Coupling Your Finances

Coupling your finances is a huge step. In some ways, even bigger than deciding to get married. In fact, many married couples today still have completely separate bank accounts and simply split everything evenly right down the middle. However, there are some huge advantages of mashing your finances together. It makes managing your family’s money much easier and can help avoid arguments and disagreements when it comes to paying for something new. But, there is a lot to think about. Here are some tips to help you get it right.

Be Sure

Once your finances are linked, to an extent, they are always linked. If you were to split up in the future, any credit check would show up your financial link. Their credit score could affect your own even if it was just a joint credit card. Make sure this is what you want before committing to share your money in any respect.

Keep Some Separation

One thing that worries people about merging their finances is not feeling like they have their own money or feeling like they have to ask for their partner’s permission to splurge a little. The occasional treat is a good thing, so if you want to keep some money for yourself, do it. Open a joint account but keep your own accounts too. Both commit to paying a certain amount a week into the joint account to cover household bills and expenses but keep any extra for yourself. There’s nothing wrong with craving a little financial independence.


It’s a good idea also to open a joint savings account. Set up standing orders to both pay in a set amount each week or month and add more when you can. This way, you’ve always got some money if something unexpected crops up, without having to worry about dipping into your joint account.


If anything were to happen to you, without the appropriate coverage from MeetFabric – AD&D Insurance your partner could be left struggling. Deciding to couple your finances is a huge step, so it’s also a great time to decide to protect each other and your family in the future.

Pay Off Debt

If either, or both of you are in debt, it can make the coupling more complicated. You shouldn’t expect your partner to be responsible for your debts, but you may struggle to make the same contributions to your joint accounts if you are paying off large debts. This can be hard for both of you to come to terms with. You’ll also have trouble getting accepted for the best accounts, or mortgages with large debts. So, it might be worth making a plan to pay off what you can before you complete your financial coupling.


Money is one of the biggest causes of marital arguments. The best way to avoid this is to talk. Be honest about what you’ve got and what you need, as well as how you feel. If you are worried that you can’t make the same contributions, tell your partner. If you have concerns that you are taking advantage, because you earn less, speak to your partner. This is something you must go into by being completely open with each other.

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