![]() We use an expense tracker to equally split bills and daily expenses. Although there is some empirical research showing that people who combine their bank accounts feel a greater sense of “financial togetherness,” which can in turn promote relationship satisfaction, we prefer the feeling of personal control that comes with maintaining separate bank accounts. Unlike many working professionals, when we got married, my husband and I decided not to combine our finances. To that end, we asked three groups of people to tell us what they do in their own relationships: professional advisers, academics who study financial behavior, and Wall Street Journal readers. ![]() We wanted to know the different approaches that couples and partners take. Others, meanwhile, have each partner focus on their individual strengths: One person may be a good at the nitty-gritty of budgets and bills while the other is a big-picture thinker when it comes to money. Some people want a 50/50 split of duties some defer all tasks to one partner. How tasks and decision-making are split can depend on a partner’s existing financial know-how, interest or willingness. Of course, there is no single right or wrong way for couples to divvy up their finances and financial duties.
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