Nearly 54% of people believe that a partner with debt is a reason to consider divorce.
I personally feel bad reading this because finance doesn’t have to be complicated. It just requires a little bit of discipline and understanding.
If you are currently living with your partner, you are probably splitting expenses, budgeting together, and maybe you’re also paying off debt together.
Here are a few tips to live your rich life together so money doesn’t ever become a problem in your lives:
1️⃣ Have four bank accounts:
A joint bank account: Pay all household expenses from this account. After that’s paid, decide what percentage of the money goes into a savings account.
A savings account: It should require both of your signatures to move the money. Use this for big-ticket purchases like a car, a house, or a lavish vacation.
Personal accounts: Each partner should have their own personal account to spend on their vices.
And as always, if you get any value out of this, share these useful tips with your partner.
#Budgeting #CouplesFinance #FinancialTips #LiveRich #FinancialHarmony #MoneyManagement #FinancialPlanning #RelationshipGoals #FinancialDiscipline #SaveSmart
DISCLAIMER AND DISCLOSURE:
The information provided in this material is for educational and informational purposes only. It is not intended to be, and should not be construed as, financial advice. The content presented does not consider your specific financial situation, objectives, or risk tolerance. Any actions you take based on the information provided are at your own risk.
Always consult with a qualified financial advisor or professional before making any investment decisions.