Couples Managing Money


You meet someone, you date for a few months, and then before you know it your clothes are tumbling along each other in the dryer, and  your sharing bills? Inevitably there comes a time in a newly blossoming relationship when the couple goes from dating to living together. For some couples the couples managing moneytransition happens quickly for others years may go by before they are ready to make that kind of commitment. One of the biggest “should we move in together” factors usually comes down to finances.  When you decide to have the “talk” it is important to decide how you will split the household bills and financial management.  Without a plan the relationship is bound to suffer from arguments involving money.

So where do you start and how much do you entwine financially with your partner?

Ways to help couples managing money from an expert .

Talk about Debt

First things first; you must be straight with your partner. Debt is an ugly secret that ranks right up there with cheating or lying to your partner. If you are considering sharing financial responsibilities its time to fess up about any debt that you may have. Your partner is bound to be affected by major debt obligations that you have and should be made aware that the debt exists and what your plan for getting debt help is. You may be surprised how supportive your partner can be as you work to pay down your debt.  Couples Managing money together can really develop a bond. Try it!

Together or Separate Finances

Just because you move in together doesn’t mean you have to share the same bank account, open credit cards together, or co-sign on each other’s loans. There are several options when it comes to combining households.

  • Separate accounts.  To keep the peace some couples opt to keep their accounts separate and split the bills. (For example one partner pays the rent, while the other pays the utilities).
  • Joint accounts.  A joint account can be set up where both partners apply funds to pay the household expenses. Additionally you may choose to open a savings account together to save for your future home, vacations, or big-ticket items.
  • A combination of both.  Maybe a joint account for household bills and separate accounts to manage other expenses such as car payments, debt payments, or potential child support obligations. When couples managing money have a plan the relationship will run smoother.

Who Manages the Bills?

However you choose to pay the bills there still needs to be  someone who is responsible for making sure the rent gets paid, the utilities are kept on, and rainy day savings are being kept up. How do you decide who takes the lead? If one partner decides to take the financial reins it is important to remember that while they have taken the responsibility of paying the bills that you keep yourself in the loop. At no point in the relationship should you find yourself in the dark about your household finances or debt management. Consider having a weekly / monthly meeting to discuss the household finances so that both partners are on the same page. If you decide to manage the household bills together be sure to set aside a time without distractions where both partners and can be involved. Couples managing money with a plan are far more likely to stay way from money problems and fights over money.

Regardless of whether your finances are joint or separate, how do you handle mingling households and finances? If you were dating, would you demand that your partner’s debt be paid in full before making a long-term commitment? Or are finances completely irrelevant? Couples managing money together must find common ground and often that builds a stronger and better relationship.



Suzanne Cramer

money problems, deft problems, relations and money
Suzanne is a certified credit counselor and a Social Media Specialist for CareOne Debt Relief Services. Suzanne writes for Divorce, Debt and Finances and A Straight Talk on Debt. Follow Suzanne on Twitter @SuzanneCramer1 and @AskCareOne where she shares her insights on divorce and managing your finances.

Susan is a featured Diva for Diva.. a woman magnifying her talents and blessing the loves of others ~ A Diva.  If you are a Diva I would love to feature you and your talents to bless the lives of other with your shared wisdom. Suzanne can help couples managing money together stay out of the money trouble traps and have a better relationship!

If You would like a to be featured Diva for send me a Bio to explaining you area of expertise and as it relates to building better relations for couple or dating help .


  1. Kim Garst

    March 7, 2012 at 2:56 pm

    Excellent article and one that covers those little details that so many don’t want to deal with. Great info!

  2. Angie

    March 7, 2012 at 3:12 pm

    Great tips. I agree that debt is an UGLY secret! But it doesn’t have to be. There is no shame in needing financial help or being in debt, or even being flat broke! In fact more people have financial demons than don’t! Being honest is easy, and you’ll find that you are NOT alone.

    • datingdiva61

      March 7, 2012 at 4:23 pm

      Amen sweetie!!! Just be honest and fair and I think you’ll save much heart ache.

  3. denny hagel

    March 7, 2012 at 4:14 pm

    Excellent article! With so many marriages ending in divorce and the majority stating money as the root of their problems I think it is excellent advice for couples to start right at the beginning establishing their expectations and boundaries! Great job!

    • datingdiva61

      March 7, 2012 at 4:22 pm

      It’s so true.. start out right and you’ll be on a great path to a lasting relationship!

  4. Patricia Ogilvie

    March 7, 2012 at 7:20 pm

    wow – great advice! I remember when I first began a serious relationship with my boyfriend (who later became my husband) I asked him for $5 – yep 5 bucks! And you know what he told me? ”

    What do you need it for?”

    Hit me like a 2×4 – realized we were not yet ready for a trusting relationship – not at that time!

    Love the article, great job today!

    • datingdiva61

      March 7, 2012 at 7:42 pm

      oh my lol Well it’s all part of growing as a couple and I thought is was great advice for singles getting ready to take the next time step!

  5. Mandy Edwards

    March 7, 2012 at 8:50 pm

    Great post! This is applicable to newlyweds too – it’s s shocker when you go from living alone to living with someone!

    • datingdiva61

      March 7, 2012 at 9:07 pm

      it sure is.. it took me a while to adjust to it. We do much of the things suggested in the article to help with the money issues!

  6. Michele

    March 7, 2012 at 8:54 pm

    What a great article full of great advice. While I agree many have debt, being honest about it is very important. I really think money issues, not handled properly, can be the end of even the best of relationships.

    • datingdiva61

      March 7, 2012 at 9:06 pm

      I see it all the time. I would love to help couple fix it before it starts ..;)

  7. Lorii

    March 7, 2012 at 10:11 pm

    great article you here!

  8. Kelly

    March 8, 2012 at 3:04 am

    Excellent and informative article for all couples thinking about living together – having this conversation early in the relationship is bound to prevent misgivings and hurt feelings later.

    • datingdiva61

      March 8, 2012 at 7:25 am

      me too Kelly, people don’t really talk enough about it and end up having battles over it that causes strife in their relationship.

  9. Lori

    March 8, 2012 at 6:56 am

    Great article. I think these are things that people don’t really think about but are important. Thanks for sharing.

  10. Anita

    March 8, 2012 at 7:03 am

    Excellent post! I will share your thoughts and wisdom. A friend of mine can use this advice for sure!

    • datingdiva61

      March 8, 2012 at 7:23 am

      Thanks Anita.. I love to help where I can!

  11. Lorrie

    March 8, 2012 at 7:13 am

    Well…you are not afraid of taking on the tough ones…it is in the laundry and the checkbook that we see where our values align…or not.

  12. Jennifer Bennett

    March 8, 2012 at 7:11 pm

    Great article! So important that couples talk about finances…it can save so much heartache in the future!

  13. Suzanne Cramer

    March 9, 2012 at 9:29 am

    Thanks everyone for the kind words on this article :) As someone who has been divorced twice I have eared my stripes on this one and speak from experience!

    • datingdiva61

      March 9, 2012 at 11:20 am

      Thanks for sharing your knowledge with my readers and friends. It’s great advice Suzanne.

  14. witheredLILY

    March 12, 2012 at 9:51 am

    money is really a hard matter to handle. it can make a relationship stringer or break. and in handling financial you can see the side the other personality of your partner.

  15. Jennifer

    March 14, 2012 at 3:37 am

    This is such a great article! Debt and money management are NOT fun to talk about. And when you’re in love and excited about moving in together who wants to drag it down with money talk?? But, if you want to make it last, you have to deal with reality . . .

  16. Roxi

    March 19, 2012 at 4:41 pm

    Great article! Too many people let love cloud their financial vision.


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