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How to Handle Finances in a Marriage

How can you handle money as a newlywed couple? You should address this one realistic consideration, ideally before saying, “I do,” that will allow you to have a real understanding on how you can handle your finances as a couple. Couples may handle their finances in one of three ways: individually, jointly, or through a combination of separate and joint accounts. Here are some pointers to help you find out which methods would work best for you, as well as the advantages and disadvantages of each system. Managing Money as a Newly Married Couple with Separate Accounts Many couples may find that keeping separate accounts is a safe starting point, particularly if they are used to handling their own finances and don’t have many shared expenses. When two people move in together, there would almost certainly be a wage disparity, not to mention any debts that are brought into the…