Love and money don't always get along and if not, ask all those couples who end up broken because of vile metal. Therefore, it is important to correctly manage your finances as a couple. There is no perfect formula to run the common economy. Each couple is different, but there are a series of tricks that usually work. To start, it's worth talking about money. Second, it is important to create a budget, reach agreements and follow them, especially when the couple lives together. And finally, it is not advisable to hide debts or financial problems.
Additionally, there comes a point in every relationship when common expenses multiply. Weekly shopping, rent, electricity and water bills, children's expenses... It is important to find out how much money is needed each month to pay all joint expenses.
The truth is that there is no secret recipe, but centralizing all expenses in a joint account usually makes things much easier, explain the experts at the financial products comparator HelpMyCash.com. Otherwise, the common economy can become chaos, since each member of the couple will have to continually calculate what the other has paid and pay off their debts. On the other hand, if everything is managed through a joint account and each person deposits the same amount or the amount agreed upon each month, everything will be paid in half.
Nowadays opening a joint account is very easy. It can be done online. The best shared accounts are free, have no requirements, allow you to make transfers at no cost, direct debit receipts and pay by card. The HelpMyCash comparator has analyzed the market in search of the best ones.
