4 Ways for Couples to Share Finances

Kristina Kraus
Greater Nevada Credit Union
According to a recent survey, finances are the leading cause of stress in a relationship. And since every relationship is unique, it’s important to discuss sharing finances sooner rather than later. Following are some different ways couples, including newlyweds, merge their money that may spark ideas for you and your significant other. 

50/50 Approach

For households where each person earns approximately the same, many have a joint account that both can contribute to equally through automated deposits. The money in that account is used to pay for common bills and household items, while each person may still have their own savings or checking account for individual use.

Equal Percentage

If one person makes substantially more in a relationship, each may contribute an equal percentage of his or her income into a joint account. For example, if a couple agrees to contribute 50 percent of earnings each month, the person bringing home $5,000 puts in $2,500, while the person who brings home $2,000 each month puts $1,000 into that account. The joint account could then be used for any bills and communal expenses.


In a relationship with a single-income, having one joint account with the earner managing the bills and finances is an option to consider.  However, it’s still important to make any financial decisions as a team and that everyone has access to the account. After all, managing a household can be a full-time job, and the partner doing that job will need funds to keep things running smoothly.

Click here to read more about managing money on a single-income.

Keep it Separate

Some couples, especially those with a significant amount of individual assets and both earning steady paychecks, prefer to keep their finances separate. The reasons can include maintaining financial independence and money management skills. They then arrange sharing costs and paying bills without using a joint account.

There is no right or wrong way for couples to combine finances or share bills. The important thing is to agree on a plan early on, and be sure to consider other joint goals, such as paying down debt, building an emergency fund, and investing for the future.