Having separate bank accounts can help partners maintain their autonomy, according to financial expert Suze Orman. Watch this video to see how you can fairly divide household expenses. .
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Suze Orman: Here's how couples should split their finances
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Suze Orman: Here's how couples should split their finances
finance in marriage
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28 comments
Here is the simple solution. Put all household income in one account. Each person gets 10% of total to do what they want and the rest is for running the household and saving for a rainy day. Its that simple, anyone who doesn't agree is selfish and you should remain single.
I can say this based on first hand experience. My wife won't agree with this. Her money is her money and my money is her money…result is I go hungry so she can spend 500 a month on hair and nails to go with new nice clothes all the time. It's doesn't fell good knowing you are not a priority to your spouse.
Person A after tax earnings = 7000
Person B after tax earnings = 3000
Person A pays: 7000/(7000+3000) = 0.70 = 70%
Person B pays: 3000/(7000+3000) = 0.30 = 30%
This calculation is not based on household expenses as they might change every month, nevertheless it gives exactly same proportion.
How do you pay at a restaurant? You gotta Venmo your spouse or reminds them every time? And with the mortgage, if they split up does one of them own more equity than the other? Seems like more resentment would happen this way. What is the downside to a joint account and budgeting together? Makes sense to me if 2 people contribute to a relationship they should both own everything together equally.
What happens if your spouses blows all of their personal money, are they entitled to yours too?
This is some of the worst advice I've ever heard.
extraordinary 😜
The Percentage advise is SPOT ON! I agree. I've always felt that was the right way.
Scammer
Scammer
How about 5050 of each person income
Ladies .. if you do have a joint account with your husband, your man is definitely hiding some money somewhere that you don’t know about … fact ✅
Don't really like this advice, If you can't figure out your money situation with the one you truly love? Then hate to break it to you, your probably not truly in love!! 19 years married, joint account, never fight about money! We got it handled! Money don't rule us! True love does!! Working together is what makes marriage worthwhile! Working Separate on anything is not the way to go in my opinion.
Avoid giving any woman more then her worth. When she can give her dam self.
This is the dumbest advice ever
This is awful advice 🤣😆 the only reason this works for her is because she doesn't need to budget or worry with her income combine finances excel at a higher rate are you roommates or are you married.
Separate bank accounts easier to monitor and control my own actions and not worry about wife's.
lol advice for a healthy mirage from a man hating femenist
I was a little confused by your comments during the first minute but when you talked about your lifestyle, that explained EVERYTHING!
just bury all your money in the backyard before u get married.
I wholeheartedly agree. It is much more about 'equity' than 'equality'
🙏🏾🙏🏾
That explains everything.
I'm married too and agree with everything she said, but I will give an alternative to the "percentages" rule. What if one of the spouses makes less because they work less hours, ie part time. If they choose to do that, the percentages rule isn't the fairest. I would go back to the 50/50 because if you can afford to work part-time, then you can afford to pay up to 50% of your share.
Not being in a relationship is best for finances. No risk of alimony or loss of assets that way.
Why does she always wear an odd cape? And who takes her seriously? She just says save money, spend less, buy more, sell high, buy low type of rehashed advice.
Most pointless and baseless advice ever. Trying her best to ruin the family system in our society.
What a hack, lecturing everyone with her amateur advice.
Tf is wrong with you guys?! Money lady my ass.