US EditionThe Separate + Joint Method: How My Spouse and I Manage Our Money
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The Separate + Joint Method: How My Spouse and I Manage Our Money
I officially got married over the weekend. While I've been excited for this next chapter of my life for a while now, I wasn't as sure on how my wife and I would approach our finances. After all, how do you get two individuals who've managed their own money for so long to bring their financial worlds together? I've heard many different solutions to this problem. Some say that you should pool everything together into a joint account while others i…
Marrying or engaging with a long-term person can lead to the union of goods, traditions and sometimes – but not always – bank accounts. There is no good or bad way for partners to pool their money, but they still need to hear about their finances. "To get a financial understanding, we need to first discuss its objectives and values," says Meranda Hamilton, Senior Product Group Manager at TD. "The best starting point is to define its objectives, …
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