Life’s Financial Journeys
There are many ways to handle the day-to-day spending of money to meet your desires. For example, each of you might contribute a certain amount of income to a “joint” account for paying all normal monthly expenses. You might then decide to separately take care of expenses that are unique to just one of you.
Many couples who have been married before, or who have children from a previous marriage, decide to keep three sets of financial records – one for each party and one for joint obligations.
Decide what each of you needs to contribute to the joint account to pay for normal monthly expenses of running your household.
The following resources may assist you in deciding how you will manage your day-to-day finances:
Blending Two Lives Tasks
1. Creating a joint spending plan
1. Determine what you own separately and together
↑ Return to 1. Creating a joint spending plan
Decide how you will manage your day-to-day finances
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