![]() In this approach, couples contribute equally to a shared pool of money and pay for all expenses through this. ![]() This approach especially makes sense if one partner is staying home to take care of the kids, is in school, or otherwise isn’t earning an income. Some couples with greatly varied incomes still choose to merge their incomes completely. Whether over a cup or coffee or a glass of wine, sit down with your partner to look at your monthly expenses and make adjustments to your monthly contributions as needed. Once you've decided how much each of you is contributing, automate your finances! Set up a monthly recurring transfer after you get paid to fund your joint checking and savings accounts.It’s worth noting that this also means either of you can remove money or charge things to your credit card. That way either of you can access your accounts in case of an emergency. *Pro tip* Make sure both your names are on your shared accounts and credit card.Joint credit card - gives you each the ability to charge shared purchases easily. Joint savings account - pull any excess money into this account for your goals. Joint checking account - where you each contribute your portion of income. Check out our varied income section for more details on how to approach this. If you make very different incomes, you can choose to contribute to your joint bank account equally or proportionally to your income.80% of take home pay) while others may select a dollar amount (eg. Some couples choose to contribute a percentage of their income (eg. Then decide how much you each want to contribute to your shared expenses.You can always look at your spending patterns in Zeta by searching categories. *Pro tip* Looking at your spending habits over the past few months can help you get a better estimate of how much you spend together monthly.This will give you a sense of how much you need to cover together. Estimate your shared expenses (rent, eating-out, travel) and set a target shared monthly budget.CONS: Some critics feel like certain pre-marital money (like student debt or mortgages) should be a shared burden, as you’re both benefiting from the fruits of those investments during your marriage.CONS: Separate accounts can create trust issues with your partner - especially if one partner likes to be in the know or is prone to suspicion.CONS: If you’re married, some relationship experts believe that having separated finances creates an unproductive distinction between "mine" and "yours.".shared spending) and what it’s going towards (eating out together vs. PRO: It’s easier to pinpoint where your money is going (personal vs.For example, you have the ability to support other family members or buy large items out of your individual account without feeling like you’re spending your shared money. ![]() PRO: Partners report feeling less scrutiny over their own purchases since they're coming out of their individual accounts.PRO: If a partner really values their financial autonomy, this model allows them to maintain that independence while easily managing and paying for shared expenses.
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