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Good personal finance used to be pretty one-note. It was based in the idea that all of us would grow up, get married, have the 2.5 kids and dog in the nice home with dad as the primary breadwinner while the mom focused on the kids, before finally retiring to sunny Florida.
There’s nothing wrong with that picture (or the personal finance strategy that goes with it), but that’s not the way the world works for many of us these days. And if your life path is headed in a different direction, then a standard money management strategy may not work for you either.
The information below can help you answer some key questions about your financial future as a couple. But in the end, it’s up to you to map your own financial destiny. If you have questions or you’re having trouble with debt, call us and we can help, We also encourage you to sign up for a personal financial management platform to make it easier to manage your money — no matter which strategy you choose.
Key Question №1: Joint or Separate?
The biggest question that couples face is whether you want to maintain separate accounts or plan on eventually merging your finances with joint accounts. Joint finance means you have the same bank accounts, file taxes together, apply for credit and loans together, and —…
