Are you arguing with your spouse about money? You’re not alone. When you put together couples and money, you’re bound to get a few spats. Did you know money is the number one issue married couples fight about?(1) When it comes to marital problems, money fights are the second leading cause of divorce, behind infidelity.(2)
It’s no secret that cultivating a solid marriage takes time and work. No matter how much you love your spouse, trying to merge your lives—and your money—can be a bumpy (but still beautiful!) ride.
Here are seven mistakes couples make when it comes to their money and relationship—and how you can avoid them.
1. They Keep Separate Bank Accounts
Some couples think the best way to avoid money arguments is to keep separate checking accounts. His paycheck goes in one account, hers goes into another, and they each pay bills separately. No harm, no foul, right? Wrong. This lays the groundwork for financial problems as time goes on.