There is a regular column called "Home Economics" about personal finances, and recently there was a 5 part series about a couple deciding how to manage their money together (or separate).
She broke couples up into three types: Common Potters, who have one joint account for everything; Sometimes Sharers; and Independent Operators, who maintain their separate accounts throughout life.
The Mr. and I are Common Potters--we joined our accounts when we bought our house, before we were married, and never looked back. However, the data calculator says that, in our demographic, 50% of people are Sometimes Sharers, 40% are Common Potters, and 10% keep separate accounts entirely.
Check this out:
- Common Potters have, on average, been together 11 years (we're at a whopping two).
- Percentage who are married: 94.1% (got it).
- Average age: 34.5 (our average age is 29.5...close enough).
- Percentage with children: 45.8% (not yet!)
Read the rest of the article here. It's a little different for everyone. What works for you? Let me know in the comments below!
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