Multiple Accounts Often Make Sense

Consider having both separate and joint accounts, and decide which expenses will be paid from which account. Most people feel happier and more empowered when they don’t need to account to anyone else about their personal spending.

There’s no single formula that fits for every couple. Some couples contribute to a single account to cover joint expenses while keeping most of their income separate. Other couples divide the responsibility for paying different expenses.

Your weekly assignment, should you choose to accept it:

Discuss whether the system you are currently using is satisfactory for both of you. Even if it is, imagine using other options and see how you feel about them.

This is an excerpt from Being Happy Together: How to Have a Fabulous Relationship With Your Life Partner in Less Than an Hour a Week, by Laurie Weiss, Ph.D.

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