Couples keeping separate accounts
Many young couples are choosing to keep their finances separate and not even operate a joint account to pay for a mortgage in both of their names. Most however have three accounts, one joint account and two separate accounts.
A Relationships Australia survey found that financial difficulties were nominated as a cause of relationship problems by 40 per cent of people across all income levels. Conflict over money was nominated as a major reason for separation on 35 per cent of divorces.
So sharing savings – and particularly debt – isn’t a decision to take lightly.
Source: The Daily Telegraph