How Do You Combine Finances For Married Couples?
It’s no secret that money is one of the most common problem areas for married couples. Here are some tips for merging your money without losing your mind. Make a plan either before getting married or moving in together, whatever happens first. Decide who is going to have primary responsibility for paying the bills, or how you’re going to share them. Create a budget and use it. The easiest way to keep money from tormenting your marriage is to know what the bills are each month, and how much money is left over after they are paid. Save your saver vs. spending debates for after-bills discretionary income. Don’t get into all the trouble that comes with late charges, over limit fees or any other problem associated with non-payment of your bills. The important thing is full disclosure. The budget only works if you are both completely honest about how much you spend, which means logging every purchase that doesn’t come out of your spending money. Create a joint checking account. Pay all the b
