How do you and your partner split your finances? Ally Bank recently surveyed consumers about how they approach finances with their partners and they found that 46% choose to fully combine their finances.
I prefer to have a yours mine and ours account so that I have some autonomy in how I spend money. So does 38% of the consumers interviewed. This way we pay joint expenses together but we also each have discretionary spending. This gives us privacy and choices. What do you think? What works best for your family?
Only 16% of consumers keep their money completely separate.
There is nor ight or wrong way to manage your money. In my opinion, we find the way that works best for you and your situation. Do you have any experiences you could share?