When An 'I Do' Also Means 'We Won't' For Personal Finance
These days, it's generally assumed that with young, newlywed couples, both spouses will continue to work--at least until children come along.
But according to Business Insider, some couples are questioning the received wisdom of combining finances as soon as the wedding cake has been cut.
For one thing, couples may have different savings goals, and different levels of debt.
Being in charge of your own debt only keeps you in control, and also stops you from feeling resentful if your partner runs up his or her own credit card.
Remember, not merging finances doesn't mean you can't save for joint goals, such as a house. It does mean you can save at your own pace, in your own way.
But according to Business Insider, some couples are questioning the received wisdom of combining finances as soon as the wedding cake has been cut.
For one thing, couples may have different savings goals, and different levels of debt.
Being in charge of your own debt only keeps you in control, and also stops you from feeling resentful if your partner runs up his or her own credit card.
Remember, not merging finances doesn't mean you can't save for joint goals, such as a house. It does mean you can save at your own pace, in your own way.
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