What is the best way for a married couple to handle their finances?
Should one person be in charge? Separate accounts? Joint accounts? What is your experience?
The best way is (their) way.
Truthfully there is no "best way" or "universally accepted way" for a couple to handle their finances. Some couples are fine with having a joint checking and savings account where one person is responsible for paying creditors and utilities.
This was very common back in the days where the man worked and the woman stayed home to care for their children. Oftentimes the wife handled all of the finances and gave the husband some spending money. There were also men who handled all the family's financial matters. Whomever was best with keeping track handled things.
Other couples have separate accounts and divide their financial responsibilities. One person may pay the mortgage while the other handles utilities, car insurance, groceries, and assorted items. In some instances they split everything like roommates.
Some people subscribe to having multiple accounts where the joint accounts are used to pay bills and the other accounts are used to spend as each individual desires.
This allows them to surprise one another with gifts and so forth as well as avoid arguments over how money is spent as long as what's in the joint account covers their expenses and savings goals.
Personalities and individual spending/savings habits will dictate the best path for a couple to embark on.
The worst thing one can do is attempt to (force) their mate into handling finances differently from what they want.
If both people don't buy into the plan it's doomed to fail.
by Karen7 years ago
Is it better for a married couple to have separate or merged bank accounts?
by butterflyz14 months ago
How often do you think married couples have sex? Or should have sex?
by Jan Fowler7 years ago
Is it a good idea for a married couple to work together in the same business?Are there limits or boundaries that should be agreed upon before adding a business relationship to a marraige?
by Sumi2 years ago
What traits should a married couple share to be labeled as the 'Best Couple'
by Quest5 years ago
What would be best vacation for a married couple that has been together for 11 years...
by Anthea Kwaw6 years ago
What suggestions do you have for a married couple to spruce up their sex life when it dries up?
Copyright © 2018 HubPages Inc. and respective owners.
Other product and company names shown may be trademarks of their respective owners.
HubPages® is a registered Service Mark of HubPages, Inc.
HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.