It’s a sad fact that money is one of the greatest sources of tension between couples. As consumers, we tend to equate greenbacks with our success, status and, frequently, self-worth. Therefore, a lot is at stake when you decide to merge your finances with the one you love. Everyone has different ideas regarding where to spend and where to splurge, and that’s when couples run into trouble.
Some opt to duke it out, while others prefer to keep separate bank accounts to avoid some of the hassle. While no solution is foolproof, take into consideration the following factors when determining a plan that is right for you.
Family Ties
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However, 50 years ago, enormous debt and child support payments weren’t common. With dual-income households and student loans in most household equations, how you split your money is becoming less about advice from Grandpa and more about individuality and autonomy. No one, including your parents, your church or your financial guru, should be telling you the “right” way to handle your finances.
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