Monday, June 27

What is the best way to organize finances as a couple (and what are the advantages and disadvantages of having the same bank account)

  • Cecilia Barría
  • BBC World News


Image source, Getty Images


Before starting a life as a couple, experts recommend not only talking about income, but also about the debts that each brings to the relationship.

Money management is such a controversial topic in some couples, that it can even become the trigger for the end of the relationship.

While there are laws that regulate the sharing of resources when couples separate or divorce, there are no rules on how to organize family resources when two people decide to live as a couple or marry.

The first thing that experts recommend is to speak directly about the subject. That implies not only asking about the other person’s income, but also about their debts.

Ultimately, the other person’s debt load will end up influencing the family finances.

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