This Business News Story Was Uncovered By Us From: https://www.youngadultmoney.com/combine-finances-when-engaged/
This selected industry related news Piece, was selected personally by Marcus lee, who is one of our undercover online business news broadcast reporters – will provide you further insight in how these points of discussion could be decoded into your own business projects.
Enjoy this post by our friend Stefanie O’Connell Rodriguez.
The week after I got engaged I opened my first shared bank account with my fiancé.
We had a wedding to save for and a shared savings account seemed like a good way for us to work toward that goal together.
Having all of your money flowing into one shared place can simplify everything from day to day expense management, like paying the rent, to planning for the future, like saving for a honeymoon.
But my fiancé and I were 32 years old when we got engaged. We’d already spent well over a decade earning, saving, spending and managing our own money.
I didn’t want to give up my fancy workout classes that my fiancé may have considered overpriced any more than he wanted to stop buying UFC pay per view fights that I had no interest in watching.
So while financial cooperation was important to us as we entered into this new life stage, so was our financial independence and autonomy.
Rather than trying to choose between two extremes – combining all of our finances or keeping our money totally separate, we decided to develop our own system for merging our money. One that didn’t dictate exactly how many bank accounts we could or couldn’t have, but rather, one that provided us with a framework to start managing our money as a team. A framework created around three central tenets…
expectations
rules
an… Read More
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