How should finances be handled in a marriage?
How should finances be handled in a marriage?
When you’re sharing responsibility for finances, a compromise could be the best way to go. You can open a joint account to take care of the bills, but keep your own accounts to pay for the things you individually want. It’s a great way to make budgeting easier and keep some independence and privacy.
When a husband give money to wife it is called?
In marriage, it’s called dowry. In divorce, alimony.
Should relationships be 50 50 financially?
Some experts note that the 50/50 rule doesn’t always work though: “If one spouse makes significantly more than the other, but their expenses are fairly comparable, the split should be closer to 50/50. “It’s important to find a balance between how much each spouse spends and how much they contribute to the household.
Who should pay the bills husband or wife?
I generally recommend that spouses pay the bills from a joint account. Contributions to the account could be made in proportion to the income the spouses receive, or the higher income person could make 100% of the contributions so the lower income spouse can invest.
