How Should Married Couples Split Finances?

If you want to wade into an emotionally charged topic, this is it. How should married couples split finances is a perfect storm of money and relationships. To do it right, one must consider all options and pick the one right for your personality and relationship.

Married couples should split finances by having one joint account for household spending, separate accounts for personal spending, or keep finances completely split by divvying up the bills.

So how should married couples split finances and their money responsibilities?

Because I love knowing how other people do manage their money, I really wanted to see if there was any data out there about how married couples handle finances. There are headlines that proclaim that millennials don’t open joint accounts. Sounds more like click bait.

On the other side of the spectrum, people say that keeping money separate will lead to an unhappy marriage.

But the truth is that how people handle their money is a bit mixed. According to a TD Ameritrade survey, 82% of people living together have a joint account. But 42% of people living together also keep a separate account.

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Author: Donna Woods

  • 6+ years of experience in financial analysis
  • 5+ years of experience as a writer, published author, editor, and screenwriter