Ideally, you should discuss how money is managed in yourrelationshipbefore marriage. Each partner comes from different family backgrounds and has different experiences, so they may have different expectations. As a rule, there are 2 ways.Decide for yourself which one is suitable for you.
Overall
Actually having money together means that both partners know about all their substantial income and expenses. Spouses who manage together have only 2 checking accountswhich should ideally have 1 card(e.g., excluding savings accounts). Both men and women have equal rights to conduct transactions.
The biggest benefits of managing money together aretrust, openness and overview. Each of the spouses knows exactly how much they can afford to spend and what income the other has. This is important enough for marriage. In addition, they also have an overview of card payments and withdrawals made by their partners, thus reducing the risk of unnecessary spending and secret purchases
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And here we come to the shortcomings that are most often discussed. If they both have joint accounts, there is no room for surprise. It is more difficult to hide the larger expenses that you are trying to make your partner happy. Another disadvantage may be the fact that more thrifty people do not have the opportunity to secretly procrastinate to save someone they like to spend.
In particular,
A couple who opt for another money management usually works as follows: Each of them has its own accountwhere their income goes. Then the costs are divided, for example, men pay for housing and cars, and women pay for food. Everyone makes their own expense.
The advantage is the possibility of saving at least a theoreticalmorebecause they depend on their account and don\’t want to get into a situation where they don\’t come out. Partners can also come in handy, on the face of it, sometimessecretly postponefor certain things (bigger gifts, holidays, new cars) or simply for uncle events.
However, in the management of this money, often quarrels can occur. The man accused the woman of having nothing left and told him to try to buy food for such a large family, especially since this month there were 2 visitors, of course, it can also work in the opposite way. Partners whose funds are initially exhausted find themselves in an awkward position where they have to ask others to set up.
Consider carefully which path to choose, because 3 things – communication, sex and money – must work perfectly in a relationship.