Keep expenses separate. Disagreements over money are the No. 1 cause of divorce. Some couples avoid them by keeping “completely separate finances” with individual checking accounts.
But don’t go too far. Rather than “splitting every bill down the middle,” have one person, say, buy groceries while the other pays the
Share the burden. “Consider debt a shared expense”—and pay it off as quickly as possible. “Having a poor credit score will make it harder to get joint credit down the line.”
Plan for retirement together. Make sure “one of you doesn’t have to carry too large a share of the burden” when you both stop working. Also, establish durable powers of attorney and set up a bank account to be transferred to your spouse upon your death.
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- The Obama administration's nonstop incoherence on ISIS
- This is what happens when Republicans actually enact their radical agenda
- How to be the most productive person in your office — and still get home by 5:30 p.m.
- 6 super-helpful iOS8 tricks you probably don't know about
- How I dug myself out of debt — and stayed that way
- 43 TV shows to watch in 2014
- 6 things the happiest families all have in common
- Why so many Christians won't back down on gay marriage
- The science of sex: 4 harsh truths about dating and mating
- The European Union was supposed to end nationalism. It gave it new life instead.
Subscribe to the Week