car, a child's education, each turned into a monthly SIP so you can see what's realistic together. ### Works out each person's tax Each spouse is taxed separately in India. Kosh compares old and new regimes for each of you from your real salary, rent and investments. ### Finds the shared leaks Duplicate subscriptions, two sets of delivery habits and card interest, with the rupee amount for each. ### One reminder list for the household Email reminders before card dues, SIPs, premium renewals and tax deadlines, plus a Sunday digest to read together. ## Free tools for newly married couples [Free tool**Monthly budget planner**List what comes in and what goes out each month, in the categories Indian households actually spend on. The planner shows your savings rate, ranks your expenses and checks them against the 50/30/20 rule.](/tools/budget-planner)[Free tool**Wedding cost planner**Build a wedding budget line by line, from catering for every function to jewellery and guest travel. The planner adds a buffer for overruns, projects the cost to the wedding date and shows what to save each month.](/tools/wedding-cost-planner)[Free tool**Debt payoff calculator**Juggling a credit card, a personal loan and an app loan? See when you'll be debt-free and which order saves the most.](/tools/debt-payoff-calculator)[Free tool**Home affordability calculator**A bank may lend you more than you should borrow. Set the EMI you're comfortable with, add your savings, and see the home price that fits.](/tools/home-affordability-calculator)[Free tool**Home loan tax benefit calculator**See how much your home loan cuts your tax this year, whether the house is self-occupied or rented out, and in which regime.](/tools/home-loan-tax-benefit-calculator)[Free tool**Health insurance cover calculator**Hospital bills depend on where you get treated, how old you are and how many people share the policy. This guide turns those into a suggested sum insured and shows how far your current cover falls short.](/tools/health-insurance-cover-calculator)[Free tool**Term insurance calculator**A term policy should leave your family able to live as they do now, clear the loans and still fund the big goals. This calculator works out that amount from your own numbers instead of a rough multiple of salary.](/tools/term-insurance-calculator)[Free tool**SIP goal calculator**Work backwards from a goal to the monthly SIP that gets you there. Inflate the goal to future prices and count what you've already saved.](/tools/sip-goal-calculator) ## A CFO for newly married couples. Upload a statement and Kosh maps your money, works out your tax and tells you the one thing to fix first. Free to start. [Start free](/signup?via=for-newly-married-couples) ## Pick a system for shared money There's no right model, only one you both agree on. Three that work: - **Joint pot.** Both salaries go to a joint account for all shared costs and goals; each keeps a fixed personal allowance. - **Proportional split.** Each contributes to shared costs in proportion to income. If one earns INR 1.2 lakh a month and the other INR 80,000, the split is 60:40. - **Split by category.** One pays rent and bills, the other funds SIPs and insurance. Simple, but review it each year as salaries change. Whichever you choose, build one household budget first with the [budget planner](/tools/budget-planner), and a joint [emergency fund](/tools/emergency-fund-calculator) of three to six months of shared expenses. Then make the conversation regular and short. Once a month, look at the same three numbers together: what came in, what went out and what went to goals. Disclose debts early, including card balances and loans to family, because surprises do more damage than the amounts. Agree on a figure, say INR 10,000, above which either of you checks with the other before spending. And keep some money that's entirely each person's own; it removes most of the small arguments. ## Tax is still individual India has no joint filing. Each of you files a return and chooses a regime separately; in FY 2026-27 each can earn up to INR 12.75 lakh in salary with no tax in the new regime. Gifts received on the occasion of marriage are tax-free, whoever gives them. But if one spouse gifts money to the other to invest, the income it earns is added back to the giver's income, so plan joint investments with that in mind. If one of you claims HRA in the old regime, the rent should be paid from that person's account and the receipts made out in their name; the [HRA exemption calculator](/tools/hra-exemption-calculator) shows whether it's worth it. Buying a home together can help in the old regime: each co-owner who is also a co-borrower can claim up to INR 2 lakh of home-loan interest on a self-occupied home, and the principal under 80C. The new regime allows neither. The [home loan tax benefit calculator](/tools/home-loan-tax-benefit-calculator) shows the difference. ## The first-year checklist 1. Clear the wedding debt first, highest interest rate first. The [debt payoff calculator](/tools/debt-payoff-calculator) orders it. 2. Add your spouse to health cover, or buy a family floater. See [how much health insurance you need](/learn/how-much-health-insurance-do-i-need). 3. Resize term insurance now that someone depends on your income. 4. Update nominees on bank accounts, EPF, mutual funds and insurance. 5. Put a number and a date on each joint goal with the [SIP goal calculator](/tools/sip-goal-calculator). ## Frequently asked questions How should newly married couples manage money? Agree on one system for shared costs, such as a joint account or a split in proportion to income, and build one household budget. Then set up a joint emergency fund, clear any wedding debt, and put a monthly amount against each shared goal. Can a married couple file a joint income tax return in India? No. Each spouse files their own return and chooses the old or new regime separately. Joint planning still helps, for example when buying a home as co-owners and co-borrowers. Are wedding gifts taxable in India? Gifts received on the occasion of your marriage are tax-free, whoever gives them and whatever the amount. Keep a simple record of large gifts in case you are asked about the source later. Can both spouses claim tax benefits on a joint home loan? In the old regime, yes. Each co-owner who is also a co-borrower can claim up to INR 2 lakh of interest on a self-occupied home and the principal under 80C. The new regime allows neither deduction. Can Kosh show both partners' finances together? Kosh reads any Indian bank, card or investment statement you upload and sorts every transaction. Upload both partners' statements and you get one picture of household income, spending and goals. General information for planning, not tax, legal or investment advice. Kosh is an educational financial planning tool by Primedepth Labs. It is not a SEBI-registered investment adviser and does not offer personalised investment advice, hold your money or execute trades. Markets carry risk; read scheme documents carefully and consult a registered adviser before acting.