Merging Resources in a New Marriage
Pennywise brought up an interesting topic,men, women & finance.
does anyone have suggestions for how a newly married couple should go about merging their resources?
You know, like how do you handle the checking account. I'm inclined to say that, starting off, perhaps is easiest to begin by merging the 2 separate checking accounts into one joint account, and put 1 person in charge of bill-paying.
What if one spouse doesn't work, or works only part-time? How do others here manage to keep cash flow available to the non-working spouse for various purchases, groceries, etc?
Investment accounts i guess will be a bit more involved to merge so there's no unnecessary duplication.
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