The decision to share finances depends on where you are in your relationship, as well as your personal preferences. While some couples pool the majority of their money into joint accounts, others opt to keep their accounts separate and split their expenses. Before you decide, research your options. Some routes, such as taking out a joint credit card, could have a negative impact on your personal credit if your partner racks up the bill.
While it’s not always easy to discuss finances, it’s important for a relationship’s longevity that both partners are on the same page. For instance, research shows that arguing about money can be a top indicator for divorce. The ability to have frank conversations about money is a skill that you’ll be glad to have honed — and this seven question checklist is only the beginning.
