Household finances is one of the crucial topics that I help couples discuss in premarital therapy. Those couples that don’t have this conversation before tying the knot often end up disagreeing about it later in their relationships.
There are different ways that couples can handle their finances, which is why couples really need to figure out how they’re going to approach it from day one. I often refer couples to the article “Should Couples Have Separate Accounts?” at The Motley Fool for guidance about the different options and also a thorough explanation of the pros and cons of each approach.
You may follow Nathan on: