![]() You might decide, as a couple, to bump up the savings another $2,000 each month and split the spare $1,000. Let’s assume that it will cost $3,000 a month to cover his responsibilities and it will cost you $3,000 to cover yours. You are responsible (in this example) for everything else – including saving for the future. Let’s say he’s responsible to pay the mortgage and to buy food. Let’s say you bring home $7,000 a month and your husband brings home $2,000. But you also get an area of responsibility. Even if you make most of the money and your husband does most of the spending, you can still find a way to split the finances rather than the marriage. They argue over what’s necessary and what isn’t.īy separating your money, you don’t have to worry about that anymore. The reason I focus on spending is because it’s typically budgeting and spending tracking that causes couples to fight. The trick to separating finances is to set up strict monthly goals without micromanaging your partner’s spending. It can also significantly reduce the conflict at home. ![]() Believe it or not, keeping the money separate can sometimes do wonders to help you increase savings, maintain a high credit score, track your budget and advance toward your financial dreams. You’ll know if you are that one in 10 if you and your spouse fight about money and/or just don’t seem to make any headway toward your ultimate financial goals. My experience tells me that one in 10 couples should keep their finances separate. It’s also easier to work together to plot a course for the future. It’s easier to track spending and savings. Normally, I recommend that couples keep their finances together. It might be the best way to keep your relationship intact. If that doesn’t work, consider having separate finances. If you and your spouse argue about money, learn how to sit down and talk about money together.
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