Should couples be financially Independent or not As women get their rights to work, a new issue that has been arising among the newly married couples, is whether they should be financially independent or not. Despite the thought that couple should actually have equal rights to everything that each partner owns, it can be a wise step to remain independent with their earnings. This does not mean keeping secrets regarding their earnings and spending, but in essence give autonomy and freedom to their partners. Following are some convincing reasons to let your relationship be financially independent:
1. It will give the couple time to adjust to one another’s expenses and spending Since marriage is all about acting as a unit and having equal rights and responsibilities, it is essential that the couple has the transition to a married life from being single as smooth as possible. In order to do so, the couple can keep following the previous trends that they had been following. Hence, if they had independent expenses, they should continue to have so, until they can conveniently adjust to otherwise.
2. Family expenses will be equally divided In this setting, the couple can decide on dividing the mutual expenses equally. For example, the house rent, food expenses, baby’s expenses (if they have one) and other such costs will be equally contributed by both the partners. This way, their marriage will be smoother considering that neither of them would have to take up more expense than the other.
3. It will encourage taking responsibility of their own debts Since both the partners are operating different bank accounts, their debts will not be waived off by their spouse and each of them would still be responsible for their own debts if they have any. It promotes discipline towards their spending habits. Researchers believe that taking up debt is more of a choice than an accident or a coincidence.
4. Promotes respect towards partner’s spending Even though every person would usually respect the spending habits of their partner, the going gets rough when you have to pay for them. People would actually start to realize the burden and uselessness of the partners’ spending when they are responsible for it. Hence, in such a case, it is best to keep the finances independent to ensure respect towards the others’ expenses. Everyone has their own priorities and concerns. What might be important for me might not be as important for my
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