When deciding to create a partnership, many couples think the first step is a joint bank account. But sharing bank accounts with your partner may make your budget issues even worse, according to Suze Orman, host of the "Women & Money" podcast. The bestselling author and her partner, K.T...
Suze Orman: Here's how couples should split their finances Couples share a lot with their partners. They should not, however, share bank accounts, according to Suze Orman, host of the "Women & Money" podcast. Having joint bank accounts can lead to power imbalances and a loss of autonomy,...
A new survey from Forbes says 38% of couples report financial problems as a cause of their divorce, the third-highest reason behind arguing and getting married too young. Julia Carpenter, a reporter for the Wall Street Journal whose recent article covers
The key thing to remember is all couples are different and there’s no right or wrong way to split the bills – you need to settle on an arrangement that works for you. When you share jars in the HyperJar app with a partner, you can send messages and reminders to them from the...
This sounds easier than it sometimes is. Most couples are so busy working, raising children, chasing short-term goals, and running a household that they hardly have time to talk to each other. You may have to go out of your way to schedule a conversation about your finances, even twice ...
Jacqui FrankKara ChinSara Silverstein
how you’ll split costs, and what you’ll do in the event of a breakup. If you’re married, and one of you is contributing more to the down payment, you should still pay attention — and potentially get something in writing — if you live in acommunity property statelike California, ...
“All the money flows into it and all bills/expenses/savings come out of it.” Not only does she believe that this will increase your transparency and clarity, but it should also keep stress and awkward money conversations to a minimum—which is especially useful if one of you is always ...
Should we join our accounts? Some couples may choose to join all accounts, while others may consider retaining their separate savings accounts for individual expenses and gifts. Couples that want more time to decide may consider starting with an account that can be shared to cover hou...
Although reducing debt should be priority number one when it comes to lowering financial stress, you should make an exception if your employer offers any sort of matching against your 401(k) or IRA contributions. If you can't decide how to invest the money you put in your 401(k) or IRA...